What it does
A guided onboarding wizard for a new business: initial chart of accounts and opening balances, so the books start correct from day one.
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Feature Guide
Business Setup
Guided onboarding for chart of accounts and opening balances.
Why it matters
Starting real bookkeeping mid-stream without proper opening balances means every statement afterward is wrong until it's fixed — this wizard exists so that never has to happen.
How to use it
- Open Business Setup — new businesses land here automatically right after creation.
- Confirm the initial chart of accounts (or customize it).
- Enter opening balances for existing assets, liabilities, and equity.
- Apply setup once balances tie out.
Main buttons and actions
- Apply Setup
- View Chart of Accounts
- Back to Business
Example workflow
- Run once, when a business is first created.
- Cash/accrual basis and fiscal year are set separately in Business Settings.
- After setup, every day-to-day transaction posts automatically — no more manual journal entries needed for routine activity.