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ezAccounting Guide

Part 1: Set up Company Account

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Step 1: Set up Company Information


  • 1. Set up company general information here
  • Start ezAccounting application, click the top "Company" tab, then click the sub menu "Current Company" to open the company setup screen
    accounting system company setup menu

    accounting system company setup screen
    (Click image to enlarge)

    - Enter company information.

    - Input Logo image path and Custom Image Path. Logo image will appear on checks and all print out. You can optionally print custom image on Invoice, Estimate, Receipt etc. You can leave those text boxes blank if you do not need to use those images.

    - Click the Save button to save your changes

  • 2. Set up Chart of Account

  • You can click the top "Home" tab, then click the sub menu "Chart of Account" to open the Chart of Account screen
    chart of account setup
    (Click image to enlarge)

    - Add Account

    - Edit Account Name

    - Edit Account Opening Balance


  • 3. Add/Edit Account (Optional)

  • You can click Add button on "Chart of Account" dialog box to open the Add/Edit Account screen
    chart of accounting menu

    chart of account setup
    (Click image to enlarge)

    - Add Account

    - Edit Account

    -There are two general type of accounts in ezAccounting

    -1) Balance sheet account;
    A balance sheet summarizes an organization or individual's assets, equity and liabilities at a specific point in time. Balance sheet account includes Bank, Credit Card, Asset, Liability, Equity.

    -2) Income and expense accounts;
    The two Income and Expense Accounts are used to increase or decrease the value of your accounts. Thus, while the balance sheet accounts simply track the value of the things you own or owe, income and expense accounts allow you to change the value of these accounts.

    -Postable Cash: If this account can have cash posted to it, such as a checking account or petty cash account, check the checkbox.

    -Opening Balance

    -Enter an opening balance for the account, or keep it at zero.

  • 4. Setup Bank Account (optional)

  • You need to set up the bank account to print checks. If you add or edit an account, you can click the "Bank Setup" button to input bank account information for check printing feature.
    bank setup
    (Click image to enlarge)



    -Input bank name.

    -Bank routing number.

    -Bank account number.

    -Current check number.

    -Optional Signature image.

    - Click the Save button to save your changes



  • Company Tax Information Set up (Optional)

  • Note: You can skip this step if you do not need to process payroll checks.

    You can click the top "Employee" tab, then click the sub menu "Tax Setup" to open the company tax setup screen
    chart of accounting menu

    accounting application tax option setup
    (Click image to enlarge)

    - company Tax ID

    - W3 control number and W3 Establishment number (optional): These two fields will be used for W2 and W3 forms only.

    - FUTA (Federal Unemployment Tax): Employer-side tax only and will not be printed on paycheck stubs
    The default tax rate for 2013 is 6%. However, many companies can take up to 5.4% credit. Please check with your local IRS office to see what rate you should use.

    - SUTA (State Unemployment Tax): Employer-side tax only and will not be printed on paycheck stubs

    - Click the Save button to save your changes

  • Company Deduction Set up (Optional)

  • Note: You can skip this step if you do not need to process payroll checks.

    You can click the top "Employee" tab, then click the sub menu "Deduction Setup" to open the company deduction setup screen
    chart of accounting menu

    payroll application tax option setup
    (Click image to enlarge)


    EzAccounting software can support up to 7 custom deduction fields. .

  • Wage Set Up (Optional)

  • Note: You can skip this step if you do not need to process payroll checks.

    You can click the top "Company" tab then click the sub menu "Wage Setup" to open the Company Wage Setup Screen
    wage set up menu

    payroll application tax option setup
    (Click image to enlarge)


    EzAccounting payroll software is very flexible. You can customize the payment type to handle salary, hourly pay, tips, commission, bonus, differential pay rate, pay-by-piece, pay-by-load, pay-by-project and more.

    << Previous Step: Quick Start Guide      Next Step: Manage Customers, Products and Sales >>

        

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    Related Topics


  • ezAccounting Quick Start Guide

  • Set up Check and Form Layout
  • How to manage customer and sales
  • How to manage vendor and purchase
  • How to write check and manage bank account

  • How to generate invoice
  • How to generate estimate/Quote

  • Sample Paychecks



    accounting software
    From $189
    ezAccounting software is the right in house accounting solution for small businesses needing to document and report on incoming and outgoing cash flow including sales, receipts, payments and purchases. It also supports payroll processing and tax form printing.

    If you have not installed this software, you can download and try it free with no obligation and no credit card needed.

    This accounting software is compatible with Windows 11, 10, 8, 7, Vista and other Windows computers.

    ezAccounting makes it easy to track income and cost!