Two profit centers in S-corp; one QuickBooks file. Help!

[sacarvounis]

Former CPA insisted that that both small businesses operating in one S-corp needed to be in one company file. I set up the 2nd business and began using classes to separate the income/expenses etc. It is a nightmare. New CPA says that I can certainly run two company files for one S-corp so my questions is this: I want to split it up immediately and I am mid-year (fye 12/31). Is there a way to import filtered data so that I am only pulling over the new company data or is there another way to get started and also have all the data that I need?

Thanks!

[Deidre56]

What is then nightmare with one file? Classes are easy and should give you what you need. If they are filed on one tax return i always recommend one file.