Creating a New Company

Always remember to backup often!

Click Save/Load on the menu.

In the entry field labeled “New Company” enter your new company name.

Click the Create New Company button.

Screenshot of bibsbooks save load create company screen.

Set up your default bank account and the Income/ Loss Account!

A bank account and an income/ loss account is required for BibsBooks to fully function.

Using Excel or Google Sheets you can import in a Chart of Accounts with a .csv file that may already have the needed bank account and income/ loss account. You assign the accounts by clicking Company Details in the menu.

If manually adding your chart of accounts,

  1. Click Chart of Accounts on the menu.
  2. Click the + icon in the top right corner to add a new account.
  3. Assign a Chart of Accounts Number, Select “Bank” as the account type, Enter your Bank Account Name. Click done.
  4. Click the + icon in the top right corner to add a new account.
  5. Assign a Chart of Accounts Number, Select “Equity” as the account type, Enter your  Account Name (i.e. Current Year Income/Loss). Click done.
Adding an account to chart of accounts in BibsBooks

Click Company Details on the menu.

Use the dropdown menu to set a Default Bank Account and Current Year Income (Loss) Account. 

Chart of Accounts for accounting and bookkeeping.
Company Details Input Screen

Start Using BibsBooks!

Add the rest of your chart of accounts, employees, vendors, locations and classes.

Start entering transactions.

It’s that simple.