Company formation
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This document outlines the 5 steps to create a new company: 1) Enter company information like name, address, phone number and business type. 2) Build the chart of accounts. 3) Choose an accounting method like accrual or cash-based. 4) Select a posting method such as real-time or batch. 5) Set the monthly accounting period and fiscal year start.
Company formation
- 2. How to create a new company? Step # 1 Company Information 1. Company Name: 2. Address: 3. Telephone: (e.g. 02132037668) 4. Fax: (e.g. 032134834675) 5. Business Type: (e.g. Corporation) 6. Next Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel
- 3. Step # 2 Chart of Accounts 1. Build Your Own Company 2. Next Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel
- 4. Step # 3 Accounting Method 1. Accrual (Credit and Cash) 2. Cash (Only Cash) 3. Next Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel
- 5. Step # 4 Posting Method 1. Real Time 2. Batch 3. Next Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel
- 6. Step # 5 Monthly Accounting Period 1. Starting of Fiscal Year 2. Month (Entering Data) 3. Next Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel