This section walks you through the essential Setup steps for a new CifraHQ company. Work through these topics in order — each one builds on the last. By the end you'll have a fully configured Accounting environment ready for live transactions.
Create your company, set your base currency, and orient yourself in the CifraHQ interface. This is where every new implementation begins.
Define the fiscal year structure CifraHQ uses to organize your financial data. Periods control which dates transactions can be posted to and are the backbone of your reporting calendar.
Set up the government bodies to which your company remits tax. Tax Authorities link to Tax Codes and drive tax payment tracking.
Configure the tax rates applied to sales and purchases. Each tax code ties to a Tax Authority and a GL account, so CifraHQ can calculate and post tax automatically on every document.
Define the payment schedules offered to Customers and agreed with Vendors — Net 30, 2/10 Net 30, immediate, and any custom terms your business uses. Payment Terms drive invoice due dates and aging Reports.
Build the account structure that underlies all financial reporting. Includes setting up your bank accounts so you can record deposits, payments, and reconcile statements.
Create the physical or logical Warehouses CifraHQ uses to track Inventory locations. Even single-location businesses need at least one warehouse before receiving or shipping goods.
Enter the financial position your company had before going live in CifraHQ — account balances, open receivables, open payables, and on-hand Inventory. This is the bridge from your previous system to CifraHQ.
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