{"id":18033,"date":"2026-10-14T17:49:36","date_gmt":"2026-10-14T14:49:36","guid":{"rendered":"https:\/\/support.simplbooks.lt\/?post_type=ht_kb&#038;p=18033"},"modified":"2026-10-14T17:49:37","modified_gmt":"2026-10-14T14:49:37","slug":"how-to-get-started-with-simplbooks-for-a-small-partnership-mb","status":"publish","type":"ht_kb","link":"https:\/\/support.simplbooks.lt\/en\/vartotojo-vadovai\/how-to-get-started-with-simplbooks-for-a-small-partnership-mb\/","title":{"rendered":"How to Get Started with SimplBooks for a Small Partnership (MB)"},"content":{"rendered":"\n<p>Have you established a Lithuanian small partnership (ma\u017eoji bendrija, MB) and want to start using SimplBooks? This guide explains how to configure the basic settings, issue your first sales invoice, record purchases, import bank transactions, and review your company&#8217;s financial results.<\/p>\n\n\n\n<p>This guide is intended for MB managers and team members who handle everyday accounting transactions themselves.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"video-tutorial\" >Video tutorial<\/h3>\n\n\n<div class=\"su-youtube su-u-responsive-media-yes\"><iframe loading=\"lazy\" width=\"800\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/N1MzS14UIsw?\" frameborder=\"0\" allowfullscreen allow=\"autoplay; encrypted-media; picture-in-picture\" title=\"\"><\/iframe><\/div>\n\n\n\n<p>Follow the steps below to get started. Click a section heading to expand the instructions. <em>Note: The video is in Lithuanian.<\/em><\/p>\n\n\n<div class=\"su-accordion su-u-trim\">\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>1. Entering Company Details<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=68s\">\u25b6 Watch in the video (01:08)<\/a><\/p>\n<p>After creating your company, click <strong>\u201cGetting Started\u201d<\/strong> and select the option to <strong>add company details and a logo<\/strong>.<\/p>\n<ol>\n<li>Enter the company&#8217;s registration and contact details.<\/li>\n<li>Specify whether the company is VAT-registered.<\/li>\n<li>Upload a logo if you have one.<\/li>\n<li>Save the information.<\/li>\n<\/ol>\n<p><strong>Important:<\/strong> If your MB is not VAT-registered, leave the VAT number field empty and select the appropriate non-VAT-payer setting.<\/p>\n<p><a href=\"https:\/\/support.simplbooks.lt\/en\/vartotojo-vadovai\/company-profile-setting-details\/\">Read more: Company profile <\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>2. Adding a Bank Account<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=108s\">\u25b6 Watch in the video (01:48)<\/a><\/p>\n<p>Select the option to <strong>add a bank account<\/strong>, or open the bank account settings.<\/p>\n<ol>\n<li>Enter a name for the account.<\/li>\n<li>Enter the IBAN and bank details.<\/li>\n<li>Assign a general ledger account, such as \u201cCash at bank 1\u201d.<\/li>\n<li>Save.<\/li>\n<\/ol>\n<p>We recommend assigning a separate general ledger account to each bank account.<\/p>\n<p><a href=\"https:\/\/support.simplbooks.lt\/en\/vartotojo-vadovai\/banko-saskaitos-ir-kasos-papildomi-keiciami\/\">Read more: Bank accounts and cash registers <\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>3. Setting Up Opening Balances<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=153s\">\u25b6 Watch in the video (02:33)<\/a><\/p>\n<p>For a newly established MB, go to <strong>Accounting \u2192 Transactions<\/strong>, open the <strong>Opening Balance<\/strong> transaction, enter the correct date, and save it, even if all opening balances are zero.<\/p>\n<p>If your company has already been operating, enter the balances from its previous accounting records. We recommend consulting an accountant before doing so.<\/p>\n<p><a href=\"https:\/\/support.simplbooks.lt\/en\/vartotojo-vadovai\/pradinio-balanso-ivedimas-naujai-imonei\/\">Read more: Opening balances for a new company <\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>4. Basic Program Settings<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=187s\">\u25b6 Watch in the video (03:07)<\/a><\/p>\n<p>Go to <strong>Settings \u2192 Environment Settings<\/strong>.<\/p>\n<ul>\n<li><strong>Home page:<\/strong> choose the list you use most often, such as sales invoices.<\/li>\n<li><strong>List length:<\/strong> you can increase the number of visible entries to 50 or more.