User Guide

Creating a Company
4 Simply Accounting
Swc90wb.doc, printed on 1/3/02, at 11:14 AM. Last saved on 1/3/02 10:54 AM.
ACCPAC INTERNATIONAL, INC. Confidential
Terminology
15. Leave Use Non-accounting Terms selected, and click Next.
Business number
16. In the Business Number field, type 12345-1234-R1, and click
Next.
Payroll definitions
17. Leave all the Income field names unchanged, and click Next.
18. In the Deduction 2 field, change the existing description
(Union Dues) to Group Ins. (for Group Insurance). Then
click Next.
Project title
19. Enter or accept the information displayed:
Project Title: Project
Then click Next.
Printer settings
20. In the Printer Settings dialog box, click Next. (Do not click
the Printer Settings button. You will change the printer
settings for reports and forms later, in Exercise 3.)
Track Inventory
Turnover
21. Leave the Store Invoice Lookup Details box checked, and
click Next.
Cash-basis
accounting
22. Leave the Use Cash-Basis Accounting box unchecked, and
click Next.
Budgeting
23. Leave the Budget Revenue And Expense Accounts box
unchecked, and click Next.
24. Leave the Budget Project box unchecked, and click Next.
Account
reconciliation
25. Leave the Use Cheque No. As The Source Code For Cash
Purchases And Sales box checked, and click Next.
Sales taxes
26. Leave the Yes option selected, and click Next. This will
automatically create a tax code that will calculate GST and
PST at a rate of 7.0% each.
Payroll
27. Leave the Automatic Payroll Deductions box checked, and
click Payroll Settings.
Taxable Income
28. The Payroll tab shows the different types of income and the
taxes to which they are subject. It also shows the EI, EHT
and QHSF factors, and enables you to track Quebec tips.