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Two Businesses One ABN

RewildRewild Member Posts: 1

There are two sides to my business. I run a market and I also manufacture a drink. They run under the same ABN however have separate bank accounts. We want to be able to report on them separately . Sometimes one account will loan money to the other. Should I set up as two separate businesses? Any suggestions for how I can manage this?

edited December 13, 2019 in Using Wave

Comments

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hey @Rewild , if you're reporting on these separately, you'll definitely want to set up a different business for each. If you're to set up a single business in Wave for both, you'll only have access to reports that cover all information, instead of information to each side of your business.

    Let me know if you have any further questions.

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