Getting Started with Accounting

To help you get off to the best possible start, we’ve put together a quick guide to getting started with links to more information.

When you first sign up to Accounting you have to enter some basic information about your company using the Quick Start Wizard. If necessary, you can check or update your business details.


The settings overview brings together all the options you need to manage your business. You can enter default information and customize details to suit the needs of your business.

Enter your customer and vendor information

If you regularly deal with the same customers and vendors, you can either manually create their records, or to save time you can import them if you already have their information in a spreadsheet elsewhere.

Check your chart of accounts

Review the standard chart of accounts

The chart of accounts is a list of all of the categories used by your business. Use categories to analyze your income, expenditure, assets, liabilities and equity when running your management reports. Reporting helps you understand how your business is performing.

There is a default chart of accounts, based on the type of business you selected when you created your account, You can edit or create new categories based on your needs.

Enter opening account balances

Whether you’re just starting your business or changing from another accounting system, you’re likely to have opening balances. You should produce your final trial balance from this system to use when entering opening balances. Or, if your accountant previously processed your accounts for you, they need to give you a full trial balance.

Review the Trial Balance report

Once you’ve entered all the values from your trial balance, you should check the values are correct. The trial balance report shows the balance on each of your nominal ledger accounts.