Sole trader with two businesses - best way to get started in Quickfile?

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1

I’m a sole trader and I trade under 2 business names: BH Property and BH Online.

Please can anybody advise the best way to set up accounts for these two businesses in Quickfile…

I’ve imported CSV bank accounts to Quickfile, and all transactions look accurate - but transactions from both businesses are in the same bank accounts (Yes I’m silly and I’ve only just opened a separate bank account for business transactions).

So I’d like to know - do I need to set up 2 separate Quickfile accounts, one for each business? Or is there a better way to do it?

I aim to produce accounts which completely satisfy all HMRC requirements. Until now I have been just keeping an Excel spreadsheet of transactions for each business.

Any help or advice would be much appreciated - I’m fairly new and a novice to all this! If I’m completely missing the point just let me know!

Thanks! :slight_smile: Ben

2

Basically, 2 businesses = 2 accounts.

If you have been using a single bank account for the both businesses you can import the statements to both accounts and then delete the transactions that don’t apply.

You can use the Affinity platform to manage both accounts from one place, if you don’t fancy having to sign in and out of different accounts.

3

Thanks Lurch for the advice. :smile:

I’ll have a look into the affinity platform.