Company setup and master data

What this part covers

The lists this company posts against: chart of accounts, customers, suppliers, credit terms, agents, areas, and department or project.
Opening balances, stock value, document numbers, and currency.
Who can open the company: users, groups, roles, and an invited accountant.
The company file and the two dates are in Getting started. This part is what you maintain after that company exists.

B1 — Chart of accounts. Ledger accounts for this company, including bank, stock, and customer or supplier control accounts.
B2 — Maintain opening balance. General-ledger amounts brought forward. Red control accounts are generated, not typed here.
B3 — Customer and supplier opening balances. Unpaid bills dated before System Conversion Date, then Save on Maintain Opening Balance.
B4 — Maintain stock value. Month-end stock so profit and the balance-sheet stock account are right.
B5 — Document numbers. The running number KinraSoft prints when Bill No. is blank.
B6 — Currency. The company default currency, and one foreign currency on a customer or supplier.
B7 — Customers. Customer accounts for invoices, receipts, statements, and buyer e-Invoice details.
B8 — Suppliers. Supplier accounts for bills, payments, and seller or self-billed e-Invoice details.
B9 — Terms, agents, and areas. Credit days, sales agents, and sales areas. Create these before the first customer if the screen requires them.
B10 — Department / project. Tag transactions by department or project, and optionally limit a user to assigned projects.
B11 — Users, groups, and roles. People, which company they can open, and what they can click. Also User, User Group, and Role.
B12 — Invite accountant. Give an external accountant access to this company by email, without sharing your password.

A Customer Control Account and a Supplier Control Account must exist on the chart of accounts.
Credit terms, area, and agent must exist if Maintain Customer marks them required.
Finish opening balances, unpaid bills, and stock value before you trust debtor, creditor, stock, and retained earnings on the reports.