Creating a New Business

Creating a New Business in Two Accounts Web

To create a new business entity within Two Accounts web, follow the steps below. You must be logged in to access this feature.

Step-by-Step Guide

1. Navigate to Create New Business:

   • Once logged in, click the "Create New Business" button to enter the business creation page.

2. Enter Business Details:

   • Business Name: Enter the desired name for your new business.

   • Address: Provide the business address (optional but recommended).

   • Country: Select the country from the dropdown menu.

3. Chart of Accounts Option:

   • Add Default Chart Of Accounts Template : Check this box if you want the system to automatically populate the business with a standard chart of accounts. This provides a ready-to-use accounting framework and saves time on initial setup.

   • If unchecked, you will start with an empty chart of accounts and can build it manually later.

4. Complete Creation:

   • Click the "Create New Business" button to finalize.

What Happens After Creation

Once a new business is successfully added:

• Default Menus: The system automatically adds a universal set of menus that are available for all businesses. These include:

  • Business Summary, Journal Entries, Bank & Cash Accounts, Receipts, Payments, Expense Claims, Customers, Sales Invoices, Credit Notes, Suppliers, Purchase Invoices, Debit Notes, Projects, Inventory Items, Employees

• Chart of Accounts: If you selected the Add Default Chart Of Accounts Template option, a standard chart of accounts will be created automatically.

• Flexibility: All default menus and chart of accounts entries are fully customizable. You can later:

  • Modify existing menus

  • Add custom menus

  • Add, edit, delete, the chart of accounts

  • Customize the business settings to suit your specific needs