How do I create a New Company in SFM?
This guide will walk you through creating a new company within your existing SFM software.
Before You Begin
Activation Key: You'll need an activation key for the new company. To obtain this, email your desired company name to accounts@shireburn.com. Make sure the company name in the email is in the exact desired format (CAPS, Full stops, Brackets, etc...).
Creating Your New Company
Access Company Maintenance: Navigate to the "Current Year" menu and select "Utilities". From there, choose "Company Maintenance". Press the "Insert" key on your keyboard or the + button on the side menu.
Enter Company Name: When prompted, enter the exact company name you submitted to Shireburn Software Ltd. (including formatting).
Validate Activation Key: Input the activation key you received via email and click "Validate." If there's an error, double-check the name format with your original submission. If the validation still fails, contact Shireburn on accounts@shireburn.com with a screenshot of the exact error.
Complete Company Details: Upon successful validation, you'll have access to additional fields for setting up your new company.
Company Details Breakdown
Start and End of Financial Year: This defines the starting date for your company's financial year. Transactions before this date cannot be entered. For example, if your company starts mid-year, you can set the financial year from July 1st to June 30th of the following year. Remember to run an end-of-year process before January 1st of the following year to align with standard financial reporting periods.
Base Currency: Select the company's primary currency from the available list. If your desired currency isn't listed, Exit the current screen, and create it in the "Support > Currencies" section.
Automatic Numbering: Check the appropriate boxes to have the system automatically generate invoice, credit note, and other document numbers. You can also set a starting number offset (defaults to 0). For example, to start invoice numbers from 1,000, enter 999.
Copy Chart of Accounts (Optional): If you want to copy an existing company's chart of accounts to your new company, select the checkbox and choose the source company (once you press OK).
Final Steps
Once you've filled in all the details, click the "Create Company" button to finalize the process. The new company will then be available in your SFM company list.
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