SETUP OF
A NEW COMPANY
We want to open a new company on Peach tree and here
are the following steps to setup a new company:
STEP 1:
First we go on Peach tree software. Open it; it will
appear like this;
Step 2:
Then click the option “Set up a new company”. It
will give you an introduction that what steps been occurred to create a new
company. Read it carefully and follow these steps. By clicking on that option
it will show you this page;
Step 3:
When introduction page has been shown to you, click
next button to move on. It will appear “Company Information”. Fill the
necessary blocks to create a new company.
You have to fill
1
. Company name
Address 1
City, state, zip
Country
Telephone
Fax
Business type
Step 4:
By filling necessary things to create your company,
clicks “next” to move on. It will appears you “Chart of Accounts”
In that, you choose “built your own company” as you
are creating your own charts of accounts, and move on by clicking “next”.
Step 5:
After chart of account, it will appear “Accounting
Method”. In accounting
method two options are given;
1.
Accrual
2.
Cash
Choose option
“accrual” and move on.
Step 6:
After completing
accounting method, the Peach tree will show you “Posting method”
There are two methods
that Peach tree accounting provides;
1.
Real time
2.
Batch
In real time, the
transactions are posted to the general ledger as they are entered and saved.
This method is useful
for a company as compared to BATCH.
So we choose REAL TIME method
and move on.
Step 7:
Then it will appear
you “Accounting periods”. In accounting period it will provides you two
options;
1.
12 months accounting periods
2.
Accounting periods that do not match
the calendar months.
We choose 12 months
accounting periods because company should know day to day transaction have been
done. And it will show the good system of a company.
Step 8:
The next it will
appear you the “Monthly Accounting Periods”.
Whatever you choose
month for your company to start, the fiscal year, your entering month will be
next to your fiscal ending year.
Then click “next”.
Congratulation your
company has been setup by doing all these steps.













