How to Create a New Company File in QuickBooks

It is a question that is asked many times when customers struggle to add new company files in an existing QuickBooks online version whether to buy a new QuickBooks software or you can do that in the same setup.

• New Company new subscription: Whether you like it or not you will have to buy another subscription if you want to add another company to the existing QuickBooks software.
• How to start a new company file? Look for the new company tab on QuickBooks and after that, you have to click on express start, following that page, you have to sell the entire company information, and after that look for the options made available from the QuickBooks side, and fill in that information out.
• Create a New Company Files in QuickBooks: A QuickBooks company file is home to all financial records of the business. If you’re starting to work with QuickBooks, here is the first and foremost step you need to follow to create a company file. If you already own any company file (already existing), your company file can either be upgraded or your old company file can be replaced with the newer one. QuickBooks Creates a New Company File from an Existing One.

Overview of how to create a company file

• You are required to copy all the transactions from one company file to a new company file
• Create a company file specific to your Industry.
• Export the list to the newer one.
• With the help of condense Data Utility, remove all transaction

To Create a new company file in QuickBooks

• Open QuickBooks.
• Create a new company on no company windows.
• Make a selection between Detailed Start and Express Start.

Create a New Company File using Detailed Start

• If you go for Detailed Start.
• Fill all the details of Interviewscreen for Easy Step and click on Next.
• Specify the type of industry you are in and click on next.
• Select entities of business and click on next
• Set all fiscal year credentials and click on next.
• Set up QuickBooks Admin ID and password, click on Next.
• Navigate to the path to save company file to the location where company file is to be saved.
• Once you save company file, your QuickBooks can easily be customized just by clicking next or click on leave to do it later.

Create a New Company File using Express Start

• Select Express Start.
• Now, fill all necessary information you require to create a new company file.
  Point to check: see the “Help Me” option and select it to see business type description and chart of accounts to create QuickBooks for every industry.
• Now, click on it to Create Company.
• Once you create a company file, create your customers, chart of accounts, services else click on start working.

Conclusion

creating a new company file in QuickBooks is a straightforward process, but occasional errors like QuickBooks being unable to open a company file or QuickBooks error code 6190 816 may arise. If you encounter any issues, our expert ProAdvisor and Technical Support Team are available to assist you. You can reach out through our website, where we offer comprehensive resources and Live Chat Support. Additionally, our Toll-Free Number at smb_accountants ensures prompt assistance for any QuickBooks-related concerns. Don’t hesitate to contact us for reliable and professional support.