Two separate sole-trader businesses

Awesome! And impressively quick! Thank you.

Hi Kevin,

No problem at all - you're very welcome!

Tommy

Hello, I have a similar issue - with Clear books do I need to set up 2 seperate accounts for each of my self emplyed businesses or will I be able to do this under one user account. Also is this possible in the free version of clear books?

I have been able to set up two businesses in my one Clearbooks account. I haven't tried using it for MTD yet, but I believe it will work. I am using the free version.

Hi Jane,

If you have separate businesses per HMRC, you will require separate Clear Books accounts. In this case, you can open 2 separate Sole Trader free accounts, or, if you require additional features, you can open separate paid plan accounts, please see: https://www.clearbooks.co.uk/pricing/

Tommy

Hi Tommy, I mistakenly set up 2 businesses under the same free sole trader account and started adding in data. I now realise I need to set up 2 separate sole trader accounts with a business under each of them. My question is - is there a way of transferring the data already input into the new free sole trader account or do I just delete it all and re- enter it?

Hi Jane,

Unfortunately, there is not a way to transfer the data. In this case, you can reset the account via the Building Icon (top right) > Reset account > Reinput the data.

Tommy

Hi Tommy I have done that however the business still appears under my sole trader account - ie so I have business 1 with data and business 2 (reset) with no data under that account - can I just leave it there and open another sole trader account for business 2?

Hi Jane,

For business 2, as you have reset this, you should be able to input data into this account. When you hover over your business name at the top right, you can navigate between the different businesses; they are treated as separate businesses.

Tommy

Hi, I have 2 businesses under my clear books account. it has allowed me to input all data for the one business, but it not allowing me to do so for the second business. Do I have to upgrade and pay a subscription to add the data to the second business? I only need to add income and expenditure - which subscription would be best for this? I would ideally prefer not to have to subscribe and save costs. Thanks

Hi Chris,

I have taken a look and can see you have taken out a trial on the Full accounting product. In this case, as you are a Sole Trader, you should hover over your business name at the top right > Add New Business and select the Sole Trader business type.

You are welcome to use our Free plan. However, please note that community posting, direct email and phone support are exclusive benefits included with our paid Basic Accounting plans (Property/Sole Trader/Sole Trader + VAT). Our Free plans do not include access to our 1:1 support team.

Tommy