Contents 

What's new in Free Accounting
Free Accounting Help
Introduction
Installation
Interface Overview
Lists
Companies List
Chart of Accounts
Master Transaction Ledger
Items List
Inventory Control Journal
Sales Tax Code List
Units of Measure List
Customer Classes List
Terms List
Tax Jurisdictions List
Ship Via List
Countries List
State/Provinces List
Customers List
Vendors List
Payees List
Employees List
Contacts List
Company
Companies List
Chart of Accounts
Master Transaction Ledger
Journal Entries List
Contacts List
Customers List
Vendors List
Payees List
Employees List
Items List
Inventory Control Journal
Purchase Order List
PO Receipt List
Return PO List
Return PO Receipt List
Sales Orders List
Invoice List
Return SO List
Credit Memo List
Post Entries
Record Opening Balance
Bank and Checks
Check Register
Bank Reconciliation
Deposit Funds
Print Checks
Receive Payments
Write Check
Vendors
Vendors List
Purchase Order List
PO Receipt List
Payments and Charges History
A/P Aging Summary
Pay Bills (All-in-One, Wizard)
Physical Adjustment
Create Purchase Order
Create PO Receipt
Create Return PO
Create Return PO Receipt
Create Bill
Customers
Customers List
Sales Orders List
Invoice List
Receive Payments
Payments and Charges History
A/R Aging Summary
Payments and Charges Reconciliation
Create Sales Order
Create Invoice
Create Return SO
Create Credit Memo
Reports
Vendors and Payables
Customers and Receivables
Sales
Banking
Payees
Company and Financial
Lists
Accountant and Taxes
Documents
Options
Free Accounting Tutorial
Introduction
Conception
Get Started
Lesson 1. Company Information
Lesson 2. Create a Vendor
Lesson 3. Create an Item
Lesson 4. Purchase an Item
Lesson 5. Create Purchase Order Receipt
Lesson 6. Make Payment to the Vendor
Lesson 7. Vendor Pay Bills
Lesson 8. Create a Customer
Lesson 9. Create a Sales Order
Lesson 10. Create an Invoice
Lesson 11. Receive Payment form the Customer
Lesson 12. Reconcile Payment with Charge
Lesson 13. Customer SO Return
Lesson 14. Vendor PO Return
Lesson 15. Create Return PO Receipt
Lesson 16. View Reports
Lesson 17. Bank Reconciliation
Lesson 18. Trial Balance

Free Accounting Software Help File Version 1.0.0.6

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Company Information

When you install Free Accounting on your computer, the generated database will contain two companies: one of them will be used for running your business and the other - with sample data provided for the Tutorial. The sample company is the company you are going to work with while reading this Tutorial. It already includes the records of a Customer, Vendor and some Items. In the current lesson you will make the sample company active in order to be able to work with the sample data.


Having two companies (real and sample) in the database you can use only one at once. To make the sample company active follow these steps:
  1. Select Tools | Options from the Main Menu.
  2. On the Working Company tab select the Sample Company from the Company Level drop-down list.
  3. Check the box in the Working column.
  4. Press the Ok button.

When the Sample company is active, all the records of this company become available for your working with them: the records of the Customer, Vendor and Items. The name of this company is displayed in the Status bar at the bottom of the working pane.

If you need to create a new company, you can find out how to do it from the Free Accounting Help Files.
If you want to view the information about the existing companies or make some changes in it, press on the Commands Panel, select Companies List in the Navigation pane, make right click on the company in the working window and select Edit.
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Published by Systems Online/SCT