# Setup

## Setting up the accounts structure

After you’ve activated the Account Module the module configuration will run the Create Chart <wizard-account.create_chart> wizard and allow you to create your Company’s <company:model-company.company> accounts structure from a template. It is normally a good idea to do this at this point, if you can.

This will use the Templates <concept-account.template> from your selected Account Template and create things like a Chart of Accounts <model-account.account>, the Account Types <model-account.account.type> used to generate the balance sheet and income statements, and appropriate Taxes <model-account.tax>, Tax Codes <model-account.tax.code>, and Tax Rules <model-account.tax.rule> to go with them.

Tip

If skipped running the Create Chart wizard you can always run it later from its main menu item.

## Creating a fiscal year

In order to be able to record any of your company’s transactions in Tryton you must first create a Fiscal Year. This is because every account move happens during an accounting Period, and each period belongs to a fiscal year.

You can create a new Fiscal Year <model-account.fiscalyear> from the [Financial ‣ Configuration ‣ Fiscal Years ‣ Fiscal Years] main menu item.

Tip

The start and end of a fiscal year may align with a calendar year (1 January to 31 December) in which case it is common to use the year as its name.

It is not essential that a fiscal year and calendar year align, in fact a fiscal year may be longer or shorter than a calendar year, depending on your country’s legal requirements and financial reporting standards.

Once you have filled in the required information the Create Periods <wizard-account.fiscalyear.create_periods> wizard allows you to create a set of standard Periods <model-account.period>. You should choose an appropriate period length for your Company <company:model-company.company>, bearing in mind some reports are generated based on periods, and periods allow you to build up your accounts in smaller chunks.

Tip

Tryton also provides easy ways of Creating additional fiscal years.