Setting up your Business in Quick Books in this Financial Year

This section will teach you how to create company file in Quickbooks.

A QuickBooks Desktop company file contains financial records of a business. If you're just starting out with QuickBooks, the first thing you must do is create a company file. In this lesson, I will talk you through how to set up basic company information in QuickBooks.

Start a new QuickBooks Desktop company file from scratch

1. Open QuickBooks Desktop.2. On the No Company Open window, select Create a new company.
3. Select Express Start or Detailed Start.

Express Start
a) Fill out the necessary information in the QuickBooks Setup window. Note: Select Help me choose to see a description for every business type and the preset chart of accounts that QuickBooks will create for you per industry.
b) Select Create Company.
c) After creating your company file, you can start creating your customers, chart of accounts and services or you can do it later by choosing Start Working.

Detailed Start
a) Fill out the Easy Step Interview screen, then select Next.
b) Select your Industry, then Next.
c) Identify your type of business entity, then select Next.
d) Set the first month of your fiscal year, then select Next.
e) Set up your QuickBooks administrator password, then select Next.
f) Choose the location where you want to save your company file, then select Save.
g) Select Next to customize your QuickBooks or you can do it later by selecting Leave.

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