Create a New Company - Select Method to Create

You need to establish how your new company will be set up:

• Use a sample business type that closely matches your type of company: Select this option to copy basic setup information, particularly a chart of accounts, from a sample company. You can select either a simplified chart of accounts that contains only the basic accounts you need to get started; or you can choose a detailed chart. Depending on which version of Sage 50 you are using your selections will vary. You can modify the accounts later, according to your needs. Tell me more about selecting a business type.
• Copy settings from an existing Sage 50 company: Select this option if you want to copy setup information from another Sage 50 company or you are rebuilding a Sage 50 company.
• Convert a company from another accounting program: Select this option if you want to import company data from some other program. Tell me more about importing data.
• Build your own company: Select this option if you want to create a company from scratch. This option is only recommended for experienced users who are comfortable setting up accounting information. For users coming from a paper ledger, we recommend that they select a business type (see above) that most closely matches their existing chart of accounts and then modify it as they have need.

• Consolidate existing Sage 50 companies: (Sage 50 Premium Accounting and higher) Select this option to combine the charts of accounts of a number of existing Sage 50 companies to create a new consolidated chart of accounts. This will let you see consolidated financial statements for multiple businesses operating under an umbrella organization. Tell me more about this .

To continue setting up your company, click Next .