Creating a new company
Jamie Stewart_6481493
Member Posts: 11 Novice Member
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?
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?
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Comments
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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.
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Thanks so much Glenda. I'll give it a go. Thanks for the speedy response.0
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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.
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I had to do this just this week
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that will be handy. Thanks.0
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