Overview of Setting up a New Company
- Open Pastel Partner Version xxx.
- From the main menu, select the File…New menu option.
- In the New Company Name field, type in the name or code for the new company. This becomes the name of the company’s sub-directory (folder).
Browse and select the Drive and Directory in which to save the company. The default is recommended.
In the Method frame, select the Use Setup Assistant option.
Click the Create button.
When the Setup Assistant starts, complete the creation of the company with the following information:
· Company Information
Enter you’re the details of your new company.
· Date Format
You can set the format in which you enter and see dates. Since Pastel stores dates independently of this format, you can change the date format at any time.
· Period Setup
Enter the financial periods as you require them. Pastel takes the start date of the first period as the start of your financial year, and the end date of the last period as the end of the financial year:
· Chart of Accounts
Select a set of accounts that best match your company requirements. If you import GL accounts, you will modify the actual accounts later. We recommend you select the Generic Chart of Accounts.
· Cash Books / Bank Accounts
Accept the defaults of the Setup Assistant. Your own Bank Accounts will be imported later.
· Inventory Price Lists
Enter the specific price lists that best suit your requirements. If you used price lists in your previous accounting package, then duplicate the settings as best possible here.
· Default Terms
Select the terms that best suit your requirements. If these settings are different to your requirements, they can be changed later.
· Customer Defaults
Select the customer processing method that best suit your requirements.
· Document Printing
Specify the type of paper that you normally use to print customer and supplier documents.
- When the Setup Assistant has taken you through the above steps, click Process to complete the setting up of your new company.