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Set up your company
Application address: /setup. This guide is reviewed against the setup interface and company creation service; it has not yet been exercised against a hosted release for academy verification.
Prepare the registered business name, address, country, base currency, financial-year starting month, tax-registration details, intended chart of accounts, and enabled modules before beginning.
1. Identity
Enter Company Name. It is required and cannot consist only of spaces. Legal / Registered Name captures the formal name when it differs from the operating name. Business Type and Industry classify the business. License / Registration No. stores its registration reference.
The business-type choices include Indian and Gulf terminology. Select the form that matches your business records; the selection is classification within OSERP and is not a legal determination.
The Print Profile controls company information used in printed documents. Review the logo, print name, print address, tax label/number, registration label/number, and extra line separately from the company identity. An incorrect print profile can make a document misleading even when its transaction values are correct.
2. Location
Choose Country, then State / Province / Emirate where applicable. Complete city, address lines, postal code, phone, email, and website. Country influences suggested configuration, so select it before reviewing currency and tax settings.
Contact fields describe the company. They do not create user accounts or grant anyone application access.
3. Tax & Compliance
Review Tax Regime, Tax Registered?, and Tax Registration Number. Use details supplied by the person responsible for your tax setup. The application stores these settings; their presence is not confirmation of statutory compliance.
Choose the financial year. Its underlying starting month is an integer from 1 to 12. A January start uses a single-year label; a non-January start produces a year-span label based on the current date when the company is created.
4. Accounting
Confirm Base Currency, the unit in which this company's books are kept. The creation service requires it. The currency normalizer accepts a three-letter code; the accepted code format does not by itself prove that every currency-specific feature is configured.
Select a Chart of Accounts preset or choose Start blank (import later). Starting blank leaves account setup work to complete before transaction posting. Review imported ledgers and posting mappings before relying on them.
Choose the base currency before posting
Company Profile refuses to change the base currency after entries have posted. Confirm this choice during setup rather than trying to reinterpret existing balances later.
5. Features & Modules
Enable only the features the business intends to use, then complete their master data and permissions. A feature switch is not a substitute for the associated configuration.
| Setting | Operational decision |
|---|---|
| Inventory | Whether the company manages stock quantities |
| Costing Method | The inventory valuation method used by supported posting paths; choices shown include FIFO, weighted average, and standard cost |
| Warehouses | Whether stock is organized across storage locations |
| Bins / Racks | Location instructions inside warehouses; do not assume a separate per-bin stock balance |
| Batch Tracking / Serial Numbers | Whether item-level traceability is needed; configure the relevant items as well |
| Negative Stock | Whether the business intends to permit stock below zero; actual transaction checks must also be considered |
| Multi-Currency | Whether transactions use currencies beyond the company's base |
| Cost Centres / Projects | Whether additional dimensions are required for analysis |
| Budget Management | Configuration flag; verify supported budget workflows before relying on it |
| Amount Decimal Places | Display/configuration value from 0 through 4; it is not the database's storage precision |
| Payroll / POS | Which business modules are enabled |
| Approval Workflows | Whether approvals are part of the company's operating process |
Pricing also has a company tax-basis setting. The creation service uses an explicitly supplied choice or a country-dependent default. Check General Settings and the labels beside selling prices before entering a catalogue. MRP and batch selling prices are interpreted as tax-inclusive in the reviewed pricing logic.
6. Review and create
Review all six sections. Choose Create Company once. The interface also advertises Enter for Next and Ctrl+Enter for Create. Shortcuts depend on focus and the current step.
Company creation is followed by initialization of starter records. If initialization or chart-of-accounts import reports a problem, check whether the company already exists before retrying creation. The service deliberately keeps the company even if a later bootstrap step fails.
After creation
Open Company Profile and General Settings to verify saved values. Confirm the active company, expected financial year, base currency, tax basis, chart of accounts, numbering, users, roles, and warehouse setup. Run a demonstration transaction before beginning live operations.
Continue to the company field guide and the extracted setup controls.