Hi
Can QuickFile be used by a limited company with various income streams. Also can the system be used to report income received by a couple that own & get income from several rental properties?
Regards
Stuart
Yes to Can QuickFile be used by a limited company with various income streams.
For any non-limited company, you would need a separate QF account as ltd and non-ltd cannot be mixed
You can separate income streams within the business by using projectt tags or by creating custom nominals.
As a magazine we have 3 distince streams - direct sales/subscriptions, wholesale sales and advertising and we use a custom nominal for each.
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