Initial company setup

Before setting up your company in Vithean, compile the basic company information. It’s ideal to have as much information ready as possible, but you can always make changes later.

Checklist for Company Setup

• Country of your business
• Company name
• Legal structure of your business
• Main business activity
• Email, Phone, Address
• Financial year, Accounting method
• Default language, Default currency
• Date format, Number format (display and input)

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Step 1: Company Name and Tax Information

If available, enter your Registration Number and Tax Identification Number below the company name.

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Step 2: Enter Company Address

Provide the company address and registered address.

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Step 3: Configure Preferences

Select the following for your company:

• Accounts
• Language, Currency, Time Zone
• Other Preferences

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Step 4: Review Company Information

Preview the company setup, including:

• Company Information
• Company Type
• Contact Information
• Address
• Accounts
• Language, Currency, Time Zone
• Other Preferences

1. To make changes, click Edit.
2. If all information is correct, click Finish.

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Step 5: Choose Chart of Accounts

Select one of the following:

1. Use Default Chart of Accounts: Choose this option to use an existing chart of accounts.
2. Create New Chart of Accounts: Choose this option to create a custom chart of accounts.

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Step 6: Add Additional Chart of Accounts

If you have other chart of accounts, click Add.

Note: Charts of accounts with a lock symbol cannot be removed.

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Step 7: Preview Chart of Accounts

Review your chart of accounts.

1. To make changes, click Edit.
2. If all accounts are correct, click Finish.

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Completion

The initial company and chart of accounts setup are successful.