Setting Up New Company (Simply)

This checklist lists the steps you must take to set up a new company from scratch. If you are upgrading from MYOB, QuickBooks, or an older version of Simply Accounting, you can convert your existing data. You do not need to complete the following steps.

• If you already have an existing business, gather your records and make sure that your accounts are all up-to-date
• Create your company : Choose New Company from the File menu in the Home window to create a new set of data files for a new company.
• Add and change the accounts set up by the Simply Accounting Setup Wizard
• If you have changed any accounts, change the linked accounts
• Enter your existing vendors and any balances from your records (also known as historical information)
• Enter your existing customers and any balances from your records (also known as historical information)
• Enter the inventory and services that you usually sell and any balances from your records (also known as historical information)
• Enter your projects and any balances from your records

Note: Once you have finished entering historical information, you should choose Finish Entering History from the History menu. You must use this option before the end of your first fiscal year.

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