Using Locations vs Classes in QuickBooks Online

Looking for help with QuickBooks Online? Book a free 25min call with AJ: bit.ly/3ULmoi9
AJ Stockwell is the owner of Learn Bookkeeping Today LLC and Climb CFO LLC. He is a small business accounting and finance expert with a passion for sharing high-quality informative content for:
-Bookkeepers and aspiring bookkeepers or college students who are considering a career in accounting or starting their own bookkeeping business.
-Business owners who want to better understand their numbers or improve their accounting processes and controls.
-CPAs who are looking to bring even more value to their clients and streamline/update their processes.
What sets me apart is the fact that I have been in the shoes of all 3 of these groups. This channel is going to explore a wide variety of topics related to these areas.
Thank you for watching this video. Please subscribe and let me know in a comment below what you would like to see on this channel!
Go check out my blog and course offering here: www.learnbookkeepingtoday.com

[@user-lm9kt6es3u]

Is there a certain QBO tier for these features or will it work for all of them?

[@LearnBookkeepingToday]

I believe you need to at least be using QBO Plus to access Classes and Locations

[@tysonmadliger8110]

I want to create a DBA company and want to use the same tax accounts. Is it possible to change the name of the company and logo on the DBA? When I have created a new invoice template it changes the name of all of the invoice templates and changes the logo for all of the invoices.

[@LearnBookkeepingToday]

Hi Tyson, in general a QBO account is tied to 1 business/dba. So unfortunately, to my knowledge, you can't create multiple invoice templates with different business names.

[@tysonmadliger8110]

@@LearnBookkeepingToday Thank you for your response. I think the only workaround I have found is to use a third-party company like Square for invoicing and payments. I can integrate Square to import the payment back into Quickbooks to keep everything under one business. It's not ideal, but I am hoping it will work.

[@LearnBookkeepingToday]

Hey again Tyson - I realized after posting my reply that there *might* be a workaround here after all. You may be able to use Locations to display a different business name on Invoices. When you create a new Location, there is an option to show a different name on invoices. Using Location tracking this way would also let you view a P&L for each line of business, as long as you tag each relevant transaction with the Location.