This guide provides a clear overview of the steps you need to take to setup your Dashbod Accounting system.
Ensure that you do not skip any steps as each step must be completed before moving on to the next.
Note: You may skip Step 1 if you have already used Dashbod’s Start Up Wizard with Dashbod HR
Step By Step Guide to Set up Dashbod Accounting:
- Start Up Wizard
- Set up Payment Term
- Import Customer Data
- Import Supplier/Vendor Data
- Import Products & Services
- Set up Chart of Accounts
- Import Trial Balance
- Import Open Supplier Items
- Import Open Customer Items
- Fixed Assets Configuration
- Import Fixed Assets
1. Start Up Wizard
The Start Up Wizard will help you to set up your company profile on Dashbod and is the first step every Dashbod user must complete to get started.
2. Set Up Payment Term
Payment terms are used set a timeline to inform customers about the time period that they have to make payment.
3. Import Customer Data
Importing Customer Data is a key step in creating your customer database in Dashbod, which will allow you to start using Dashbod’s Sales management features such as Invoicing or creating Credit Notes.
4. Import Supplier/Vendor Data
5. Import Products & Services
However, you must first Import your Products and Services before you can do so.
6. Set up Chart of Accounts
Dashbod has a preset chart of accounts and a new company can skip setting up the chart of accounts. However, you cannot change your chart of accounts mid year or after you do transactions.
If you know what industry you are in and the kind of transactions you have, you can create a new chart of accounts to better classify your transactions.
7. Import Trial Balance
Importing Trial Balances is critical to your reporting as it brings the accumulated balance sheet figures from the previous year into the system to provide a complete set of company accounts.
8. Import Open Supplier Items
9. Import Open Customer Items
Similar to importing open supplier items, Importing Open Customer Items will allow you to import any outstanding payments that your customers have to you.
10. Fixed Assets Configuration
A Fixed Asset Configuration helps you classify all your fixed assets as specific as you want it to be.
For example, you can classify an item simply as IT Equipment or specify it as a laptopor server.
11. Import Fixed Assets
Fixed Assets Importing must be done accurately since information such as cost and useful life will subsequently affect its monthly depreciation amount calculated by Dashbod.