When you created your company file, you chose an accounts list for your company. Chances are that the accounts list includes most of the accounts you'll need to track your transactions and print important financial statements, but a few changes may be needed to ensure the accounts list you chose is complete and accurate for your business. You can use the Accounts section of the Easy Setup Assistant to tailor your accounts list to your company's specific needs.
The steps in this part of the Easy Setup Assistant will walk you through adding, changing and deleting accounts. When your accounts list is complete, you'll enter beginning balances for the accounts -- these are the accounts' balances on the first day of your conversion month (the month that you begin entering transactions in BusinessBasics).
You'll also review the accounts that have been selected for undeposited funds. The undeposited funds account is used for the money you receive from customers (and other sources) until you deposit the funds in a checking account or some other bank or financial account.
As with the Customize section of the Easy Setup Assistant, you can click the Help button anytime you like to learn more about the task you're completing or the window that's displayed.