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TASBooks - To copy an existing company

Created on  | Last modified on 

Summary

When you set up a new company, TASBooks creates a set of accounts and nominal accounts customised to your company’s status. However, if you already have an existing company with a structure you want to use, you can base your new company on this existing one.

Resolution

When you copy a company, the following information transfers to your new company automatically:

  • Chart of Accounts structure.
  • Nominal groups.
  • Departments.
  • Default nominal codes.
  • Financial statements.
  • Bank account records.

You can also choose to bring forward other information, such as products, customer and supplier records. No transactional or financial information will be transferred.

Copy an existing company
  1. From the TASBooks Company Manager window, select the company you want to copy.
  2. Right-click, then click Copy Company Data.
  3. Enter the details of your new company then click Next.
  4. Click Finish, then click Close.
Set up your new company
    1. From the TASBooks Company Manager window, double-click the copied company..
    2. Select one of the following options:
      • Create exact copy - If you want the new company to be an exact copy of the original, select this option.
      • Copy specific information - If you want to enter data specific to the new company, such as financial year end and VAT information, select this option.
    3. Click Next.
    4. Select one of the following options: 

      • If you want a monthly based financial year, select the starting month and year.
      • If you want your financial year split into 13 periods of 4 weeks, select this option, enter the date you want your financial year to start from.
      • If you're based in the UK and your financial year runs in line with the tax year, select this option, choose the year you want to start from.
    5. Click Next.
    6. Depending on whether or not your company is registered for VAT, select one of the following options:

      • I am not VAT registered.
      • I am VAT registered. Then enter your VAT prefix, company registration number and choose your reporting period.
    7. Click Next.
    8. Choose the records from the copied company that you want to use, then click Next.
    9. Click Finish, then click Close.