After connecting to AccountsPrep from the list of integrations, you’ll be brought to a simple one step configuration for the entity’s AccountsPrep file.
There are two mains parts to this:
- Select the current financial year date range
- This is the period which you’re going to write-up the accounts for, generally last year.
- Select the template
- This is the chart of accounts, tax and default account settings for the file you’re creating
- We provide our own default charts of accounts or you can choose from various Accounts Production packages in the UK & Ireland if you prefer
- You can also create your own templates to be used throughout your practice
Upon clicking ‘Complete set up’ you’ll be brought into AccountsPrep for this entity.
Next, read the best ways to enter your opening balances…