Creating a New Company

There are many fields available to you when setting up a new company. Many of these fields do not require you to complete them immediately. Depending on your implementation plan, you might want to set up a company quickly so you can begin data entry. If so, you can go back later and complete the rest of the fields in the company setup.

The most important fields are the book information fields. These fields set up your company so that the application can properly depreciate all assets in the company.

Important! If your company uses short fiscal years, make sure you complete the Short Years tab before you calculate depreciation.

Before creating your first company, make sure you read Understanding Companies.

To create a new company

1. Select File/New Company from the menu bar. The Entity Type window appears.
2. Select the type of company or organization you want to create.

For more information, see What Entity Type Is Right for Me.

3. Select the Continue button. The New Company window appears.
4. Complete the New Company window, then select OK.

The new company is opened showing the Asset List, so you can begin adding assets.