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Setting up

You can start recording transactions right away, but it's a good idea to review the setup of the functional areas you're going to use, and to enter some historical information.

Want your accountant or bookkeeper to finish setting up your company file for you? Invite them to access your file.

Use the Easy Setup Assistant to get started

AccountRight has an Easy Setup Assistant that can help you get set up (the options available will depend on the product you're using).

Open the assistant from the Setup menu.

Here's a summary of what you can do in each section of the Easy Setup Assistant:

In the Customise section

  • system preferences

  • data entry options

  • contact log settings

  • ageing options

  • To Do list

Learn more:

In the Accounts section

  • accounts list (add, delete, rename accounts)

  • opening balances (as at your conversion date)

Learn more:

In the Sales section

  • your preferred sale layout (eg. item, service)

  • default tax/GST codes

  • credit terms

  • cards for your customers

  • historical sales (details of outstanding invoices as at your conversion date)

Learn more:

In the Purchases section

  • your preferred purchase layout (eg. item, service)

  • default tax/GST codes

  • default credit terms to use for purchases you make

  • cards for your suppliers

  • historical purchases (details of outstanding bills you still had to pay as at your conversion date)

Learn more:

In the Payroll section

  • general payroll information, such as hours worked per week

  • the accounts to use for wages paid, and the bank account that payments will come out of

  • the payroll categories you need for your business, like base salary, holiday pay, and overtime

  • cards for your employees, where you can enter their payroll details and historical information, like entitlement balances

  • timesheet preferences.

Learn more:

Other things you can set up

There are a few other things you might want to set up now that the Easy Setup Assistant doesn't cover, like:

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    Users: Control who can access your company file by setting up user accounts for them, and invite others (like your accountant) to access your online file.

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    Inventory items (stock): Whether you want to track the stock you have on hand, or not, you can set up items in AccountRight, to save you time entering details on your invoices.

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    AccountRight online services: You can link your bank and credit card accounts to your company file to cut down the amount of data entry you need to do. And there are lots of other time saving features too.