Peachtree Accounting  Software

Setup of a new company

First when we want to make  a new company in this software . Open a software window for setting up of a new company.  When we click the software then the window will appear:

Following options are given in this window and we use option second because “set up a new company” . Click the “set up a new company” option .

After clicking the “set up a new company” option then the new company setup introduction window are open and five options are given below.

When clicking on the next button the another window will appear. After click the next button then the new company setup company information window are open. And in this window has following 13 options. We are not 13 options use.In this window fill the company names  because company names is compulsory to fillup.

                                                                                                              

After  clicking on the  next button then new company setup “Charts of Accounts” window are open and in this window have 5 options.Clicking the option 5 Build your own company because we are build own company.

After click on the next button then new wiondow are open company setup “Accounting Method”.There are two types of accounting methods one is “Accrual” and second is “Cash”.

Accrual method:

                          The transaction is recorded on the occurance.

Cash method:

                          The transaction is recorded when cash is received from customers.

Note:Once you select an accounting method, it cannot be changed.

We are select the Accrual method option. After the selection of the accrual method then the new company setup “Posting Method” window are open. In posting method there are two methods Peachtree Accounting can use to process transactions.One method is “Real Time” and second method is “Batch”.

Real time: Transaction are posted to the General Ledger as they are entered and saved.Most companies use this method. Select the radio button and we are also use this method of accounting.

Batch: Transaction are saved by the program and then posted in a group.

                

After click on the  next button then the new company setup “Accounting Periods”. In the next phase you have to select the accounting  period. Normal accounting period is 12 month accounting period.

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.

After the selection of the accounting periods.By clicking next button the new window are open “Congratulation”. Finish the company set up completes.