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Before user set up accounts, Company Settings is the first step to start. User may find out that Q6’s Company Settings is one of the simplest and most straightforward settings comparing all the other accounting software.
Steps on how to set up Company Information
1.Select Settings from the Dashboard
2.Click on Settings;
3.Then select Company Information
4.Fill the required information;
5.Save.
Company Settings Fields Explained
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1.Base Information: all the fields under this section are pretty much straightforward. Therefore, user may need to fill the field based on the information on hand. And system will check the correction of ABN algorithm; it won’t be saved if it’s in a wrong format.
2.Address Details: Country and State Lists have been pre-saved in Q6, user only need to select the right one as per actual status. By default both Same as Physical Address and Same as Postal Address will be selected.
3.Financial Settings:
a.Last Month of Financial Year: The month of June in the current financial year is set as a default.
b.Last Month of Payroll Year: The month of June in the current financial year is set as a default.
c.GST Accounting Method: Accrual Basis method is selected by default. A user a can select Cash Basis if needed.
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