<\/li>\n<li><strong>Date format:<\/strong> choose your preferred format.<\/li>\n<li><strong>Automatic transactions:<\/strong> check the accounting start date.<\/li>\n<\/ul>\n<p>Save your changes.<\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>5. Sales Invoice Settings and Templates<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=247s\">\u25b6 Watch in the video (04:07)<\/a><\/p>\n<p>Set up invoice numbering (for example, MB-001), the default payment term, and late-payment interest if applicable.<\/p>\n<p><strong>Invoice template:<\/strong> open the template settings, select a suitable template, click <strong>\u201cCopy\u201d<\/strong>, customize it, and save.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=316s\">\u25b6 Template demonstration (05:16)<\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>6. Issuing Your First Sales Invoice<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=356s\">\u25b6 Watch in the video (05:56)<\/a><\/p>\n<p>Go to <strong>Transactions \u2192 Sales Invoices \u2192 New Invoice<\/strong>.<\/p>\n<ol>\n<li>Select the customer and check their details.<\/li>\n<li>Enter the invoice date and payment due date.<\/li>\n<li>Enter the product or service, quantity, and price.<\/li>\n<li>Save the invoice.<\/li>\n<\/ol>\n<p>You can send the invoice directly from SimplBooks or download it as a PDF. To make changes, open the invoice and select <strong>Actions \u2192 Edit Sales Invoice<\/strong>.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=441s\">\u25b6 Sending an invoice (07:21)<\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>7. Creating Services<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=494s\">\u25b6 Watch in the video (08:14)<\/a><\/p>\n<p>If you regularly sell the same services, create them in advance under <strong>Inventory \u2192 Products \u2192 New Product \/ Service<\/strong>.<\/p>\n<ol>\n<li>Enter a service code and name.<\/li>\n<li>Mark the item as a service.<\/li>\n<li>Set the unit of measurement and other details if needed.<\/li>\n<li>Save.<\/li>\n<\/ol>\n<p>You will then be able to select the saved service when preparing a sales invoice.<\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>8. Recording Purchase Invoices<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=559s\">\u25b6 Watch in the video (09:19)<\/a><\/p>\n<p>Your MB may incur expenses for internet access, telephone services, rent, and other business needs.<\/p>\n<p>Go to <strong>Transactions \u2192 Purchase Invoices \u2192 New Purchase Invoice<\/strong>.<\/p>\n<ol>\n<li>Select the supplier.<\/li>\n<li>Enter the invoice number and date.<\/li>\n<li>Select the appropriate expense account.<\/li>\n<li>Enter a description and the amount.<\/li>\n<li>Save.<\/li>\n<\/ol>\n<p><strong>Note:<\/strong> If you are unsure which expense account to use, consult your accountant.<\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>9. Purchasing, Storing, and Selling Goods<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=615s\">\u25b6 Watch in the video (10:15)<\/a><\/p>\n<p>If your MB trades in goods, create product records and a warehouse.<\/p>\n<p><strong>1. Create a product.<\/strong> Go to <strong>Inventory \u2192 Products \u2192 New Product \/ Service<\/strong>. Enter the product code, name, and relevant general ledger accounts.<\/p>\n<p><strong>2. Create a warehouse.<\/strong> Go to <strong>Inventory \u2192 Warehouses \u2192 New Warehouse<\/strong>. Enter the warehouse name and assign its general ledger account.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=662s\">\u25b6 Creating a warehouse (11:02)<\/a><\/p>\n<p><strong>Important:<\/strong> The warehouse&#8217;s general ledger account must match the inventory account assigned to the product.<\/p>\n<p><strong>3. Record purchased goods.<\/strong> Create a purchase invoice, select the product, enter the quantity and price, and save. Check stock levels under <strong>Inventory \u2192 Stock<\/strong>.<\/p>\n<p><strong>4. Sell goods.<\/strong> Create a sales invoice and enter the customer, product, quantity, and selling price. Saving the invoice records the sale and updates stock quantities.