The Accounting Setup Wizard will guide you through all the steps necessary to set up and enable TSS Accounting. Detailed help is available as you proceed on each page of the wizard. When you finish the wizard TSS Accounting will be fully functional. If, at any point, you decide to cancel the wizard no data in TSS will be changed, and you may rerun the wizard at a later date. Before you run this wizard you should do some preparation to insure your existing data is current and correct. Remember, you will not have valid financial reports if you start with incorrect data. Also correct starting data will minimize later corrective entries.

Here are some recommended steps to take before proceeding with the wizard:

1. Select a date to start using Accounting. Ideally this date should fall on the first day of a month. Leave enough time to collect and analyze your existing records.

2. Review each of your existing Accounts Receivable records. Make sure each is current and correct. Update these accounts in TSS as necessary.

3. Do the same with your Accounts Payable records. Make sure vendors are set up for payment of rent, utilities, etc and post all current Payables to TSS. Make sure all vendor invoices and payments have been posted in TSS.

4. Take a physical inventory count and record any adjustments in TSS. This is especially important if you have recently upgraded from an older version of TSS.

5. Reconcile all your bank accounts with your latest statements from your bank. Take into account all bank deposits and checks written after the date of your bank statements.

6. After close of business on the day before you start using Advanced Accounting review all the above suggestions to ensure data is current. Make any last minute entries in TSS.

If you have done all this you are good to go!

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