SETUP OF A NEW COMPANY IN  PEACH-TREE

After the start of the program the following screen will be appear.

To establish a new company so we click on this option;

“Set Up A New Company”

And follow the next instructions.

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

Now by clicking NEXT.

Now we have a new screen which is the name of “New company setup- Company information”.

We have to type the company information such as Company Name, Address, Telephone No., Business type etc. Now we field provided information carefully and then we click on the NEXT button.

Now we have another new screen which we have provided several methods to setup the Chart Of Accounts.

Here if we can chose charts of accounts already developed by the software of many sample companies then we select anyone in the first two methods. And if we can copy charts of accounts from existing Peachtree company then we can select anyone of the radio button 3^rd and 4^th methods. And if we can build your on charts of accounts then we select the last method. After selecting anyone method then we click on the NEXT button. Then we move on the next step.

The next step will be chose “Accounting Method”. There are two accounting method Accrual Method and Cash Method.

Accrual method is usually followed, where we accrue expense and income weather paid or received or not. And Cash method is usually followed, where we revenue and expense recorded when actually received or paid. Now we select anyone method and then the clicking on the NEXT button.

Next phase will be to chose the “Posting Method”. In posting method we have two method Real Time Method and Batch Method.

By selecting the Real Time posting method the transactions are posted to the General Ledger as they are entered and saved While in Batch, transactions are saved by the program and then posted in a group. This allows you to print and reconcile the transaction and then to save. Now we click on the NEXT button.

Then in the next phase we have to select the accounting period.

Normal accounting period is 12 month accounting period. Now we click on the NEXT button.

In the next step, you have to chose the month when the accounting period will start and the month when first time the transaction will recorded.

By clicking next “Congratulation” screen appear and by clicking finish the company set up completes.

Now we click on the FINISH button.