Before you import bank statement data into AccountsPrep, there are just three steps to follow to set up your AccountsPrep company exactly how you want it.
Set up your chart of accounts.
Set up your default accounts.
Set up your bank accounts.
Step 1 - Chart of Accounts
Review the chart of accounts that you selected in your initial company setup.
To get your chat of accounts:
Click Accounting.
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.
Click Settings.
Click System Settings.
Select the relevant accounts.
Click Save once complete.
Step 3 - Bank Accounts
Review the bank accounts that came with the Chart of Accounts.
Click Accounting.
On the dropdown, click Bank Accounts.
Add, delete and rename the accounts as required.
With these three steps completed, once you've imported your opening balances, you're ready to start importing and fast-coding your bank statements.