Setting up a company file in QuickBooks might seem to be a hassle to many. QuickBooks company file is a core component that stores essential company information. Setting up or creating a company file isn’t as tricky as it seems to be. A few basic steps can help in successfully coming up with a company file from scratch. QuickBooks users might have to set up a company file in two different scenarios, when a new company file is to be created from scratch, either when setting up the software or when expanding business. Another case can be creating a new company file from the existing company file at the end of the year. In this segment, we have shared the steps to create a new company file from scratch. To understand the process better, stick around this piece of writing carefully. Or you can also connect with our technical support team at +1-800-360-4183, and let them help you with your queries.

Steps to set up a new company file from scratch

This process requires you to follow some basic steps. These steps include:

1. At first, open QuickBooks.
2. Later on, create a new company option in the no company open window.
3. Once done with that, head to the create a new company option in the no company open window.
4. Also, go for the express start or detailed start tab.

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Option 1: Express start

1. Here you will have to select the express start tab.
2. Followed by entering only the business name, industry, and type to setup a new company file in QuickBooks.
3. The user will then have to open QuickBooks.
4. After that click on Create a new company on the no company open window.
5. Once done with that, click on express start.
6. And then, enter the information.
7. You now have to click on Help Me Choose to see a description for every business type and chart of accounts in QuickBooks.
8. The next step is to click on the Create company option.
9. The last step is to start creating a chart of accounts, customers, and services, or skip it by clicking on the start working option.

Option 2: Detailed Start

1. Here, you need to open QuickBooks.
2. Move to no company open window.
3. The next step is to click on Create a new company.
4. Select the detailed start tab.
5. Enter the info on the easy-step interview screen and click on the next tab.
6. You now have to select the industry type and head to the next tab.
7. Once done with that, identify the type of business entity and click on the next tab.
8. You will also have to set the fiscal year for which you wish to create a company file and click on the next tab.
9. The next step is to set up a QuickBooks admin password and click on the next tab.
10. You now have to select the location to save the file and click on save.
11. The last step is to customize the QuickBooks software by clicking on the next tab and do it later by clicking on leave.

Conclusion!

Towards the end of this segment, we hope that the information shared in above might be of some help in setting up a new company file successfully. However, if there is any query or if you need any sort of technical guidance at any point in time, then in that case feel free to connect with our certified QuickBooks Pro Advisors at +1-800-360-4183, and we will provide you with instant support and guidance.

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