Overview

Creating a company file

MYOB BusinessBasics's New Company File Assistant simplifies the process of creating the company file you'll use to track your company's transactions and other important business records.

The New Company File Assistant consists of a number of windows in which you can enter information about your company. The information you enter when you create your company file will determine the manner in which your financial records are stored and maintained in BusinessBasics, so it's important that you enter this information correctly.

If you keep business records for more than one company, you must use a separate company file for each of the companies. You can use the the New Company File Assistant to create each of these company files.

Note: Who is responsible for creating your company's company file? Since your company's company file will be the most vital source of information about your company's finances, it's important that the proper person create and set up your company file. Many larger companies assign this duty to an accounting manager or system administrator, since the information entered in this procedure may be confidential and the process requires familiarity with your company's accounting procedures.

Step by step
To prepare to use the New Company File Assistant
To start the New Company File Assistant
To use the New Company File Assistant