Set up a new company

PEACHTREE ACCOUNTING SOFTWARE

Set up a New Company

Ø  When we will open the Peachtree software a window will appear.

Ø Following options will appear when you will set up a new company then you will click on the option Set up a new company and a window will appear.

Ø To start working in Peachtree software you have to fulfill all this information. Otherwise you can not proceed further.

Ø You will press the next button in order to make a new company in Peachtree.

Ø When you will press the next button following window will appear.

Ø You will fill the following information in this window.

a)    Your Company Name

b)    Address of the company

c)     Your city name. In case of Pakistan there will be no state or in place of zip code the postal code will be used.

d)    Then you will type your company name.

e)    Your telephone and fax number.

f)      Business type consists of different options like sole proprietorship, partnership, corporation, Limited Liability Company.

g)    Then employee will give his info related to the company.

h)    Then there will be website and email address.

Ø After providing all the information when you will click on the next button the following window will appear.

Ø Charts of accounts will start from here. Now you have to select the following option which is suitable for the company.

a)    Set up a new retail, service, construction, manufacturing, or distribution company.

b)    Set up a new company using an extensive chart of accounts.

c)     Copy settings from an extensive Peachtree accounting company.

d)    Convert a copy from another accounting program

e)    Build your own company.

Ø We will select the last option “Build your own company” and following window will appear.

Ø As we all know the types of the accounting methods.

a)    Accrual Method

b)    Cash Method

Ø We will select the accrual method and then click on the next button then a window will be appearing.

Ø Then there will be the posting methods. And we will select real time here. Then a window will appear.

Ø Then there will be the option of selecting the accounting period.

Ø We will select the 12 month accounting period which is of the one year. And then select the next button and a window will appear.

Ø There will be the monthly accounting periods.

Ø First you have to tell the first fiscal year to start.

Ø Then the first month of entering data.

Ø Then there will be first year of entering payroll.

Ø We will fill the information according to our requirement and click on the next option and a window will appear.

Ø Then our company will be set up and a window will appear that would be a “CONGRATULATIONS” window. When we will click on the “finish” option our company will be set up.