setup of a company in peachtree

Setup of a company

To setup a new company in peach tree  click the icon of peach tree and the following screen would appear

From this screen click on setup a new company. A wizard will start on the introductory window.

Then click next to start and a company profile window will appear .

Then fill the required fields in the company information and click the next button. Then the chart of accounts window will appear

There are 5 options given in this charts accounts section

·         By selecting the first option we can get the chart of accounts for the retail, service, Manufacturing or distribution company which has been produced by the software itself and they can be modified according to the user. If your click this option and click next  we will seethe following window.

Now by clicking on the button View charts of accounts. Following chart of accounts would appear.

·         To get the chart of accounts of any sample company which have been produced by the software itself. By selecting this  option and then clicking next we would see the following option.

·         Third one allows you to get the charts of accounts from any previously existing company in the software .

       

·         To change the accounting program. The software would ask you that which accounting system would you like to choose for your accounting program accrual or cash basis.

Then the software would require that how do you want to process your transaction real time or batch. Real time means the transactions are processed by  the software as they r processed and saved. Most of the companies use this system for their transactions. Batch means that the transactions are posted and then processed in a group. This option allows printing the registers and analyzing group of transactions before posting to the journals.

Then by clicking next the software would require the accounting period for your company the accounting period is generally made with the calendar of 12 months but there is an option if you don’t want to go with the calendar months and use an accounting period of less than or more than 12 months.

After you select the accounting period click next and then we would see a window requiring monthly accounting period.  This means that from which month of the year the accounting period would start and when are we starting to enter the data or the entries in the software. For example most of the companies use the accounting period starting from 1^st July to 30^th June. So you just have to select the month when your accounting period is starting.

 And then select that when are you starting to enter data or transactions into your software of the company.

Once you are done all of it then you going to get the congratulated by the system. Then click finish to save all the data you have entered of your company and start

·         To build your own chart of accounts for your company

In this follow the same  procedure as used above for the fourth option

Once you have clicked on the option of finish the software would automatically save the data and make a folder in the program files listed in C drive

To see that click My computer  à then C drive à  then click program files àthere would be a folder of peach tree in that then click that à  there would be a folder of company click that à there would be a folder placed in there with the name of your company.

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