Is it possible to duplicate the entire site?

I want to basically clone my site. I don't want to go through all the trouble of setting it up again from scratch (setting permissions etc.). I just want to have an exact duplicate of my site, but with a different domain name. Anybody know if theres an easy way of doing this? I assume the first thing I do is get another hosting account, then setup a database and assign a user to the database, but what about everything else? Thanks for any help

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http://www.boonex.com/trac/dolphin/wiki/GenDolFAQs#Ineedtotransfermysitetoanotherfolderserver.WhatdoIneedtod

Thank You for replying. I'll give it a try. Thanks