Company Setup Wizard
After completing the required step of the Company Setup Wizard and saving your company file, you can begin using Office Accounting 2007. However, it is recommended that you first complete the setup of all accounts, customers, vendors and items. This article will teach you how to set up your customers.
The company setup checklist shows you the sections of the Company Setup Wizard that you have completed, in addition to the sections you still have to complete. At any point in time, you can exit the wizard by pressing Close. If you return to it later (by selecting Company Setup in the File menu) Office Accounting will keep track on your progress.
Company setup checklist in Microsoft Office Accounting 2007
This screen can be used to launch wizards to help you complete the setup of accounts, customers, vendors, employees, items, integration with Outlook with Business Contact Manager as well as business services.
Customers
The Customers section of the company setup wizard enables you to set up your customers with details and opening balances.
Setting up Customers
Click Next to see the list of customers that exist for you company. This list will normally be empty, except if you have online integration enabled (in which case a PayPal customer has been created).
Customers and opening balances
To set up a new customer press New. To edit an existing customer, select the customer on the list and press Edit. To delete a customer, select the customer on the list and press Delete. You cannot delete customers with an opening balance or customers referenced by a job.
You can see that the list of customers has a Balance column and an As of column. This enables you to set an opening balance for each customer as of a specific date. As default the starting date of the company is provided.
When setting up a new customer, you only have to provide the customer name in order to save the customer (See note below about specifying the tax group). All the other details may be provided later:
Adding a new customer
A customer may have up to 8 addresses (business, bill to, ship to, warehouse, home legal postal and other) and as many contacts as desired.
The five tab-pages of the customer form (General, Details, Financial Summary, Financial History and User-Defined Fields) will be described in more detail in the Using the customer form article.
Note: Office Accounting 2007 also requires the user to specify the tax group (placed on the Details tab) for each customer; however this will automatically be set the customer’s tax group to None unless a tax group is specified. Setting the tax group to None means that all sales to this customers will be non-taxable until a proper tax group is defined. Please refer to the Sales Taxes module for information on how to set up sales taxes.
When you have completed editing the list of customers, click Next.
Customers completed
Click Finish to complete the Customers section.
Company setup checklist with accounts and customers completed
Related articles
Below you can find links to related articles on setting up your company in Office Accounting 2007:
The accounts section of the startup wizard enables you to add or edit new financial accounts as well as setting their balance as of the start date of the company.
The Vendors section of the startup wizard enables you to set up your vendors with details and opening balances. Vendors are sometimes known as suppliers.
Office Accounting 2007 uses items to keep track of goods and services that your company sells. The Items section of the startup wizard enables you to set up your Items with details and quantity on hand.
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