Setting up a company

If you acquire a new company or restructure your organization, you can separate these new acquisitions and divisions from your original companies. By adding a new company to accommodate the expansions within your organization, you allow for a wider assortment of accounting and tax reporting options.

Select System Administrator > Setup > Company.
Click New.
Specify information in the General and Fax Device sections.
Click Save.
Specify information in the Required, Taxes, and Faxing sections.

You must specify a language in the Required sections for foreign companies. Do not specify your suspense debit and suspense credit accounts until you set up your General Ledger chart of accounts.
Click Save.
Sign out of the current company, and sign in to the new company.
Select System Administrator > Setup > Operator.
Set up security for the sys operator.
Select System Administrator > Administration > Administrator Options.
Define administrative options for the company.
Ensure that you set up profit distribution in Financials.
Select System Administrator > Setup > Table Code Value.
Set up divisions, departments, and report codes.
Select General Ledger > Setup > Account.
Set up the General Ledger chart of accounts.

Optionally, use GL Administrator Duplicate Chart of Accounts to copy a pre existing chart of accounts from another company.
Select System Administrator > Setup > Company.
In the Required view, specify the suspense credit and suspense debit accounts.
Complete the setups for operators, personnel, and warehouses.
Complete setting up defaults and records for each module that you have purchased.

Optionally, you can copy customer, product, and vendor records using SA Administration Cross Company System Copy Report functions.
Select System Administrator > Reports > SA Reports > Company Information Report.
Run the report to print a hard copy of the information for the new company.
Check the printed copy for accuracy.