Opeing new company by copying another existing company

JitendraSingh
JitendraSingh Member Posts: 2 Novice Member Novice Member

Dear professional colleagues,

We have a company already operative in Reckon. We have acquired another business and want to create a company in Reckon for that.

The accounting structure will be the same as the existing company that we have.

What is the best option for creating a new company in Reckon by copying the existing accounting structure from the existing company

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,216 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi Jitendra

    You still create a new Company File but I would recommend selecting Other/None for the industry/default Chart of Accounts (CoA)

    You can export any/all of your file lists out of any RA company file & import them into another! As the company files are in the same program, there's no mapping or configuration required so it's very quick & straightforward 😁

    Here's a snip of all the lists available (Obviously some are Preference/feature-related):

    Capture.JPG

    & here's detailed info from within RA's Help files on how to do it:


  • JitendraSingh
    JitendraSingh Member Posts: 2 Novice Member Novice Member

    Thanks Shaz for the detailed process. Really appreciate this.

    Will use this when we are about to setup the new company.

    I am new to this community. Not sure how to mark the post as Accepted answer/Answered. Pls let me know and I will mark it accordingly.

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,216 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    No problem @JitendraSingh 😏 - I'm not sure either! (I assumed it was an option 🙄)