Set of a new company

Set of a new company

Open Peach tree software for set up of a new company records. Following window will appear

You want to establish a new company so you select the “set up a new company” option. After selecting this option the following introductory window will open

  

The above window guide you the rest off the process. After clicking the next following window will appear

This window will require your company information i.e.  Name, address, telephone no, business type etc. You should have at least write your company name. After fill this and clicking the next the following next window will appear

 The next step is to select the chart of accounts among these 5 options. Here you can chose the chart of accounts already developed by the software of many sample companies for this you will chose the 1^st and 2^nd radio button. Or you can copy the chart of accounts from existing Peach tree company or another accounting software compatible with Peach tree for this you will chose the 3^rd  and 4 rt  radio button. Or you can chose the last option that is “build your own company” for this you will select last option. After selecting last option click next and following window will appear

Here you are requiring choosing the accounting method which you are thinking more beneficial for your company. There are 2 methods

1.      Accrual

           Record the transaction on the occurrence of the transaction.

2.      Cash

           Record the transaction on the receipt and payment of the transaction.

After select accrual accounting method click next then next window will open

In this phase you will chose the posting method. By selecting real time posting method the transaction are posted to general ledger as they are entered and saved. While in Batch, transaction are saved by program and then posted in a group. Select real time and click next the next window will open

Here you are required to select the accounting period. Normal accounting period is of 12 months. Select 1^st option and click next, next window will open

 In this step you will chose the month when the accounting period will start and the month when first time the transaction will recorded. After fill this and click next the last window will open

By clicking finish the new company set up completes.