setup a company at peachtree software

SETUP OF A COMPANY AT PEACHTREE SOFTWARE

By double clicking on the icon of software it will start running and the following screen will appear :

You will see 5 options given on the screen and we have to select option 2 which is “set up a new company”, click on this option and you will experience the following screen

Which is about the overall process to which one will go through to set a new company. Here the 5 steps are mentioned and click NEXT button for further processing which will result in following screen

This is about company information and if you want to go to next strep then you have to write at least the company’s name. the other options are according to USA standards which may not be essential to fill like “Zip Code”, the name of state etc.

By a click on next button the next step’s screen will appear which is given below

This is about selecting your option about chart of accounts. First 3 options allow you to copy the chart of accounts of other company or samples given in software while 4^th option is to convert an existing company on other software to peachtree software. 5^th option is to build your own company’s chart of accounts which we are looking for. The options are “Radio type” so only one option can be selected. Then click on NEXT button for next step which is choose your accounting method and the screen that appears is

The 2 options are given here, first is accrual system which means to record on invoice basis while the 2^nd says Cash system that is to record when payment is made. Once you selected an option, you will not be able to change it.

Click NEXT and step of POSTING METHODS will appear on screen

The REAL TIME option means to record as entries occur in n general ledgers and the software will automatically save the effect on other statements while BATCH system means to record according to own sequence. Real time is usually preferred. These can be change later on as well.

The next step is followed by a click on NEXT button and this is Select an accounting period out of two options. The screen will be

12 month’s option is usually preferred while special accounting period means to adjust your own type etc.

Click NEXT and this will appear

It is about the details of your monthly record of entering data. Fill the starting and ending months of your fiscal year and the month you start your entering data. This was the last step of process and by click on NEXT button will show you the CONGRATULATIONS or FINISH screen which is give below

Click FINISH and your account will be shown by software.