To set advanced company settings:

  1. Click Account and Settings (Or Company Settings)
  2. Click Advanced.
  3. Click the edit icon in the section to modify.
  4. Select the checkboxes for the options you want to include.
  5. Click Save.

The Advanced company settings is where you or your accountant initially set up your company. The settings are divided into these categories:


  • Set up the fiscal year and set the closing date
  • Specify your accounting method

Construction Industry Scheme (CIS) (UK only)

  • Enable CIS if you are in the construction industry

Company type (Not Available in Australian and Global products)

  • Select the type of tax form your company uses

Chart of accounts

  • Enable or disable use of account numbers

Categories (Found in the "Company" Tab in Australian and Global Products)

  • Add "class" and "location" fields on your forms


  • Pre-fill forms
  • Automatically apply debits and credits

Time tracking

  • Specify defaults for timesheets, such as adding fields and first day of work week to display

Currency (Available in Essentials and Plus)

  • Select if you accept transactions in foreign currencies

Other preferences

  • Date and number format
  • Customer label (how you refer to your customers—as clients, patients, members, etc.),
  • Warnings about duplicate transaction numbers
  • Waiting time before you are automatically signed out of QuickBooks