Creating a new company

Jamie Stewart_6481493
Jamie Stewart_6481493 Member Posts: 11 Novice Member Novice Member
edited October 12 in Accounts Hosted
I have been doing the bookkeeping for a company for a number of years using Reckon Hosted.

This company has purchased another company.  I now need to keep records for both companies.

Do I set up a company file for the second company simply by clicking on File/New Company then follow the prompts?  Is it easy to move between the two company files?

Comments

  • glendaveale
    glendaveale Member Posts: 176 Reckoner Reckoner
    edited November 2017
    Yes, set up the new company file and then you just view previous company and can switch back and forth as needed.  Works very well.  Just be careful which company file you are in when making any entries.
  • Jamie Stewart_6481493
    Jamie Stewart_6481493 Member Posts: 11 Novice Member Novice Member
    edited November 2017
    Thanks so much Glenda.  I'll give it a go.  Thanks for the speedy response.
  • glendaveale
    glendaveale Member Posts: 176 Reckoner Reckoner
    edited November 2017
    Also if the new company uses the same chart of accounts you can export from the current company to the new.  Just select None/Other in the Industry tab and only a few accounts will be set up in the new company.

  • glendaveale
    glendaveale Member Posts: 176 Reckoner Reckoner
    edited November 2017
    I had to do this just this week
  • Jamie Stewart_6481493
    Jamie Stewart_6481493 Member Posts: 11 Novice Member Novice Member
    edited November 2017
    that will be handy.  Thanks.
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