Quickbooks Online/Accounting Set Up

[Joe Gee]

Hello, 

I just signed up for Quickbooks Online Plus, and I need some help regarding the set up for my LLC (flipping) and 2 rental properties (personal name).

The cleanest way from what i'm hearing is to set it up as two separate businesses.  But that means I have to purchase another subscription.  I want to avoid having to pay for 2 subscriptions.  

My rental property account has its own separate bank account or course.  

Is there a way to have my LLC account, and my rental property checking account together in the same QBO and separate expenses with classes?

[Dan V.]

@Joe Gee Sub-class will count towards the 40 class limit, unfortunately. The reason I like the main class, sub-class set up is that you can easily see the roll-up of flip & rental by running property by Class. You can make the class for the completed flip few years ago inactive, in case you reached the limit, the historical data will still be there and you can still run the report for inactive class, in case you need to. Bradley's suggestion will also work, it just requires an extra step in the data entry. Anyways, play around those options to find out which one works best for you.