On the “Choose an Accounting Method” screen, users are asked to identify whether the new account type is an “accrual” or a “cash” account. Select the option that most closely fits the type of transaction to be tracked for the new company. Users who choose to add a new entry using a sample or existing business will be asked to select a chart of accounts. Users may use a sample business, copy settings from an existing entry, convert from another program, build a new chart, or consolidate companies. Note that an asterisk denotes a required field.Ĭhoose a method for generating the new company. Please note that to setup a new company, users need the company name and address, business type, accounting type, accounting periods, and fiscal year.Įnter the company information. Review the list of information required to setup a new company.
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