Key information and documents

Before we get into the mechanics of creating your company file, you will need to gather some key documents and answer a few questions first. This information is necessary so that you can customize QuickBooks for your business. Plus, having this information at your fingertips will help you complete the company setup a lot faster.

The information you will need to know includes the following:

• Company name: This needs to be the legal name or the business name that should appear on all legal documents and payroll forms.
• Company contact information: This will include the mailing address, business telephone number, business email address, and website address of the company.
• Industry: In QuickBooks, you will select the industry that your business falls into. Using this information, a default chart of accounts list will be created for you. Selecting the correct industry can open up additional reporting for KPIs and other industry-specific...