Your first file in 6 steps

From creating the client to the financial statement PDF: the complete path through a first compilation.

Here is the shortest path from a trial balance to a complete set of financial statements. Each step links to a detailed article.

1. 1Create the client on the Clients page, then fill in its sheet (legal form, numbers, shareholders). See Create a client.
2. 2Import the trial balance (Excel or CSV file, 4 columns). See Import the trial balance.
3. 3Review the automatic categorization: every account is classified by the standard chart of accounts number ranges; fix any manually as needed.
4. 4Add your adjusting entries (debit/credit) and accept them: they flow through the statements immediately. See Adjusting entries.
5. 5Review the financial statements: balance sheet, income statement, deficit, notes. Adjust groupings and notes as needed.
6. 6Export the professional PDF: cover page, communication, statements and notes, ready to deliver. See Export the PDF.

Enlarge

Want to see the end result before you start? Download a sample financial statement PDF produced with TeeTax.