Create
a New Company - Select Method to Create
How Do I...
You need to establish how your new company will be set up:
- Use a sample
business type that closely matches your type of company: Select
this option to copy basic setup information, particularly a chart of accounts,
from a sample company. You can select either a simplified chart of accounts
that contains only the basic accounts you need to get started; or you
can choose a detailed chart. Depending on which version of Sage 50 you
are using your selections will vary. You
can modify the accounts later, according to your needs. Tell me more about selecting a business type.
- Copy settings
from an existing Sage 50 company: Select this option if you want
to copy setup information from another Sage 50 company or you are rebuilding
a Sage 50 company.
- Convert a company
from another accounting program: Select this option if you want
to import company data from some other program. Tell me more about importing data.
- Build your own
company: Select this option if you want to create a company from
scratch. This option is only recommended for experienced users who are
comfortable setting up accounting information. For users coming from a
paper ledger, we recommend that they select a business type (see above)
that most closely matches their existing chart of accounts and then modify
it as they have need.
If you select this option, make sure you set up your chart
of accounts prior to setting up any other part of the company. Do this
immediately after finishing the Create a New Company wizard.
- Consolidate existing
Sage 50 companies: (Sage 50 Premium Accounting and above only) Select this option to combine the charts
of accounts of a number of existing Sage 50 companies to create a new
consolidated chart of accounts. This will let you see consolidated financial
statements for multiple businesses operating under an umbrella organization.
Tell me more about this .
To continue setting up your company, select the Next
button.
What do you want to do next?