Skip to main content
All CollectionsSet up AccountsPrep
Set up your AccountsPrep company
Set up your AccountsPrep company

How to set up your AccountsPrep company so it's ready to add data into.

Oliver Cook avatar
Written by Oliver Cook
Updated today

Before you import bank statement data into AccountsPrep, there are just four steps to follow to set up your company exactly how you want it.

  1. Set up your chart of accounts.

  2. Set up your default accounts.

  3. Set up your bank accounts.

  4. Import your opening balance.


Step 1 - Chart of Accounts

Review the chart of accounts that you selected in your initial company setup.

To get your chat of accounts:

  1. Click Accounting.

  2. On the dropdown, click Chart of Accounts.

Add, delete, edit and re-classify the accounts as necessary according to any specific company requirements.


Step 2 - Default Accounts

Review and confirm the default accounts used by AccountsPrep for automatic system postings.

  1. Click Settings.

  2. Click System Settings.

  3. Select the relevant accounts.

  4. Click Save once complete.


Step 3 - Bank Accounts

You can review, add, delete and edit the bank accounts directly from the Chart of Accounts section.

  1. Click Accounting.

  2. On the dropdown, click Chart of Accounts.

  3. Click the Bank tab.

📌TIP: You can also add and manage bank accounts from the Banks tab.


Step 4 - Opening Balances

The final step is to import your opening balances.

You can then start importing and process your bank statements.

Did this answer your question?