I have recently moved from a sole trader to a company structure and within the company I wish to operate two separate business names and account for their income and expenses separately.
My account has advised I can operate form one company bank account. Has anyone had any experience in using the one accounting file tow account for income and expenses for two separate business? I want to be able to run p/l to see how each business is contributing. I don’t really understand how the tracking code function works in Manager-should I be using this?