Company Setup

A company is a legal entity made up of an association of people for carrying on a commercial or industrial enterprise.

In ERPNext, the first Company is created when an ERPNext account is set up. For each Company, you can set a domain as manufacturing, retail, or services depending on the nature of your business activity.

If you have more than one company, you can add them from:

Home > Accounting > Company

1. How to create a new Company

  1. Go to the Company list, click on New.
  2. Enter the name, abbreviation, and default currency for the company.
  3. Save.

The abbreviation for your company is created by default. For example, FT for Frappe Technologies. The abbreviation helps in differentiating assets of one company from another.

The abbreviation also appears in various accounts, cost centers, taxes templates, warehouse, etc, of your company.

You can also attach a company logo and add a description for the company.

Company Master

1.1 Multi Company Structure

Let's assume you run a group of companies, some may be larger companies and some may be smaller that are a part of the larger company(s).

In ERPNext, you can set up multiple companies. The company structure can be parallel, i.e., sister companies, parent-child com