How to create a new company in quickbooks desktop
To create a new company in QuickBooks Desktop, follow these steps:
Step 1: Launch QuickBooks Desktop
Open QuickBooks Desktop on your computer. If you don't have it installed, you can download and install it from the Intuit website.
Step 2: Click on "Set up QuickBooks"
Once QuickBooks Desktop is open, click on "Set up QuickBooks" in the "Get Started" window.
Step 3: Choose "Create a new company"
In the "Set up QuickBooks" window, click on "Create a new company" to start the setup process.
Step 4: Enter Company Information
Fill in the required company information, including:
- Company name
- Company address
- Phone number
- Email address
- Industry (optional)
- Fiscal year end date (optional)
Step 5: Choose an Accountant or Bookkeeper (optional)
If you have an accountant or bookkeeper, you can enter their information here. This will allow them to access your company file.
Step 6: Choose a Company Type
Select the type of company you are creating:
- Sole Proprietorship
- Partnership
- Corporation
- Limited Liability Company (LLC)
- Non-profit organization
Step 7: Set Up Your Chart of Accounts
QuickBooks will automatically set up a basic chart of accounts for your company. You can customize this later if needed.
Step 8: Set Up Your Payroll (optional)
If you plan to use QuickBooks for payroll, you'll need to set up your payroll information, including your employer identification number (EIN) and state unemployment insurance (SUI) information.
Step 9: Set Up Your Banking (optional)
If you plan to use QuickBooks to track your bank accounts, you'll need to set up your banking information, including your bank account numbers and routing numbers.
Step 10: Review and Save Your Company Information
Review your company information to ensure everything is accurate. Once you're satisfied, click "Save" to create your new company file.
Step 11: Set Up Your Company File
QuickBooks will create a new company file and set up your company information. You can then start using QuickBooks to manage your finances.
That's it! You've successfully created a new company in QuickBooks Desktop.