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Enter the name of your company, business, charity, society or club.
Select the type of organisation you are setting up Clear Books for.
Enter the date of your current financial accounting year end.
If your organisation has been running for a number of years and you are intending to load on or import historic transactions, then use the date of the first financial year to be imported into Clear Books.
Select the VAT scheme your organisation uses.
Organisations that have revenue below the VAT registration threshold and therefore outside the scope of VAT should select exempt from VAT.
Clear Books supports the following VAT schemes: standard rate, flat rate, not VAT registered or custom GST schemes.
Select the type of account that your organisation uses most frequently for payments.
Typically a bank account should be selected.
In some cases your organisation may receive and make payments through an online payments system such as Paypal or Worldpay. If so, select Internet payment account.
If your organisation is a start-up and as yet has no bank account then it is likely that any payments you receive or make will be in cash. In this case select petty cash account.
Enter the name of your primary bank account, this will become your default bank account so please choose it carefully.