Set Up a New Company:

                We will want to setup a new Company then open a Peachtree Accounting then one dialogue box appear:

Now click setup a new company then next dialogue box will show of introduction. This box shows that you will walk you through creating a new company. You will asked about next coming dialogue box your company name and address, charts of accounts, posting methods, and accounting periods. Now click on next button to continue this setup.

   

After click on next button dialogue box of Company information will show on screen. So fill the Company name is compulsory to fill this column. Then company address, write City name also zip Code, Country Name and Telephone number and Write Fax Number. Then what type of business which you are doing. Select this business type. Write e-mail. Then click on next button

 Now Next dialogue box are appeared chart of accounts. Peachtree provides several methods for setting up your company. There are five set ups. But mostly setup in already charts of accounts prepared. So, we want to setup a new company then click “build your own company”.  And click on next button to continue this setup

   After click the “Accounting Method” dialogue box are shown on screen. They provide two accounting methods to run business-Accrual or Cash. In Accrual income is recorded as your invoice customers and expenses are recorded when you receive bills from vendors. So, mostly companies use this method. And in cash income is recorded when cash is received and expenses are recorded when Paid. So we select Accrual. And its Compulsory that once you choose an accounting method, it cannot be changed. So click on next button to continue this setup.

 After click on next button “Posting method” dialogue box will appeared. Now Posting method has two types which we can use to process transaction. One in Real time and second is Bitch. In real time transactions are posted to General Ledger as they are entered and saved. Its effect will apply at same time. And Bitch is Transactions are saved by the program and then posted in a group. So, Mostly companies use Real time. And you can change the posting methods at any time. So click on next button.

After click next button dialogue box will appear is “Accounting Periods”. So this dialogue box asked that which accounting period structure you want your company to use. So 12 month accounting periods and second is accounting periods that do not match the calendar months. So we select 12 monthly accounting periods. Then click on next button

After click on next button you have to choose monthly accounting periods. Peachtree will automatically set up your first two fiscal years based on information provide below. So, usually a company’s fiscal years begun in January and ends in December. So select your fiscal year when to start and when you will be enter data. Now click on next button.

So you have completed the required information for setting up a new company. So This Dialogue box is last. So click on finish button. Then setup creating files of your company.