Create
a New Company - Business Type
How Do I...
Your company's business type is a complete list of all account names
that will be used in the general ledger, including a set of Equity accounts
tailor-made for the business. Each account is associated with an account
ID to help locate it when recording data. Charts of accounts can vary
depending on the type of business. Sage 50 provides sample companies
from which you can copy the chart of accounts. This is a useful shortcut
to set your company. Later, you can modify the chart of accounts to meet
the specific needs of your business.
- Start Create
a New Company and make sure the Use
a sample business type that closely matches your company option is selected.
- Select the chart of accounts that matches your
type from the list. Depending on the version of Sage 50 that you are
using the list of simplified and detailed business types will vary. To
the right, you can see the chart of accounts that will be created if you
select a particular business type.
- To view more information about an industry, select
the View details about a business type
link.
- To continue setup of your company, select the
Next button. Sage 50 displays
the Create a New Company – Accounting
Method window.
What do you want to do next?