USA Accounting for multiple DBAs

[Dan Phillips]

I am planning on adding a new division to my company and have it and the original division operate under their own "Doing Business As" registrations. My company is and LLC taxed as an S-Corp. As I understand it I will do a single corporate tax return for the company. My question is what do you all recommend as the accounting method I use. I am using Quickbooks and as I see it I can either do all the accounting under a single file or I can break the two DBAs into separate files. I am inclined to do them separately but am concerned about the hassle of then getting the two separate files into Turbotax. What are your thoughts? What would you do?

 

[kirby]

Since you are doing all this yourself, keep it simple and just use one QB file. You can separate the DBA stuff into separate QB jobs.

 

[smallbushelp]

When using QuickBooks, having one company file for the LLC and using classes for the DBA's is the best option. Establish a "class" for each DBA so that you can track income and expenses independently.