Set up of a new company

                          

                   SET UP OF A COMPANY    

STEP: 1

To set up a new company in Peachtree, open the software. Following screen will appear:

                                        

From this screen you can do following things:

v  You can maintain the records of an existing company.

v  You can setup a new company.

v  You can learn about peach tree accounting through an online tutorial.

v  You can explore a sample company.

v  Can convert the data from “Quick book” or “One-write plus company”.

v  You can close the window

Now if you want to setup a new company, from this screen click on “set up a new company”. A wizard will start from this introductory:

STEP: 2

                                  

From the above window you can see the different further steps which are needed in setup a new company, click the button “next”. By doing this a new window will open in which you enter your company information.

STEP: 3

                                

In this you can see many columns regarding your company; you have to fill all of these so Peachtree can save your company profile.

STEP: 4

So after entering your company data about all requirements which are needed in this window, you will press “next”

                                 

STEP: 5

After this, next window will open in which you select your chart of accounts according to your company. You will see different options here and you have to select one of them by clicking any one radio button. The first two options will give you a sample companies chart of accounts through which you select for your company. Third one provides you the opportunity of copy the accounts, fourth will provides you to shift your company to Peachtree from any of other software, the fifth and the last one will give you the option to build your own chart of accounts. So by clicking first option and then press “next”

                                      

STEP: 6

The below window will provide you chart of accounts of different companies, if you find here a company which is somehow relevant to your own company and whose charts of accounts are also needed by you, then press on that company in left column and click on “view chart of  accounts “if we select retail company we select it and see its charts of account.

                                       

STEP: 7

See the chart of accounts shown in the window. If they suits your company select them and click the button “next” for further proceedings.

But firstly I will go back to select the 2^nd option from previous window by clicking on “back”.

          

                             

STEP :8

This is the previous window, now you are going to select further options. The 2^nd option is about the extensive charts of accounts. Select the option and then click “next”.

                                                  

STEP :9

                               

Now in this window you can see the names of companies related to services companies. Now again you can view the chart of accounts of any company by selecting it and then “view chart of accounts”.

STEP :10

Here again you can see chart of accounts of your selected company, we again go back to previous window: 

        

STEP: 11
The 3^rd option is copy settings from an existing peach tree accounting company. We select this option and then press “next” 

                                    

STEP :12
Here are three existing companies. In front of the companies there is a blank box. When you click on the view chart of accounts the chart of accounts of the selected company will appear in the blank box. Such as: 

                                                      

                                              

STEP :13
Select the desired company for your accounts and click the button “next” for further procedure. But first we go back to select the company of our own choice then we will go further: 

                                    

STEP :14           
The 2^nd last option means that you are having another accounting program instead of peach tree and you want to convert that in peach tree then you will select that option.                       

                                    

STEP :15

The last option will tell you that you can build your own company. As we are interested in first option so we select first option and then click on “next” ,because we want to build our own company.

STEP :16

                                   

I will select my desired company such as the service company:

STEP :17

                                     

This window will ask you that what type of accounting method you want. There are two types of accounting methods as we know one is Accrual and the second is cash basis accounting system. Select your accounting method and click next. Do remember that once you have chosen your accounting method it can not be changed. The next window will be:

STEP :18

                            

This window is about the posting method. There are two methods peach tree accounting can use to process transactions, Real-time and Batch. In real-time transactions are posted in the general ledger as they are entered and saved. Most companies use this method. In batch method transactions are saved by the program and then posted in a group. This method allows you to print register and analyze the saved transactions before posting them in journal. Select the method you want and click next. I am selecting real time method. The next window will be:

STEP :19

                            

This window asks you about the accounting periods. Accounting periods are units of time that divide your fiscal year for reporting process. In peach tree accounting, you can divide the fiscal year into as many as 13 periods. Most companies use monthly periods (where the units match the 12 calendar months). Select your accounting period and click “next”. If you have selected the 12 month accounting period then the following window will appear:

STEP :20

                              

As you have chosen the 12 month accounting period the peach tree will automatically set up your first two fiscal years based on the information which you will provide to the software which is asked in the current window. When do you want your fiscal year to start? What is the first month you will be entering data?What is the first year you will be entering payroll?

By putting all the information you will press “next”

                                

STEP :21

                                 

In this window you can see DEFAULTS,the following defaults have been setup for you.You can change these settings at any time by selecting default information from peachtree Accounting’s maintain menu,and then press “next”

STEP :22

                                     

Now you have completed the required information for setting up a Peachtree Accounting company.Click finish to close the wizard.

When you press “finish” you will see the below window which assure you that you have completed the procedure of set up a new company.