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Decide which functionality you need. Some of the features (Production or Payroll) are not available until you turn them on. The settings are system-wide, that is, if your company consists of multiple entities, the settings will be applicable to all the entities. It is not recommended that you turn on the features that will not be used—there will be additional required fields, which the users will have to fill in.
Select the accounting currency and the currency for reporting the taxes (national currency). Initially, the following three currencies are available in the system: Dirham UAE, US Dollar, and Euro. If your company has transactions in other currencies, add those these currencies.
Where: Administration > Settings
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Where: Accounting > See also > Chart of Accounts
How: 7.12.1. Adjusting the Chart of Accounts
4. Add the companies
Add the companies, that are your suppliers and add the companies that are your customers. Enter the company addresses, bank accounts, and contact information. For each company, specify the VAT-related information.
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Enjoy your work!
If you still have questions or want to request the demonstration of the product, contact us at at hotline@firstbit.ae.