Legal name is the business name of the person or the entity who own the business.
You can enter your organization’s professional website in this field.
You can choose your industry in which your business falls under from the dropdown box.
You can edit your Subscription you choose during quick setup. Based on your needs choose the Subscription edition that best suits you. Below are plans that myBooks is offering.
|Automatic Bank Feeds||✖||1 Bank||Unlimited|
The currency you select when you sign up is displayed here. As mentioned in quick set-up, it cannot be changed if transactions are recorded, but you can add more currency.
You can edit your Time Zone which was entered during quick setup.
Provide a detailed postal address.
You can update ownership type of your business whether it is a Sole Proprietorship, partnership and corporation.
Selecting a correct Accounting type is also key in defining your post-tax financial statements. In case you are unsure of which kind of accounting type (Accrual or Cash) to follow, we recommend getting advice from an accountant.
Choose your fiscal year best suited for your business from the list. The fiscal year you select should mirror your accounting year.
Select your appropriate date format suitable for your organization.
Add your Tax id here. This is specific to company’s regulatory requirement.
Company ID is the legal requirement for all companies and it is country specific.