startCreating New Company
How To

Creating New Company

Twinfield
Last update: Reading time 1 minutes
Company Settings

    In this section we will cover how to create a New Company based on an existing template. A company is defined as an independent set of accounts.

    In the search everything bar enter New company and select the option.

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    The 'New Company’ window will be displayed and the following fields are mandatory: 

    Company template:

    Company code:

    Company name:

    Double click in this field to view all templates/companies.

    All companies created must have a code i.e. AB1000.

    Enter Client/Customer.

    Click‘Create’ for the new company to be created, a popup message with a link to your new company will appear on the Twinfield homepage.

    Click the settings icon.  clipboard_e095b5136a40e9a9ab2fcd402d497a8a6.png

    Select company settings.

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    Followed by the company settings icon.

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    Click the options on the left hand side bar, this will take you to the relevant ‘company settings’ section.

    Enter ‘company name/short name’.

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    Set a default bank account

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    Click on the tab ‘Taxes’ and for example enter the following:-

    VAT Number:     272757531

    Name:                 Enter company name

    Phone No.:         0845 533 3831

    VAT time frame: Quarterly

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    To watch our video on creating a new company click here.

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