First-time setup checklist
Complete these steps after creating your workspace to start recording transactions.
After creating your workspace, complete these steps to start recording transactions. Most take just a few minutes.
Acctally shows you a setup checklist in your dashboard until you complete these steps. You can dismiss it anytime and come back later.
Essential setup
Complete these three steps before recording your first transaction.
Add a money account
Where does your money live? Add at least one bank account, cash account, or payment provider balance.
Review your categories
Acctally creates default income and expense categories based on your location. Review them and add any that are specific to your business.
Confirm your posting settings
Decide when transactions should count in your reports. Most businesses use the default (post immediately when recorded), but you can require manual review first.
Optional setup
These are useful for businesses with specific needs but not required to get started.
Review tax profiles
If you collect or pay VAT, sales tax, or withholding tax, review the tax profiles for your jurisdiction. Acctally sets up common rates automatically.
Configure currency settings
If you deal with multiple currencies, configure exchange rate sources and how foreign currency transactions should be converted.
Connect an integration
Connect Stripe, Paystack, or another payment provider to automatically import transactions. This saves time if you receive payments online.
Invite team members
Add your accountant, bookkeeper, or team members. You can control what each person can see and do.
Quick settings checklist
Double-check these settings match your business:
| Setting | Where to find it | Common choices |
|---|---|---|
| Base currency | Settings → General | Your primary reporting currency |
| Fiscal year end | Settings → General | December 31, March 31, June 30 |
| Accounting method | Settings → General | Accrual (most businesses) or Cash |
| Timezone | Settings → General | Your business timezone |
| Jurisdiction | Settings → General | Where your business is registered |
After setup
Once you've completed the essential steps, you're ready to:
- Record your first payment
- Import existing transactions from CSV or bank statements
- Connect a payment provider to automate data entry
Need help?
If something doesn't look right, check Common mistakes & protections or reach out to support. We're happy to help you get started.