Question: What is the easiest way to set up multiple companies, with the same owner, in QuickBooks?

1. Use the Advanced/Detailed Setup to go through the EasyStep Interview for the oldest company, then click File > Add Additional Business at the end of the interview.
2. Set up classes for each company within the parent company file. This will allow you to print financial statements for each company.
3. Purchase a separate QuickBooks license for each company. You will create different icons for each company on your desktop.
4. Use the Advanced/Detailed Setup to go through the EasyStep Interview for each company, creating a separate company file for each.

Answer: The correct answer of the above question is Option B:Set up classes for each company within the parent company file. This will allow you to print financial statements for each company.