To Add a New Company

This text box shows the drive and directory for your new company. Each time you add a new company, the company number in the path will be incremented by one.
For example, the first new company would have data files in C:\LINE50\COMPANY1 and the next would be C:\LINE50\COMPANY2 etc.
If you want to change the default shown, enter the drive letter and path here.
Note: the directory name can have up to eight characters.

Select this option to set up a new company with new data files, then choose the Next button to continue.

Select this option if you want to set up a new company and convert data from an existing Sage program into it.

Enter the year when your financial year began.
For example, if your financial year is April 1999 to March 2000, enter the year 1999.
Or, if your financial year began in January 1999, enter the year 1999.

From the drop-down list box, select the first month of your financial year.
You can change these details when you first run your Sage Line 50 program, but once you enter a transaction for this company you cannot amend them.

If you have set up Customer, Supplier and Product Defaults in your current Sage Line 50 program and wish to copy these into your new company, select this check box (a cross appears when it is selected).
If you want to use the Sage Line 50 defaults, leave this check box de-selected.

Select this check box if you want to set individual passwords for each person who has access to this companyÆs program.

If you have password protection on your existing company, you are asked to enter this before you can proceed.

3. From the option buttons provided, select the type of new company installation you require. You can choose between the following:

To continue, click Next, then enter the data path to your old program directory.

Follow the on-screen instructions to set up your new company and complete your conversion.

4. In the boxes provided, enter the name and address of your new company, then click Next.

5. In the boxes provided, enter your financial year details as follows, then click Next.

6. If the details are correct, click Next. If you wish to change the financial month or year, click Back.

The next page of the wizard appears, for you to enter the nominal account structure you require.

8. You can either install the Sage Line 50 default nominal account structure, or you can create your own.

If you want to install the Sage Line 50 default, select the Default Nominal Account Structure option button and then choose the Next button to continue.

If you wish to create your own structure, select the Own Nominal Account Structure option button, then choose the Next button to continue.

9. Select the appropriate option button to indicate the VAT scheme you require for your new company.

Sage Line 50 handles VAT in two ways: Standard VAT Accounting and VAT Cash Accounting. Select the check box (a cross appears when it is selected). If you require your VAT Return for this company to be calculated on a VAT Cash Accounting basis, i.e. calculated from the input and output VAT amounts you actually receive and pay, rather than those amounts you have invoices for.

If it is not correct, you can either click Back to amend the information, or you can click Finish to install the company and then amend the information using the appropriate Defaults option from within your new program.

A message appears confirming the new company installation is complete, and that you are now in the new company, ready for processing data.

You have now successfully installed your new company, and are ready to start setting up your system.

Now, when you run your Sage Line 50 program from the Program Manager, the Select Company window appears. Select the company you require from this list then click OK to continue.