Summary

If you’re signing up as a first-time user, you’ll be directed to a new company page to create your own company.

Additionally, you can create a new company on the ‘My Companies’ page, provided you haven’t reached the maximum limit of owned companies according to your subscription.

We offer two modes: Express and Xero.

• Express Setup
  • This mode provides options for sample actual data or an Excel template-based option.
  • We recommend first-time users to start with the sample data option.
• Xero Setup
  • This mode imports actual data from the Xero API.
  • It’s recommended for users who want to budget from actual ledgers and historical data.

Please note, once you select a mode, you cannot change it later.

However, you can delete a company you own at any time, allowing you to create a new one from scratch for your specific purposes.

Select Setup Mode

Please choose one of the setup modes to create a new company.

Express Setup

Step 1: Actual Data

If you select the “Use Sample Data” option, Forekit will populate your account with simulated actual data for a period of 14 months. If you select "Use Sample Data" option, Forekit will seed simulated actual data. It seed simulated 14 months actual data.

If you choose the “Use Excel Template” option, you’ll be provided with “Download Starter File” and “Upload File” buttons. This allows you to download the template, modify it as needed, and then upload the file.

Step 2: Company Details

Fill in the company name and other fields. If you’re unsure, you can use the default settings. You’ll be able to change these details later on the company admin page.

Step 3: First Budget

Fill int budget name and other options. Use default if you are unsure.

You can change the details later on my budgets page. 

You can refer to the [Budget Details] for more information.

Step 4: Submit

After clicking the “Submit” button, you’ll be directed to the default budgeting page. You can now begin your budgeting journey using either actual sample data or data from an Excel file.

Xero Setup

Forekit integrates with Xero APIs to import actual data and organization information from Xero.

The following actual data will be imported into the Forekit system:

• Accounts (Ledgers)
• Reports - Profit and Loss, Balance Sheet
• Invoices & Bills
• Payrolls (AU)

Step 1: Connect to Xero

Click the “Connect to Xero” button to open the Xero Login Popup screen. Proceed by logging into your Xero account. If you signed up with Xero, the page shows the connection status.

You’ll be directed to a page that confirms Forekit’s access to the Xero API. If you agree, click the “Allow access” button.

You will be redirected the setup page with connection status.

Step 2: Company Details

After selecting your Xero organization, most fields will be automatically filled with information from Xero.

If necessary, you can override the company detail fields.

Please refer to the Express Setup / STEP 2: Company Details section above for guidance.

Step 3: First Budget

Please refer to the Express Setup / STEP 3: First Budget section above for guidance.

Step 4: Submit

Click the “Submit” button to navigate to the default budgeting page.

You can either wait for the “Importing” progress to finish or explore the features while the data is being imported.

Once the “Importing” process is complete, the importing widget will indicate its completion. Click the “Reload for new data” button to refresh your budgeting page with the imported data.

You’re now ready to start your budgeting journey with the imported actual data. Enjoy!