System Manager > Company Setup > Set Up Company Settings

The Company Setup function allows you to create live and sample company databases in AccountMate Enterprise. The company database that you can create in the system depends upon the following conditions:

•You can create only sample company databases if the AccountMate Enterprise license file is NOT installed

•You can create both live and sample company databases after the AccountMate Enterprise license file is installed

Whether you are adding a live or a sample company database, consider the following important points before accessing the Company Database Setup function:

•You must verify that the SQL server to which you want to connect should be running.

•There should be enough disk space on the server where the AccountMate databases are stored.

•You should have the adequate read/write access rights to the SQL server where the AccountMate databases reside. You may need your SQL Administrator's assistance to determine your access rights to the SQL Server.

To set up a new company settings, perform the following procedures:

1.Launch AccountMate Enterprise. Once logged in, select System Administrator from the Module List.

2.In the System Administration tab, select Company Setup function.

3.Click the New button to create a new company database.

4.Enter in the Alias field any name you want to designate as the company's alias. This will be the name that will appear in the company selection list.

5.In the Name field, enter the full name of the company that you are creating.

6.Choose your desired option in the following checkboxes:

oSample Company

Mark this checkbox if the company you are creating is a sample company. Marking this checkbox will create the sample company "National Office Supply, Inc" including the sample data that comes with it.

Note: The Sample Company checkbox is disabled and marked by default if the AccountMate Enterprise license file is not installed.

oConsolidation Company

Choose this option if you want to create a parent company. Marking this checkbox configures the company for consolidation.

oActivate IFRS Features

Mark this checkbox if you want to activate the IFRS feature. This option must be marked if the company is required to comply with International Financial Reporting Standard (IFRS) requirements.

Note: Companies created in AccountMate by default follows the US GAAP-mandated requirements of financial reporting; however, if the IFRS features are activated, the system is configured to comply with the IFRS requirements.

oActivate Fund Accounting

Choose this option if you must apply non-profit (fund accounting) principles for the company you are creating. Marking this checkbox will require you to set a fund segment in the Account Segment Definitions page and configures the system to modify and add reports that suits your fund accounting needs.

7.Enter in the Company Information Page all the required details about the company's address and status.

8.In the Fiscal Period Definition Page, define the company's fiscal year and periods setting.

9.Set the company's fiscal periods in the Fiscal Period Table Setup Page.

10.Set the country tax and access to bilingual information in the Regional Settings Page.

11.Set the GL Account Segment definition in the Account Segment Definitions Page.

12.Review all your entries. Note that some of the settings in this function are a one-time set up only. When you are ready, click the Save button to proceed; otherwise, click Cancel to abort operation.

13.A message will be displayed to inform you that company setup is successful. Click OK to proceed.

Set Up Company Settings

Set Up Company Settings

See Also