...
Because FirstBIT ERP supports contracts, the application automatically creates a contract in the accounting currency for each new company and populates the Contract field. You can edit this default contract which will appear by default in each associated with the company document. Also, you can create any number of contracts in available currencies. For details, see Adding a Company. The Contract Information tabContracts.
In the Contact Person field, you can specify the company's default contact person from the Contact Persons master records.
In the Bank Account field, you can specify the default bank account of the company which will be used in all the documents for this company. However, if needed, you will be able to replace the default bank account with any other bank account of the company. For a new company, you can create a bank account on the fly by clicking 
in the drop-down list.
You can enter company addresses in the Legal Address and Delivery Address fields by selecting them from the Company addresses master records, or you can create them on the fly by using the button to the right of the respective field. To add a new address, click the Add ( ) button to the right of the field or click the 
button in the drop-down list. This opens the Address (create) form. For details, refer to Adding an Address.
In the Responsible field, you can select the employee who works with this company.
...