set up a new company

Set up of a new company

1.       When we start the software the following window will appear.

2.       Now we want to set up a new company .after clicking in that the following window will appear.

3.       In above window there are some lists are given that you should give information about it. To enter the data you should click on next button. After clicking on that the following window will appear.

The company information will appear. Write the name address and the other information. After  that click on the next button.

4.       In the next phase the window of chart of account will appear.

Chart of account will tell you the basic accounts which you need to start a business.

And in this choose the option which is best for your business. After selecting or clicking on the bubble click the next button. After clicking on the last option which is build your own company.

5.       The following window will appear.

There are two accounting methods mentioned in it. 1^st is accrual and 2^nd is cash. Choose the option you want by clicking on the bubble. And then click on the next button.

6.       In the next step there is posting method. First is real time and second is batch time. In real time transactions are posted to general ledger as they are saved. Most companies use this method while in batch method transactions are saved by the programmed and then posted. By clicking on the bubble choose the posting method. And click on the next button.

7.       In the next step the window of accounting method appears. Normal accounting period is of 12 months. So click on the bubble. And click on the next button.

8.       In the next phase window of monthly accounting period appears. Here we choose the month in which transactions are recorded. After that clicks on the next button.

9.       In the next phase there is a window of congratulation. It is the last step it means your new company is set up and then clicks on the finish button.