Setup of a new company

Peachtree Software

Set up of a New Company

Peachtree: the software of accounting, through which a person can easily get his/her financial reports without recording transaction manually. In Peachtree a person can start, or open an existing company.

When we click on software icon the follow window will open:

Figure 1: Set up a new company

Now, first we click on “set up a new company” because we always start’s company first then do further work. After clicking on “set up a new company” the following wizard will appear, in this wizard the software tells you about five basic things.

Figure 2: Telling Basic Info

After read the following things you have to click on “Next” button to continue the work. And click on “Help” if you have some questions against these things. If you click on “Next” then,

The follow wizard will open and ask you about the detail of your company.

Figure 3: Company Information

You have to enter at least the name of the company for proceeding further. After filling the information regarding company name, address, telephone, etc click on “Next" button. If you have some problem in filling the detail then click “Help” button. By clicking on “Next",

The following wizard will open after click on “next” button.

Figure 4: Charts of Accounts

In this window the software is asking you about five different options of the charts of accounts. First we see all option then we make our own charts of accounts. Now when we select the 1^st option and click on “Next”.

The following detail will open.

Figure 5: New Company Setup-Chart of Accounts

From this wizard you select the company for your chart of account and start working on it. Now as we say that we see all the options and then start new company. So, we are clicking on “Back” to explore the other options.

When we go back the same window (Figure 4: Charts of Accounts) will appear. Now we are selecting the 2^nd option to explore more. When we select the 2^nd option and click on “Next”

The following wizard will open.

Figure 6: New Company Setup-Chart of Accounts

This wizard ask you about the existing companies charts of account from this you have to select the company and his charts of account for your company.

Now as we say that we see all the options and then start new company. So, we are clicking on “Back” to explore the other options.

When we go back the same window (Figure 4: Charts of Accounts) will appear. Now we are selecting the 3^rd option to explore more. When we select the 3^rd option and click on “Next”

The following wizard will open.

 Figure 7: New Company Setup-Chart of Accounts

This wizard offers you to copy the charts of account from an existing company and make it your charts of accounts.

Now as we say that we see all the options and then start new company. So, we are clicking on “Back” to explore the other options.

When we go back the same window (Figure 4: Charts of Accounts) will appear. Now we are selecting the 4^th option to explore more. When we select the 4^th option and click on “Next”

The following wizard will open.

Figure 8: New Company Setup-Accounting Method

This option is about “Convert a company from another accounting period”. By clicking on “Next” you can able to change your company’s accounting period.

Now as we say that we see all the options and then start new company. So, we are clicking on “Back” to explore the other options.

When we go back the same window (Figure 4: Charts of Accounts) will appear. Now we are selecting the 5^th and the last option to work on it. When we select the 5^th option and click on “Next”

The following wizard will open.

Figure 9: New Company Setup-Accounting Method

When we click this option which is “Build your own company”, the software will ask you about the accounting method to choose wither Accrual or Cash, which you select according to your business. After selecting the method click the “Next” button. After clicking on “Next”

The following wizard will open.

Figure 10: New Company Setup - Posting Method

Like accounting method, this wizard asks you about the posting method to chose which are Real Time or Batch posting method. Select one of the posting methods according to your business then click the “Next” button. After clicking on “Next”

The following wizard will open.

Figure 11: New Company Setup-Accounting Periods

Now you have to select the accounting period according to your business. After select one of the accounting periods the click the “Next” button. After clicking on “Next”

The following window will open.

Figure 12: New Company Setup-Accounting Periods

After selecting the accounting periods you have to fill monthly accounting periods. Fill your fiscal year to start, after it fill the 2^nd option which is first month of entering your data, after it enter the first year of your payroll. Press the “Next” button for moving further. After click the “Next” button

The following window will open.

Figure 13: New Company Setup-Finish

This is the last window of set up a new company, which is congratulating you for your successfully completed, the task. Now you have to click on the “Finish” button. After clicking you will be able to process your files.

After clicking the following window will appear.

Now the software is ready to work according to your given tasks. It maintain your daily ledgers you just have to enter the right amounts on right account.