Accounting Setup – Company Configuration

Updated April 27, 2026

This guide outlines the process of creating and configuring a company record within Accounting Setup. It covers the selection of default financial accounts, billing formats, payment gateways, and key accounting settings required to ensure accurate transaction processing and reporting across the system.


1. Step 1: Initiate Accounting Setup Screen

1. Log In to Salesforce

  • Enter your Username and Password.
  • Click Submit.

2. Open App Launcher

  • Click the App Launcher (nine-dot icon).

3. Search for Accounting Setup

  • In the search bar, type “Accounting Setup”.
  • Click on Accounting Setup.

4. Navigate to Companies

  • Click on the Companies tab.

5. Create New Company

  • Click the New button.

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2. Step 2: Configure Company Details

1. Create New Company Record

  • Click the New button.
  • Enter a value in the Company Name field (for example, “Test #2”).

2. Configure Core Financial Fields

  • Click the Default Bank Account field.
    • Select a bank account (for example, 1002 – US Bank IOLTA)
  • Click the Default Unapplied Account field.
    • Select an unapplied account (for example, 1205 – Unapplied A/R)
  • Click the Default Revenue Account field.
    • Select a revenue account (for example, 4000 – Other Revenue)
  • Click the Default Expense Account field.
    • Select an expense account (for example, 5000 – Billable Expenses)

3. Configure Cash Accounting Settings

  • Click the Default Cash Accounting Revenue GL field.
    • Select a revenue GL (for example, Cash Revenue GL)
  • Click the Default Cash Accounting Expense GL field.
    • Select an expense GL (for example, Cash Expense GL)

4. Configure Earnings Accounts

  • Click the Current Year Earnings GL Account field.
    • Select an account (for example, 3060 – Current Year Earnings)
  • Click the Retained Earnings GL Account field.
    • Select an account (for example, 3050 – Retained Earnings)

5. Configure Additional Accounting Fields

  • Click the Default Account field.
    • Select an account (for example, Sample Account for Entitlements)
  • Click the Paid Tax GL field (if applicable).
  • Click the Fiscal Month field and select the appropriate value.

6. Configure Control & Receivable Accounts

  • Click the Default Disbursement Controlling Account field.
    • Select an account (for example, 2000 – Accounts Payable)
  • Click the Default Receivable Account field.
    • Select an account (for example, 1200 – Accounts Receivable)

7. Configure Billing & Document Settings

  • Click the Default Billing Format field.
    • Select a format (for example, Default Billing Format)
  • Click the Default Trust PDF Format field.
    • Select a format (for example, Default Trust Request)
  • Click the Billing Activity Statement Format field, if applicable.
    • Select the appropriate format.
  • Click the Billing Outstanding Statement Format field, if applicable.
    • Select the appropriate format.

8. Configure Payment Gateways

  • Click the Default CC Payment Gateway field.
    • Select a gateway (for example, Fiserv : Operating)
  • Click the Default eCheck Payment Gateway field.
    • Select a gateway (for example, Fiserv : Operating)

9. Save Company Record

  • Click Save.

Step 3: Manage Company Record

1. Edit Company

  • Open the created company record.
  • Click Edit.
  • Click Save after making updates.

2. Clone Company

  • Click Clone.
  • Click Save to create a duplicate record.

3. Delete Company

  • Click Delete to remove the record.

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