Introduction to Accounting
How to Create a Company
How to Add a New Account in the Chart of Accounts
What is a Fiscal Year
Accounting Dimension
How to Create a Finance Book
How to Create a Payment Term
How to Create an Accounting Period
How to Configure Accounts Settings
The General Ledger is a detailed report for all transactions posted to each account and for every transaction there is a Credit and Debit account so it lists them all up.
How to Create a Journal Entry
How to Create a Journal Entry Template
How to Generate and Export General Ledger
How to Generate and Export Customer Ledger Summary
How to Generate and Export Supplier Ledger Summary
Financial statements are written records that convey the business activities and the financial performance of a company.
How to Generate Trial Balance
How to Generate Balance Sheet
How to Generate the Cash Flow Statement
How to Generate the Consolidated Financial Statement
All Courses Introduction to Accounting How to Create a Company
How to Create a Company
SA Silinha Almasol
Oct 23, 2023


A company is a legal entity made up of an association of people for carrying on a commercial or industrial enterprise. In Parsimony, the first Company is created when a Parsimony account is set up. For each Company, you can set a domain as manufacturing, retail, or services depending on the nature of your business activity.

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