SETUP OF A NEW COMPANY

SETUP OF A NEW COMPANY

Open a Peachtree Software to establish a new Company Record.

Following  Window  Will  Appear:

After that we select a the option “Setup a New Company”

Then next window will be open which name is Accounting New Company Setup:

Following introductory screen will appear to guide you the rest of process

By clicking the next we have to type the company information such as Name,Adress,Telephone Num,

Business Type.

After that we chose a company name,City,Zip Code,Country and Business Type  and we Fill this option.

Then click on Next Button

By clicking the we chose Build Your own company

Again clicking the next we can chose several methods to setup the charts of accounts.charts accounts already developed by the software of so many companies or we can copy the charts of accounts from existing peachtree company or another accounting software compatible with this software.we will build our chart of accounts

By clicking next we select a accounting method

There is two types ofaccounting method 1^st is Accrual Method and 2^nd is Cash Method

Accural Method isusually followed where we accure espense and income weather paid orreceived or not.

Note:

Once we choose an accounting method,it cannot be changes

Next phase will be to choose the “Posting Method”

By selecting the real time posting method transactions are posted to the General Ledger as they are entered and saved.ths allows to prints and reconcile the transaction and then save it

Then in this step we select the Accounting period, Normal accounting periods is 12 months accounting period.

In next step we choose the month when accounting period will start and month when first Transaction will recorded.

By Clicking Next Button “Congratulation” screen and by clicking Finish the company set up completes.