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Setup Accounting
Your initial accounting setup was done when you first set up the program in the Initial Setup process. There you entered a starting balance for your cash account, setup your primary checking account and entered a starting balance for it. This section will deal with adding the other accounts that you will need to track your business. The program comes with it's own set of trucking specific accounts. The account structure is based loosely on the account structure of the federal schedule C. Special accounts are used by the program for several trucking specific issues, you will need to use those accounts for tracking these items in order for the program to work correctly.
We will, in the ARTICLES section, cover some of the basic accounting concepts that you will need to be familiar with in order to understand the program and the basic account principles used by the program. We realize you are a trucking company, not an accounting firm and we have attempted to explain these things in a way that can be understood by a trucker. If you're not sure - use the CONTACT US or LIVE SUPPORT that are available in the program to seek assistance. We have answers for you, but you may need to ask in order to get them. This manual and the Tutors provided in the program answer the most commonly asked questions, but they cannot answer every question that may come up. So never hesitate to ask it's always much easier to get it right the first time. Going back to undo and redo can and usually is difficult so it's always better to be sure you are heading in the right direction before you start down the road.
ATTENTION: READ THIS BEFORE YOU START USINGTHE ACCOUNTING SECTION..
DO NOT START ENTERING INCOME & EXPENSES UNTIL AFTER YOU HAVE FINISHED SETTING UP YOUR BOOKS. In order to obtain a valid starting balance for your Balance Sheet you need to have your accounts, assets and liabilities entered without any income & expense entries. Please be sure to read the section on Your Balance Sheet before you start setting up or entering anything in the Income & Expense section.
