How to Setup a New Company in Sage 50

Create a New Company in Sage 50- Instructions At the point when you need to make another organization record in Sage 50, you utilize the "New Company" wizard. This wizard allows you to make your new organization document and enter its data.

To make another organization record in Sage 50, select "File| New Company… " from the Menu Bar. The "New Company" wizard shows various windows into which you will include your organization's data.

The data gathered during this cycle incorporates the fundamental organization data. It additionally incorporates the records required inside the organization's diagram of records. Likewise, you pick the bookkeeping strategy and furthermore the presenting technique utilized on present exchanges on diaries. It additionally allows you to set the default bookkeeping periods and the organization document's default values.

At the point when you make another organization record in Sage 50 utilizing the "New Company" wizard, you enter data and answer questions. In the wake of addressing every one of the inquiries and entering all vital data on a screen, you click the "Following >" button to proceed. You can constantly tap the "< Back" button to get back to a past screen of data, if essential. Assuming you want assistance entering data into a screen, click the "Help" button to open an assistance window that clarifies what data is expected for each screen. Read More-: Setup a New Company in Sage 50    

To make another organization document in Sage 50, select "File| New Company… " from the Menu Bar. In the "New Company Setup Wizard," click the "Following >" button at the lower part of the window.

For every one of the accompanying screens, answer any inquiries presented and keep tapping the "Following >" button to continue from one screen to another.

On the last screen, click the "Finish" button to make your organization record.

Utilizing the Create a New Company wizard The initial phase in utilizing the Create a New Company wizard is to open it. There are multiple manners by which this might be finished: 1. Opening Sage 50 interestingly?  

In the event that you are opening Sage 50 interestingly, you might be given this representation Click the Create another organization symbol. This will open the wizard.

2. As of now have another organization record open?

There are numerous ways of getting to the Create a New Company wizard assuming that you as of now have another organization record open. One famous way is to utilize the menu bar in Sage 50. To do this, select File and pick New Company (or press <Ctrl> + <N> on your console).

Since you have opened the Create a New Company wizard...

The Create a New Company wizard is comprised of various intuitive windows and starts with the presentation window displayed beneath.

Click the Next button to proceed to the following window or press the Back button assuming you really want to change data entered in before windows. Your organization information document will be made once you press the Finish button in the last window of the wizard. Note that assuming you press Cancel before the new organization information record is made, you should begin the wizard from the start once more.

Coming up next is a rundown of the windows in the Create a New Company wizard. Be cautious while entering data into the wizard to make your organization information record. While there is some data that can be changed after your organization information record has been made, there are different settings that you cannot adjust, so you want to ensure you are exact with your work.

Organization Information Subsequent to tapping the Next button in the Introduction window, you are expected to enter fundamental data regarding your organization. This data incorporates the organization name, address, phone number, business type and recognizable proof numbers. When this data has been entered, click Next. This data can be altered after you have made your organization information document by going to the principle menu bar in Sage 50 and choosing Maintain → Company Information.

Arrangement Then, you select a technique to make your organization. The most widely recognized decision is to choose 'Utilize an example business type that intently matches your organization.' Then snap Next.

Business Type You are then educated to choose a business type with the goal that the default diagram of records made for your organization is fitting for your business type. Look through the 'Select a business type' rundown

and snap on the suitable business type. You can see the default diagram of records for that business type in the 'Outline of Accounts' rundown. Guidelines on the most proficient method to change this default graph of records after you have set up your organization document can be found in the Modifying the outline of records point in this Sage 50 Learning Center. Whenever you are happy with your choice, click Next.

Bookkeeping Method Then, you are expected to choose a bookkeeping technique - either gathering or money bookkeeping.

Be cautious in your determination, since this can't be changed after you have made your organization information document. Click Next.

Posting Method The subsequent stage permits you to pick whether exchanges are posted at the time the passage is saved (Real Time posting strategy) or regardless of whether the exchange data is saved and afterward posted in a cluster (Batch posting technique) after they have been evaluated for exactness. This data can be altered after you have made your organization information record by going to the principle menu bar in Sage 50 and choosing Maintain → Company Information. Click Next. Read More-: Setup a New Company in Sage 50

Bookkeeping Periods You are then expected to pick whether your organization has month to month bookkeeping periods, or bookkeeping periods that don't match the schedule months. Click Next whenever you have made your choice.

Monetary Year Then, you are expected to choose the main time of your financial year. Once more, you can't change this whenever you have made your organization information document. Click Next whenever you have made your choice.