Create an administration

Step by step

1. 1Open Administrations and choose Create administration.
2. 2Enter a recognisable administration name, select the required legal form and check that the Netherlands is shown as the fixed country.
3. 3Review Tax return type next to the legal form: IB, VPB or No IB/VPB. Sole proprietorships and general, professional and limited partnerships receive an IB suggestion; the other legal forms receive VPB. Change the suggestion when your situation differs.
4. 4Enter the Chamber of Commerce number, VAT ID and address only when applicable, then select the accounting currency and timezone.
5. 5Choose the start and end dates of the first fiscal year from the actual reporting period. A fiscal year need not always equal the calendar year.
6. 6Check that your plan has capacity for another active administration you own.
7. 7Choose Create administration and then open the workspace.
8. 8Review Administration details, the chart of accounts and required VAT setup before making financial postings.

What is on the screen?

• Administration name and required legal form
• Required tax return type: IB, VPB or No IB/VPB
• Fixed country: the Netherlands
• Optional business and address details
• Accounting currency, timezone and start and end dates of the first fiscal year

What happens next?

You own the new administration and receive a separate workspace. Country and legal form cannot be changed through the normal administration-details form after creation. The standard chart and first fiscal year form the starting point for your further setup.

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