Accounting setup checklist
Here is a list of the information that you will want to have on hand before you start setting up PTM Vision for your business.
Company data
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Company legal name and address |
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Federal EIN or social security number |
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Fiscal year dates |
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Name of the income tax form you file |
Chart of accounts
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Names, numbers, and descriptions for the chart of accounts (use the existing chart of accounts, if available) |
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Financial statements as of the end of the prior tax year |
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Trial balances as of the software start date |
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List of department or location classifications |
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Numbers and balances (from the start date through today) for the following types of accounts: bank, credit card, loan, and lines of credit |
Customer list
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Customer account numbers - phone |
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Information to complete the Customer list: names, addresses, contact information, taxable status, etc. |
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Customer payment terms |
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Customer types (Price Levels) |
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Customer special pricing (contracted rates, etc.) |
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Tax Areas ( State, County, City, Local) Breakdown |
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Open balances or outstanding invoices as of the start date |
Vendor list
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Vendor id setup |
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Information to complete the Vendor list: names, addresses, other contact information |
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List of 1099 vendors and their tax ID numbers |
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Vendor payment terms |
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List of outstanding bills as of the software start date |