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
- Setting Up a Company During ERPNext Setup
- Creating a Company in ERPNext
- 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.