Setting up your software the right way the first time is crucial.
You need to know that your Chart of Accounts has been established to ensure they meet any compliance requirements such as GST, PAYG or other tax compliance.
The Chart of Accounts also determines your Reporting such as the Profit and Loss and Balance Sheet. It is also important to the overall effectiveness and accuracy of your bookkeeping.
Setup also involves templates that you will use on a regular basis such as invoices and payslips as well as all your customers and suppliers.
If you’re unsure of how to setup your software, please Book a Chat or Contact Us – we’d be happy to help.