Quickbooks Online for Rentals with Multiple LLCs

[Monica Kovalsky]

I recently converted to Quickbooks Online for 2 main reasons: 1) peace of mind in case my computer decides to crash 2) may eventually hire a virtual bookkeeper so thought online would be easier.  

I thought I could just track each LLC in a separate class but accountants keep telling me I need a separate QBO company for each LLC which requires another paid subscriptions. Bottom line: doesn't make financial sense to me.

No one however has been able to explain to me in a way that makes sense (at least to me) why I can't use classes for each LLC? I think I heard it has something to do with the balance sheet but it appears to me that QBO has Balance Sheets by Class so I don't see the issue?

Can anyone help???  Thank you!!