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=728s\">\u25b6 Selling goods (12:08)<\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>10. Recording Payments and Importing Bank Statements<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=758s\">\u25b6 Watch in the video (12:38)<\/a><\/p>\n<p><strong>Manual payment:<\/strong> open a sales or purchase invoice, choose <strong>Actions \u2192 Mark Invoice as Paid<\/strong>, and enter the date and amount.<\/p>\n<p><strong>Importing a bank statement:<\/strong><\/p>\n<ol>\n<li>Download an XML bank statement from your online banking system.<\/li>\n<li>In SimplBooks, open <strong>Transactions \u2192 Receipts<\/strong> or <strong>Transactions \u2192 Payments<\/strong>.<\/li>\n<li>Click <strong>\u201cImport\u201d<\/strong> and upload the file.<\/li>\n<li>Review the suggested transaction matches.<\/li>\n<li>Confirm the transactions.<\/li>\n<\/ol>\n<p><strong>Advance payments:<\/strong> a payment received before an invoice is issued can be recorded as an advance. <strong>Bank fees:<\/strong> record these as financial transactions using an appropriate expense account. <strong>MB member contributions:<\/strong> record them as financial transactions using the relevant bank and equity accounts.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=794s\">\u25b6 Importing a bank statement (13:14)<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=883s\">\u25b6 MB member contribution (14:43)<\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>11. Reviewing Financial Results<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=925s\">\u25b6 Watch in the video (15:25)<\/a><\/p>\n<p>Go to <strong>Accounting \u2192 Profit and Loss<\/strong> to review revenue, expenses, and the company&#8217;s profit or loss.<\/p>\n<p>You can also view the balance sheet and other reports. Their accuracy depends on correctly recorded accounting transactions.<\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-none su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>12. Help and the AI Assistant<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=969s\">\u25b6 Watch in the video (16:09)<\/a><\/p>\n<p>For additional guidance, visit the <a href=\"https:\/\/support.simplbooks.lt\/en\/vartotojo-vadovai\/\">SimplBooks Help Center <\/a>.<\/p>\n<p><strong>AI Assistant:<\/strong> go to <strong>Settings \u2192 Integrations<\/strong> and enable the assistant. It can help find answers, analyze accounting data, and prepare invoice information.<\/p>\n<p><strong>Note:<\/strong> Always review information prepared by the AI Assistant before saving it.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=N1MzS14UIsw&amp;t=997s\">\u25b6 AI Assistant (16:37)<\/a><\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"quick-getting-started-checklist\" >Quick Getting-Started Checklist<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Enter your company details.<\/li>\n\n\n\n<li>Add your bank account.<\/li>\n\n\n\n<li>Save the opening balances.<\/li>\n\n\n\n<li>Configure the program settings.<\/li>\n\n\n\n<li>Set up invoice numbering.<\/li>\n\n\n\n<li>Issue your first sales invoice.<\/li>\n\n\n\n<li>Record purchases and inventory, if applicable.<\/li>\n\n\n\n<li>Import bank transactions.<\/li>\n\n\n\n<li>Review your financial reports.<\/li>\n<\/ol>\n\n\n\n<p>For more information, contact us<strong>:<\/strong> <a href=\"mailto:support@simplbooks.lt\">support@simplbooks.lt<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"author":425,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht_kb_category":[],"ht_kb_tag":[],"class_list":["post-18033","ht_kb","type-ht_kb","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb\/18033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb"}],"about":[{"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/users\/425"}],"replies":[{"embeddable":true,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/comments?post=18033"}],"version-history":[{"count":10,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb\/18033\/revisions"}],"predecessor-version":[{"id":18044,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb\/18033\/revisions\/18044"}],"wp:attachment":[{"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/media?parent=18033"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb_category?post=18033"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb_tag?post=18033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}