Set up your first company

Make key choices in a test database with fictional data before entering live transactions. Accounting, stock valuation, taxes, and user access are harder to change after work begins.

1. Open Settings and confirm the company name, address, country, currency, timezone, and logo.

2. In Apps, install only the apps your team needs for this launch.

3. Ask a qualified adviser to review the Philippine chart of accounts, taxes, journals, fiscal settings, and document process.

4. Create named users. Give each person only the access needed for their job.

5. Prepare customers, suppliers, products, product variants, units, prices, locations, and opening information using Prepare master data.

6. Test one complete sale and one complete purchase using fictional values.

7. Compare stock quantities, receivables, payables, and bank balances with the approved opening records.

8. Record the launch date, sign-off owners, backup owner, and how to return to the previous setup if the launch must be reversed.

Do not use a shared administrator login for daily work. Keep at least one reviewed backup before importing opening balances or stock.