SETUP OF A NEW COMPANY

SETUP OF A NEW COMPANY

SETUP OF A NEW COMPANY

Open a Peachtree Software to create a new Company Record.

Following  Window  Will be Appeared:

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

After that next window will be open which name in Accounting New Company Setup:

Following introductory screen will appear to guide you the next  process

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

Business Type.

After that we chose a company name,City,ZipCode,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 different  methods to setup the charts of accounts.Charts of accounts already developed by the software for so many companies or we can copy the charts of accounts from already existing peachtree company or another accounting software related  with this software. we will build our chart of accounts

By clicking next we select a accounting method

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

Accural Method is usually followed where we accrues expense and income weather paid or received or not.

Note:

Once we choose an accounting method, it cannot be changes

Next step will be to choose the “Posting Method”

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

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

In next step we select the month when accounting period will start and month when first Transaction will record.

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