Creating a New Company (Customer or Vendor)

Creating a New Company (Customer or Vendor)

Creating a new company in CustomBooks™ is a straightforward process that allows you to efficiently manage your customers and vendors. By following these simple steps, you can set up your company profile and start recording transactions seamlessly.
  1. Go to Lists > Companies.
  2. Click Create > New.
  3. Check the Customer or Vendor checkbox or both. At least one is required.
  4. Enter the Company Name.
  5. Click on the Financial Tab and enter default Terms, defaults Sales account (customer), default Expense account (vendor), default Accounts Receivable account (customer), default Accounts Payable account (vendor), default Price Level, and default Salesperson. (Optional)


  6. Go to the Payment Methods Tab to add or register a Customer's card or ACH debit bank account in Stripe or Paya. Visit these knowledge base article links to know more about Stripe and Paya payment integrations.


  7. If the company is a 1099 Vendor, click on the 1099 Tab > check the 1099 Vendor checkbox, enter the vendor's full name and the Federal Tax ID (EIN for Employer Identification Number or SSN for Social Security Number)

  8. Click on the Notes Tab to add notes about the customer/vendor or add a website.


  9. Click the Save button. Go to Addresses / Contacts Tab > click Create button to create new address / contact ID.
  10. On the Create New Address/Contact ID window, enter the Address/Contact ID, Email Address, Remit To (Name), Sales Tax Rate, Address Line 1, Address Line 2, Address Line 3, City, Region/State, ZIP Code, and Country in the Address Tab. (Optional)


    Enter the     First, Middle and Last Name, Suffix, Salutation, Phone Number, Cell Number, Fax Number, Job Title, Salesperson, and Notes in the Contact Tab. (Optional)


  11. Click Save/Save the Close to save the Address/Contract ID.
  12. Then click Save/Save and Close again to save the Company.
For a step-by-step walkthrough, check out the video below.
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