CREATING A NEW BOOK OF ACCOUNT FOR YOUR COMPANY

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Here are the steps in creating a new book of account for your company:

Step 1: Double click on sage 50 accounting on the desktop window.

Step 2: Click on file menu and select new company.

Step 3: Click on next.

Step 4: Enter the company's name, example; EAGLES CEMENT DISTRIBUTION DEPORT. (all in capital letters).

Step 5: Enter business type of your choice, example; Limited Liability Company.

Step 6: Click on next.

Step 7: The first choice is used by most companies so click on next.

Step 8: Select a business type depending on the company.

Step 9: Choose accruals and click next.

Step 10: Click the real time and next.

Step 11: Click next then finish.

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