This guide walks you through the complete setup process to record your first transaction in OpenBook. Whether you’re running a service-based DAO (SaaS, subscriptions) or a product-based DAO (retail, coffee shop), this guide has you covered.Documentation Index
Fetch the complete documentation index at: https://docs.openbook.to/llms.txt
Use this file to discover all available pages before exploring further.
Who Is This For?
DAO Managers
Learn how to set up transparent financial records for your DAO-operated business
Token Holders
Understand how transactions are recorded so you can verify the movement of funds
The Setup Flow
Before you can record your first transaction, you need to set up the following:Service DAOs (SaaS, subscriptions, consulting) can skip the inventory steps (5-8) and go directly to recording income.
Quick Overview
| Step | What You’ll Do | Required For |
|---|---|---|
| 1 | Register your DAO | All DAOs |
| 2 | Create Legal Entity | All DAOs |
| 3 | Create Location | All DAOs |
| 4 | Set Up Accounts | All DAOs |
| 5 | Record Income | Service DAOs only |
| 5-8 | Inventory Setup | Retail DAOs only |
| 9 | First Sale | Retail DAOs only |
Real-World Example: Zenland DAO
Throughout this guide, we’ll use Zenland DAO as our example — a protocol for escrow services that needs to record subscription income.| Setting | Zenland DAO |
|---|---|
| DAO Type | Service DAO (no inventory) |
| Legal Entity | Zenland Unregistered |
| Location | Zenland Office |
| First Transaction | X Premium Membership - $48/year |
You can use any descriptive names for your Legal Entity and Location. If your DAO doesn’t have a formal legal structure yet, use something like “DAO Name Unregistered” — the important thing is to start recording transactions transparently.
Let’s Begin
Step 1: Register Your DAO
Connect your CreateDAO.org DAO to OpenBook