Complete Company Setup

Second step is to finish the setup of your companies (tax code if applicable, company type, base currency) and create your first fiscal year (from when you want to start using Eleven). You can then proceed with the rest of the company setup - Create accounts & contacts, adding currencies, setting up taxes and analytical accounts and finally importing your balances. This is done in the accounting application : www.accounting.runeleven.com

 
  1. Anytime there are companies for which the setup has not been completed, user will see a message at the bottom right.
     

  2. Go to Manage my companies top right corner.
     

  3. In the company list view, company that have not been fully setup will have a button Complete my setup. Click on that button.
     

  4. Complete the missing information and save the form (tax code if applicable, company type, base currency).

 

Create First Fiscal Year

  1. In the company list view, company that have not have a fiscal year defined will have a button Set a fiscal year. Press that button.
     

  2. Click on the New Fiscal Year button in the Fiscal Year list view.  
    *Note: If you want to import past fiscal year data in Eleven, you will need to create your first fiscal year from the date you want to start using Eleven.
     

  3. Complete the missing information and save the form.

 

Navigating Back to Home Screen

  1. You can navigate to the home screen of Eleven by clicking on the Eleven logo at the top middle.
     

  2. You are now able to select the company of a fiscal year you want to start working with using the selector at the top left.

 

Create Accounts for Company

  1. On the navigation bar, select the Accounting tab and Chart of Accounts menu.
     

  2. On this page, to the right, please click the Add Account button.
     

  3. Complete the account creation form and click Save.

 

Import Accounts

  1. On the navigation bar, select the Accounting tab and Chart of Accounts menu.
     

  2. On this page, to the right, please click the Import CSV button
     

  3. Download the template and then complete your own CSV.
     

  4. Import the CSV using the same interface.
     

  5. Refer to the template if you receive error message.

 

Assigning Expense Category to Expense Account

  1. At the Charts of Accounts account list, select the account you would like to assign an Expense Category to.
    *Note: You can also assign an expense category when creating an account or using the CSV template and import.
     

  2. On the Expense Category dropdown, select the category.
     

  3. Click Save to finish assigning the category.

 

Create Contacts Account

  1. Go to Contacts on the navigation bar and select Employee / Customer / Vendor.
     

  2. On this page, to the right, please click the Add Account button.
     

  3. Complete the account creation form and click Save to create a contact account.

 

Import Contacts

  1. Go to Contacts on the navigation bar and select Employee / Customer / Vendor.
     

  2. On this page, to the right, please click the Import CSV button.
     

  3. Download the template and then complete your own CSV.
     

  4. Import the CSV using the same screen.
     

  5. Refer to the template if you receive error message.

 

Define Currencies for Companies

  1. On the navigation bar, select the Settings tab and Currencies menu.
     

  2. Click on the Add a currency button to add a currency.
     

  3. Fill all the default account for the reporting of the realised and unrealised currency gain/loss.
    *Note : If you do not see any account it is because those default account currency need to be set to the base currency of the company.
     

  4. Save the information.
    Tip : You can save the currency and go back later to fulfil the default accounts.

 

Setting Up Analytical Dimensions

  1. On the navigation bar, select the Settings tab and Analytical Dimensions menu.
     

  2. Click on the Add Dimension button in the list view.
    *Note: A dimension is a header for an analytical accounting. Ex : Geography, Business Line, Division, Product Line, etc. Dimension should be created first.
     

  3. Click on the Add Element button in the list view.
    *Note: An element is an element of the dimensions. Ex: for Dimension Geography - Japan, China, Hong Kong, Singapore, France, Germany, United States. Elements should be created after dimensions as user need to assign them to dimensions.
     

  4. In the accounts, select the PnL accounts for which you want to track analytical accounting and enable that option by clicking on the account and setting that option.

 

Setting Up Taxes

  1. On the navigation bar, select the Settings tab and Taxes menu.
     

  2. Click on the Add Tax button in the list view. 
     

  3. Complete the missing information and save the form.

  1. On the navigation bar, select the Accounting tab and Chart of Accounts menu.
     

  2. In the accounts, select the tax accounts that will be used for taxes, open the form and set them as
    Tax Account.

 

Importing Balances

  1. On the navigation bar, select the Accounting tab and General Ledger menu.
     

  2. On this page, to the right, please click the Import CSV button.
     

  3. Download the template and then complete your own CSV.
     

  4. Import the CSV using the same interface.
     

  5. Refer to the template if you receive error message.

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