Home > Getting Started > Setting Up a Company > Using Standard Setup

Using Standard Setup

To use the Standard Setup process, you need the same basic information as the Express Setup process. However, with the Standard Setup process, you can enter more details about your company, including your federal and state tax information.

To add a company with Standard Setup:

  1. If you have a company open in Brass Jacks Bookkeeper, choose Company > New Company or File > New Company.
    If you've just started Brass Jacks Bookkeeper, in theBrass Jacks Bookkeeper  Company Selection dialog box, click New.
  2. In the New Company Assistant wizard,select Standard Setup.
  3. Click Start.
  4. Step 1: Type the legal Company Name and Address as you want it printed on tax forms. Add any other information you want to include with this company file.
  5. Click Next.
  6. Step 2: Specify the accounting method: Cash or Accrual.
    Use the same accounting method that you use for reporting your taxes. If you’re not sure which accounting method is correct for you, consult your accountant.
  7. To select a different Chart of Accounts than the standard Brass Jacks Bookkeeper one, click the Select/View Chart of Accounts button. In the Chart of Account Selection dialog box, in the Type of Business list, select a Chart of Accounts and click OK. (For more information, see About Selecting a Chart of Account topic.)
  8. If necessary, adjust the Next Fiscal Year End date.
    By default, Brass Jacks Bookkeeper shows 12/31 of the current year. You can type a different date or click the arrow and select a date on a calendar.
    You can enter transactions for the current fiscal year only. If you have unpaid invoices or other carryovers from the previous year that you want to enter into Brass Jacks Bookkeeper, enter your last year-end date here. After you’re satisfied with your prior-year entries, close that year to work on the current year.
  9. Click Next.
  10. Step 3: Type a name for the company's checking account.
    This account name is for identifying which account you currently use. You can add other accounts later.
  11. Type the account number, the number of the next check you plan to use, and current account balance for the account. If you wish, provide the last check number.
  12. If you wish, specify the bank's name and location.
  13. Click Next.
  14. Provide the State Tax Rate.
    If you use multiple sales tax rates, enter the one you use most often.
  15. Click Next.
  16. Step 5: Create a password for this account.
    Brass Jacks Bookkeeper sets up the initial password as Unrestricted. You can create additional passwords with payroll and bank account restrictions. 
  17. In the Re-enter Password box, re-type the password.
  18. In the Security Question box, type any question with a simple answer that you will remember in case you cannot remember your password.
  19. In the Answer box, type the answer to the question.
  20. In the Hint box, type a hint for answering the question.
  21. Click Create Company.