When you want to create a new company file in Sage50, you use the “New Company” wizard to create your new company file and enter its information. You can start the “New Company” wizard by selecting “File| New Company…” from the Menu Car. The “New Company” wizard displays different windows into which you will input your company’s information. The information collected during this process includes the basic company information, the accounts needed within the company’s chart of accounts, the accounting method, the posting method used to post transactions to journals, the default accounting periods, and the company file’s default values.
For each screen in the “New Company” wizard, you enter information and answer questions show. When you have answered all of the questions and input all necessary information on a particular screen, you click the “Next>” button to continue. You can always click the “<Back” button to return to a previous screen of information, if necessary. If you need assistance entering information into a screen, you can click the “Help” button to open a help window that explains what information is required of each screen.
When you are finished entering information into all fo the screens and click the “Finish” button, Sage50 will then create your company’s data file.
Check out this video that shows the process: