Quickstart

This guide will walk you through the initial steps of setting up your LeapCount account: creating your company and selecting an accounting mode. This foundational choice will shape how you manage your finances within the platform.

Create Your Company

The very first step after signing up for LeapCount is to create your company. During this process, you will be prompted to select your accounting mode. This is a critical decision, so let's explore the options.

Choose Your Accounting Mode

LeapCount offers different accounting modes to cater to various business needs. Select the option that best matches your business.

To help you decide, here's a summary of what each primary mode offers:

  • Simple Accounting: Best if you're new to accounting or just need to track income and expenses.
  • Full Accounting with Recommended Accounts: For complete reporting with an easy setup, providing a standard chart of accounts.
  • Full Accounting with Blank Accounts: For total control, allowing you to build your chart of accounts from scratch or migrate existing data.

Below is a more detailed look at the main accounting modes:

Simple Accounting

This mode is best for freelancers and small businesses who need basic financial tracking.

Key features include:

  • Pre-configured accounts ready to use
  • Automated journal handling
  • Optimized for basic accounting and reports

Simple Accounting is often pre-selected during setup or recommended if you're starting out or have straightforward needs.

Full Accounting

This mode offers complete financial control, ideal for businesses and accountants.

Key features and considerations:

  • Comprehensive Control: Provides in-depth tools for financial management.
  • Custom Chart of Accounts: Whether you choose to start with recommended accounts or blank accounts, Full Accounting allows for greater customization to suit your business structure.
  • Advanced Capabilities: Suited for growing businesses that require more detailed reporting and financial analysis.
  • Important Note: Once you activate Full Accounting, you generally cannot return to Simple Mode. Please consider your long-term business requirements carefully.

If your business is growing, you require detailed financial insights, or you're an accountant managing books for clients, "Full Accounting" is the mode to select.

What's next?

Great! You've now learned about creating your company and selecting the appropriate accounting mode. Once this is done, you're all set to dive into LeapCount's features. Here are a few things you might want to do next:

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