Checklist of what you'll need to set up a new business in QuickBooks

[inshya]

I’m planning to start using QuickBooks for my new business and want to make sure I have everything ready before setup. What’s the complete checklist of information and documents I’ll need — like bank details, company info, chart of accounts, and tax IDs — to get started smoothly?

 

[karen]

The setup information that you need before installing QuickBooks is your business name, address, tax ID, bank account information, business type, chart of accounts, and opening balances.

 

[jainnorton]

It's crucial to know your company name, legal details, EIN, SSN, fiscal year, and accounting method. Your Chart of Accounts, vendor and customer lists, and bank and credit card information are also required.

 

[danisjohn]

To set up a new business in QuickBooks, gather your business details (name, tax ID, address), bank account info, chart of accounts, product/service list, sales tax rates, payroll details, customer/vendor info, and payment methods for invoicing.

 

[nikhilrajoria]

Checklist To Set Up A New Business In QuickBooks:

1. Business name and address
2. Employer Identification Number (EIN).
3. Income, expenses, assets, and chart of accounts.
4. Bank account details
5. Sales tax info (if applicable)
6. Customer and vendor lists
7. Opening balances of accounts.

After installation, it is easy to monitor invoices, payroll, and taxes.