Click on the icon to start Pak Accounting. For more information on this box, see Creating a User ID.

1. This will take you to the Splash Screen. Either enter an existing company or Adding new company to existing system.
2. Enter the information on the Company Master Maintenance screen. See Company Master Maintenance in General Ledger.
3. Set up a Chart of Accounts. See Account Maintenance.
4. Set up Sub-Tables. See Sub-Table Maintenance.
5. Set up Sub-Accounts. See Sub-Account Maintenance.
6. Set up Journals. See Journal Maintenance.
7. Entering beginning balances. Now that the Chart of Accounts is set up, the Balance Forward amounts from the manual books/old software system must be entered. Choose the Effective Date to be used for the entries. This date is typically the last day before going live on Pak Accounting. Good effective dates would be the end of the year, the end of the quarter, or even the end of the month. Print a Balance Sheet from the old software system (or handwritten balances from a manual system) to be used as the input source document for entering the Balance Forward amounts. See Entering Journal Entries for instructions on how to enter the balances. See Beginning Balance Steps for more step-by-step instructions on adding detail for AR and AP balances. Beginning balances are usually entered in Journal 100.
8. Set up your bank account information. You must do this before you can write checks out of Pak Accounting. See Bank Account Maintenance.
9. Enter outstanding checks from the old system. In Bank Reconciliation > Check History, enter outstanding checks from your old system. This does not create any General Ledger entries; it only puts the checks into a history file so that you can reconcile your first bank reconciliation.
10. Set up Financial Reporting. Printing financial statements is the most important part of the General Ledger Module. The Financial Statements are completely user-specific, although several generic financial statement report definitions are provided and can be imported into the new company. See Financial Reporting.
11. Enter payroll historical information. How much detail you need to enter depends on when you first start on Pak Accounting. For example, if you start in February, you have the choice of entering every payroll cycle or January as a whole month and starting in February. If you are starting in July, then enter the first two quarters and start fresh in July.
12. Enter the historical information as a Payroll Cycle with the Automatic post entries to the G/L option turned off in the Master Files Maintenance > GL tab. If your Social Security and Medicare numbers do not match to the penny, please contact your Customer Success Team.