Dual Business Bookkeeping
JaredIsham
Member Posts: 3
I have an LLC which also operates a dba. Both businesses use the same EIN but have separate bank accounts and invoice with different branding.
Should they be under one account in wave or each business have their own account set up?
Currently I have both set up with their own business account and appropriate branding to each invoice. Often times the two businesses work together and share expenses. sometimes home lenders get confused when they see two different P&La and have asked us to combine them.
Does it make more sense to just have a additional combined account and do the books twice or is there an efficient way to combine the accounts?
Should they be under one account in wave or each business have their own account set up?
Currently I have both set up with their own business account and appropriate branding to each invoice. Often times the two businesses work together and share expenses. sometimes home lenders get confused when they see two different P&La and have asked us to combine them.
Does it make more sense to just have a additional combined account and do the books twice or is there an efficient way to combine the accounts?
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