peachtree

                                Set up a new company

After the start of the program the following screen will appear. To establish a new company click “setup a new company” option and follow the next instructions.

 After selecting the introductory screen will guide you the rest of the process.

Now by clicking the “next” button you will have the screen of company information and you will give the company information such as name, address, telephone no, business type etc. The most important thing to write is company name.

Then by again clicking the next button you will have a screen of chart of accounts you can choose several methods to setup of accounts. Here you can chose chart of accounts already developed by the software of many sample companies or you can copy charts of accounts from existing peachtree company or another  accounting software compatible with peachtree or you can build your own charts of accounts. You will choose the option of build your own company.

Then after that select the next option and a screen of accounting methods will appear.

After that you will see that there are two accounting methods cash and accrual. Accrual method is usually followed, where we accrue expense and income weather paid or received or not.

Then again click the next option to move on and next you will have a screen of posting method.

Then by selecting the real time from the two given options the transactions are posted to the ledger as they are entered and saved.

Then click the next button and you will see a screen of accounting periods.

Then select the 12 month accounting period and click the next button. In the next step you have to chose the month when the accounting period will start and the month when first time the transaction will recorded.

Then after clicking the button you will see a screen of congratulations and by clicking finish the company set up completes.