How to setup a new Company

              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.