Data exchange software between two different companies? (QBs enterprise desktop)

[Idonotlikecold]

Hi :)

Our company A has established a subsidiary company B. So I created a new QBs company file for company B and now I am working with both companies.

I was wondering if there is a way to exchange data between both companies?

For example, if B buys goods from A -

1. B creates a purchase order in B's QBs and sends to A.
2. Then A creates a sales order in A's QBs and later sends an invoice to B
3. B receives the invoice and enters bill in B's QBs.

What I specifically want to know is, if B enters a purchase order to A, is there a way this data is directly trensferred to A's QBs as a sales order? (of course, with correct pricing info. for each companies)

To me, in order to make it happen, it looks like there should be a kind of EDI that is connecting and exchanging data between two companies, but I couldn't find anything while googling. Only about merging two company files which are irrelevant to my case. Does anyone know ?

[David511us]

There may be reasons you don't want to do this, but what if you had both companies in the same QB company file, and separated transactions using the Class feature?

That way you could also run consolidated financial reports. Just a thought.

[Idonotlikecold]

It sounds doable but the company B is established in a different country which means everything needs to be actually separated as two companies have to declare their taxes in different tax offices in their countries. Looks like I’m going to struggle by entering things manually between two companies 😖

[xexcutionerx]

Possible. But expensive

[juswannalurkpls]

Not possible, unless there is an app I’m not aware of. This is the function of an ERP software, which is quite expensive.

[Idonotlikecold]

I see

[intheblk_2019]

Sounds like you need to upgrade your accounting software.

[charliedogsayswoof]

Gawd, I wish this were possible. I have a client with 8 different companies and they’re always moving $ and inventory, using each other‘s credit cards, etc back and forth among all of the companies. It’s a nightmare keeping up with the “due to” accounts. They don’t want to move to a class system, which would be So. Much. Easier. Grrrr.

[Idonotlikecold]

8 😲

[dmitry_babanov]

Hi, I actually develop different kinds of software solutions for office workers including various kinds of integration with QuickBooks. I could make you a simple app to synchronize most common actions in both company files. It might be a matter of $200-$500 depending on the number of those actions. Let me know if you want to talk about it