Set up of company

Step: no: 1: Peachtree accounting

First we run the program of Peachtree and the window that was open contains the following information:

·        Open an existing company

·        Set up a new company

·        Learn about Peachtree accounting through an online tutorial

·        Explore a sample company

·        Convert from quick books or one write plus company

·        Close the window

As we have to set up a new company. So we click on the second option.

Step: no: 2: Introduction

Then we will click on set up a new company and we find the new company setup window as introduction to the company.

In this we asked about:

• ·        Company name
• ·        Company address
• ·        Chart of accounts
• ·        Accounting method
• ·        Posting  method
• ·        Accounting periods

Then after reading all information then we click the next button for next step

Step: no: 3: Company Information

After clicking on next button the next windows comes that is Company information.

In company information we have to give the name of company, address lines, city, state, zip, country in which you are running the business, telephone number, fax number, type of the business and website and email address. And click the next button again.

Step: no: 4: Chart of accounts

After writing the company information the next step we get is of chart of accounts in these we include the several methods for setting up our new company.

Chart of accounts includes some company information to setting a company

• 1.     Set up a new company which include retail, service, construction, manufacturing or distribution company of accounts.
• 2.      Use the accounts of any extensive company as sample.
• 3.     Copy the setting of any already existing Peachtree accounting program.
• 4.     Convert a company program from another accounting program
• 5.     Build your own company

By selecting any option from above  5 options then we click the next button to show our next step.

Step: no: 5: Accounting method

After moving forward the new window of accounting method will appear.

In this window Peachtree provides us two types of accounting methods to run your business

1.       Accrual

2.       Cash

If we are running our business on accrual basis then we click on the option of accrual and if business is on cash basis then we chose the option of cash.

Step: no: 6: Posting method

Posting method

There are two methods Peachtree accounting can use to process transaction.

·        Real time

·        Batch time.

Step: no: 7: Accounting periods

Accounting periods are units of time that divide your fiscal year for reporting purpose. In Peachtree accounting, you can divide the fiscal year into as many as 13 periods. Most company use monthly accounting periods (where the units match the 12 calendar months.

Step: no: 8: Monthly accounting periods

You have chosen monthly accounting periods. Peach tree accounting will automatically setup your first two fiscal years based on the information provided below.

Step: no: 9: Finish

 After clicking the next button finish window will appear that finish your set up and create your new company. You can just press the finish button and Peach tree accounting is ready for use.