Guide to Setting Up a Company in ERPNext

Creating and configuring a company in ERPNext is a fundamental step for accurate financial and operational management. This guide details the process of setting up a company, both during the initial ERPNext setup and within the application itself.

Table of Contents

1. Setting Up a Company During ERPNext Setup
2. Creating a Company in ERPNext
3. Configuring Company Details

1. Setting Up a Company During ERPNext Setup

Establishing your company's framework as you install ERPNext.

• Initial Setup Wizard: When you first log into your new ERPNext instance, the setup wizard will guide you through the process.
• Entering Company Information:
• Fill in your company's name, country, currency, and other basic details.
• Select the domains that apply to your business to tailor ERPNext to your needs.
• Complete the wizard, and ERPNext will create the company based on the information provided.

2. Creating a Company in ERPNext

Adding a new company to an existing ERPNext instance.

• Access the Company List: Find this under the 'Setup' module.
• Creating a New Company:
• Click 'New'.
• Enter the company's name and other essential details like country, currency, and default bank account.
• Configure default accounts for assets, liabilities, equity, income, and expenses.
• Save the company.

3. Configuring Company Details

Fine-tuning your company's financial and operational settings.

• Open the Company Record: Go to the 'Company List' and select your company.
• Update Company Information:
• Edit details like the company's address, tax ID, and registration details.
• Set up fiscal year details and tax information.
• Configure default inventory, HR, and other operational settings.
• Update the company's logo and letterhead for branding consistency.
• Save your changes to ensure the company's ERPNext profile is complete and accurate.

With a well-configured company setup in ERPNext, you'll have a solid foundation for all your business activities. It ensures that financial records, operations, and reports reflect your company's specific requirements and standards.