@Jamiec3320 wrote:
I own a pet salon and use QB desktop. My husband is just starting out as an independent barber and I wanted to set him up in my QB as a dba. Can I setup an income “line” item to capture his income separate from mine or should I setup a separate company file for him? Will QB accept income from another bank account and know where to put it? Bottom line is I want to be able to separate his income from mine for better income and expense reporting and I just want to use one EIN as an umbrella for both businesses. I’m not that proficient with QB so I hope I’ve explained this well enough for someone to assist me. Thank you in advance.
Each business needs its own set of books, so if you use QBO, that means another subscription.
If the dba company was doing business selling what your s-corp sells (pet grooming), that would be a different thing
Each business also files its own tax return too, even if a sole proprietor, one schedule C for each business.
