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, you have to enter some basic information about your company using the quick start guide. If necessary, you can check or update your business details.


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

  • To access the settings overview, click More then click Settings.

Enter your customer and supplier information

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

Check your Chart of Accounts

Review the standard Chart of Accounts

The Chart of Accounts is a list of all of the accounts used by your business. These accounts are known as nominal ledger accounts. You can use it to analyse your income, expenditure, assets, liabilities and capital when running your management reports. This helps you to see how your business is performing at any moment in time.

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