How to create a New Company File in QuickBooks Pro and Premier

QuickBooks is a widely known as well as effective accounting software which enables an individual to create a new company file. This new company file can be produced every year as well as therefore; it instantly deleted all the information entrance needed during the initial file set up.
To start a new company file in QuickBooks Pro and also Premier:

1. First of all you need to Select the File menu
2. And then select Utilities > Clean Up Company Data
3. Now Rebuild the outstanding balances in accounts receivable by either creating balance forward invoices for a lump sum consumer balance or re-creating private invoices.
4. After that just Recreate supplier balances from the Vendors menu with the Enter Bills option, charging these expenses straight to the Uncategorized Expense account, rather than individual expense accounts.
   • Due to crucial payroll info had within payroll files, this function is not readily available to payroll users.
   • Because of protection and also time associated information from the banks, this function is not available to QuickBooks online banking users.
   • You will certainly not have the ability to run comparative annual reports if you choose to create a new company file for every new year.
     1. Firstly, Choose File and then select New Company.
     2. After that just click Start Interview, in the Easy Step Interview window.
     3. Now follow the on-screen directions to enter the info for your new company file.

I hope by following these steps you are now able to create a new QuickBooks company file by your own. However, for new users few times it can be little difficult and there might be some problem while performing these steps. We, Pro Accountant Advisor is an Intuit Certified ProAdvisors and help you to setup or create a new company file in QuickBooks or further actions. You can contact us at 1(800)880-6389 and we will teach you and guide you the basic to advance feature of QuickBooks.