Setup of company

First we start the Peach tree software a window will be appear  on this window there are six options  you have to select any one of them for further process .All options have particular work. So it’s your choice which you want to select. Once you select the option a new window appears related to the selection. if we select a “Setup a new company” Then

When we select the “setup a new company” this window will be appears on this window there are information about the next process that which information are required for further process E.g.  Name, address, Telephone No Business type Etc .Then we press Next button for next process.

On this window we write a name of company at least because some information required for a building a new company so filled “Company Name” option and if you have other data then fill that also. And after this process click on Next button for further process.

On this window there are five options with “Radio buttons” you have to select only one. These options are different information about your company chat of accounts. In the you can create a new retail, construction, manufacturing or distribution. In the 2^nd option you can chose the extensive chart of account from samples companies already existing.3^rd option is you can copy the chart of account from existing Peachtree   accounting program.4^th option another accounting  software compatible with Peachtree or you can own charts of acconts.5^th you can create “your own company” then click on next button for next process.

On this window you can select the “Accounting methods” there are tow methods “Accrual and Cash” Mostly Accrual method used so we can select the Accrual radio button and click on next button for next process.   

On this window there are two “posting methods “Real time & batch”

“Real time “method can post the entries to general & ledger direct after saving or entered.

While in “Batch method” transactions are saved to the program and then posted in a group. This allows will allow you to print and reconcile the transaction and then to save. Then click next button for next process.

On this window you can select the “Accounting period” mostly 12 months accounting period used so we will select 12 monthly accounting periods. Then click next button for next process.

On this window you can select the accounting periods will start and the month when first time the transaction will record. Then click on next button.

On this window you see Congratulation you have completed the information and created the company. Then click on finish button.