The 5 minute guide to getting started and using EconoAccounting.

1. Run the Setup application on the CD. Follow prompts.
2. Once successfully installed, from “Start”, choose “Programs”, then “EconoAccounting” and EconoAccounting.
3. The program will start and say that the application has not been registered. If you are running as a demo, choose “Run in Demo Mode”, else if you have purchased EconoAccounting call EconoServ and provide us with the serial number the system supplies. We will give you an activation number.
4. The login screen will appear. Choose “Generate a New Company” and type in a short name, and choose “Create”. Then choose the name from the CHOOSE A COMPANY box and “Login”. The software will now load.
5. At any point, you may choose “Help” “EconoAccounting Help” for the user manual.
6. When the program loads, choose Chart of Accounts, check the existing accounts, and add at least one more account, your bank account: Choose ADD, enter a description, click and then tick the “Is this a Bank Account” box. Insert the account number, and choose the type of bank account and SAVE.
7. Choose “File”, “Set Defaults”. Click on the Bank Account box, and choose your bank account. Click on “SAVE”.
8. Choose “Cashbook”, “Cashbook”.
9. You are now ready to download your bank account, or capture it manually. To create a new transaction manually (e.g. to add in an opening balance on your bank account), choose “Add New Transaction”. When you save the transaction is saved and visible on the top half of the screen, and its allocation is visible on the bottom half. By default a DEFAULTEXPENSEACCOUNT is used, but you can change this by clicking on the drop-down box on the bottom right of the screen. Choose “SAVE”, or “INCLUDE VAT” if the transaction is VATable.
10. You should now download your bank account from the Internet. Save the statement to c:\program files\econoaccounting\”name of company”\”name of bank account”. For Nedbank and FNB, choose CSV format. ABSA requires CSV delimited (*) format. Standard Bank download is saved as a CSV format. Once downloaded, click the “Import Bank Statement” button, and the system will import your entire bank account, and calculate the closing balance. Ensure that the opening balance you have entered is correct, and check that the closing balance balances with the bank statement.
11. You can now start allocating those transactions to the correct financial accounts.