There are three ways to create a new company within Pak Accounting. The first option is to create an empty company, which will not contain any predefined settings or accounts. The next option is the Quick Start feature, which uses a pre-defined template within the system. The final option will copy a current/existing company and use it as a template. See Copy Company for more information on this last option.

Let’s start with the first two options, which can be done from the company login screen. Below are the steps for each.

1. Type in the new company code to be used.
2. Select Create New.
3. A box will pop up asking if the QuickStart feature should be used.
   1. To create an empty company, select No. Choosing No immediately takes you to the General Ledger module > Master Files Maintenance > #80-Company. This allows you to set up company options for each module shown. It is recommended that you start at the top with the Company Options in the General Ledger module, as seen below. This will allow you to enter the pertinent company information such as company name, address, and tax id number.
   2. To use one of the templates, click on Yes. Then, the proceeding Questionnaire must be filled out. Once you have filled in all the information, click on Create.
      Note: If you answer YES to questions 11 -13, your company will be set up as an Oil and Gas Company, including the necessary accounts and journals. Even if you are just an investor, if you are using the Check Stub feature, you will want to answer yes to one of these questions to get a basic setup in Check Stub.

There is a third option to create a new company, which is to copy an existing company.