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Start a new company file - QuickBooks Community

QuickBooks enables you to create a new company file each year so that the data entry required during the initial file setup is eliminated. Although closing a company file at year end is not required, many customers find that the volume of transactions over the course of a year results in increasingly larger data files and deteriorating computer performance.…

Starting a New QuickBooks File for the New Year - Should ...

Oct 19, 2012 · I hate to say it, but it may very well be time for you to leave your old QuickBooks data file behind and start a new one for the new year. There is no better time to create a new QuickBooks company file than the beginning of a new fiscal year! In my experience over the last 15 years, sometimes it is far LESS hassle to forge ahead and create a ...…

How to setup a new company in QuickBooks

Below is a snapshot of the first screen you will see when you open QuickBooks (Windows versions) for the first time. Select the 'Create a new company' button (as indicated by the red arrow below), and you will be taken to a new window where you will begin your company setup interview.…

How to Combine Two Companies in Quickbooks Bizfluent

Use the Class feature. If you are in the position of wanting to combine two companies that are just starting out, whether it's because it is two different locations, for example, combine the two using the Class feature of QuickBooks. Create a class named ABC Company and another named XYZ Company. You do this by going to the Item menu and clicking on Class Item menu. Click CTRL + N ……