Setup a new company on Peachtree:

First we start the Peachtree software .After the start of the program the following screen will appear. To estimate  a new company click ‘set up a new company’ option and follow the next instruction.

In next step following introductory screen will appear to guide you the rest of the process. Read all the Introductory we click ‘ next’ as you see in this picture .

In this step you have to type the company information such as name , address , telephone no business type etc . but if you do not want to write all the option you just add the company name and click the ‘next’ batten. As you see in this picture.

In this step you can chose among several methods to setup the charts of accounts. Here you can chose charts of accounts already developed by software of many sample companies, or you can copy charts of accounts from existing peachtree company or another accounting software compatible with peachtree or you can build your own charts of accounts. We select the radio batten in build your own company and click the ‘next’ batten as you can see in this picture.

   In this step we have to chose “Accounting Method” . Three are two method cash and accrual. Accrual method is usually followed , where we accrue expanse and income weather paid or received or not . So we chose accrual method and click “next” batten as you can see in this picture.

In this step you can see the “Posting Method” by selecting the Real time posting method the transaction are posted to the General Ledger as they are entered and saved. While in batch, transaction are saved by program and then posted in group. This allows you to print and reconcile the transaction and then save . so we chose “real time method” and click “next” batten as you can see in this picture .

Then in the next step or phase you have to select the accounting period. Normal accounting period is 12 month accounting period. So we chose 12 month accounting period and click the “next” batten as you can see in this picture.

In the next step, you have to chose the month when the accounting period will start and the month when first time the transaction will recorded. Then we click “next” batten. As you can see in this picture.

By clicking next “congratulation” screen appear and by clicking “Finish” the company setup completes. As you can see this picture.