Setup of a Company

Setup of a Company

Following are the steps involved in order to create a new company

Click on Set up a new company.

This screen will be appeared by clicking on “Set up a new company”

This screen will provide us with five options .we press the button of “NEXT “ and another window will appear like this and contain the company information.

 

 Clicking next methods to setup the charts of accounts will appears and different options are given .if we build a new company then click on option of “BUILD YOUR OWN COMPANY”

PRESS the button next and another window will appear known as accounting method

There are two options in Accounting methods

·         Accrual

·         Cash

We click on the accrual option, and press the button of Next; Posting Method will appear on the screen

In this, there are two options by selecting the Real Time posting methods and press NEXT button and window will appear

This window tells about the Accounting period and presses the NEXT button  another window will appear choose the month and year.

Click the next button “Congratulation” window will appear the company set up completes.