Creating and Setting Up a Company > Creating a Company

Create a New Company

ClosedBefore you can perform this task
  • Determine the start and end dates of your current fiscal year.
  • Determine the earliest date you will allow Sage 50 Accounting to process a transaction.
  • If you are going to use a file exported from an external source as the basis for your list of accounts, you need to prepare the file before Sage 50 Accounting can import it.

To create a new company in Sage 50 First Step Accounting

  1. In the Home window, on the File menu, choose New Company.
  2. In the Name and Address step, type or select information about your company, and click Next.
  3. In the Dates step, enter your fiscal start and finish dates, and click Next.
  4. In the File Name step, type the name and location of your company file, or click Browse to navigate to a location. Click Next.
  5. Click Finish.

To create a new company in all other editions of Sage 50 Accounting

  1. In the Home window, from the File menu, choose New Company.
  2. Select Help me create my company.
  3. Enter your company's legal name and address information. Note that the province you select is used to determine the default number and type of sales tax accounts.
  4. Enter your company's fiscal year start and end dates, and the earliest date you will allow Sage 50 Accounting to process transactions for this fiscal year.
  5. In the List of Accounts step, select a method for creating your list of accounts and click Next.
  6. Follow the steps in the method you chose to create your list of accounts.
    7. ClosedIf your list of accounts is based on your business type
    1. Select your ownership structure, and your company business and industry types from the lists, and then click Next.
    2. To view the accounts Sage 50 Accounting will create, click View List of Accounts.
    3. To expand or change the range of your account classes, click Account Ranges. (Sage 50 Premium Accounting)
    ClosedIf your list of accounts is based on an exported file
    1. Select the program from which the file was exported, and click Next
    2. Select your industry type from the list, and click Next.
    3. Type the name and location of the exported file(s), or click Browse to navigate to the file, and click Next.
    ClosedIf you are going to manually build your accounts after the company has been created

    Select your industry type from the list, and click Next.

  7. In the File Name step, type the name and location of your company file, or click Browse to navigate to a location. Click Next.
  8. Click Finish.

What do you want to do?

Find the keyboard shortcut to create a new company

Published: June 21, 2016
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