HOW TO SET UP A NEW COMPANY

Setup up a new company in peach tree

To setup a new company We click on the button “set up a new company”.

When we have done with clicking on that following window will display:

This is a introductory window which guide us through the new company setup phase requiring us know to about these five bullets which will be asked further in making of a company.

When we click on the Next button following window will appear showing that we have to fill up the basic information about our company. The software will save the company information in the C drive in program file with a name we wrote in company information.

After filling up the basic information of our company such as name telephone no, business type etc. we click on the next button and following window will appear:

This window is showing the chart of accounts Peachtree is providing us for setting up a company, so we choose the build you own company option as we want to build a new company.  And then click on the next button and the following window will display:

This window is showing two Accounting Method peach tree is providing to run your business Accrual and Cash. We will choose the Accrual method which is normally used in the business, then we click on the next button and the following window will display:

This window is showing two methods of Peachtree accounting which can use to process transactions. We will choose the Real Time Method

As this method is mostly used by the companies. Then we move further and the following window will display:

This window is showing that in Peachtree Accounting you can divide the fiscal year into as many as 13 periods.  We will choose the 12 monthly Accounting period which is mostly used by the companies. Then we click on the next button following window will display will appear:

This window is showing as u have selected the monthly Accounting period. Peachtree will automatically setup your first two fiscal year based on:

·       When do you want you first fiscal year to start.

·        What is the first month you will be entering data.

·        What is the first year you will be entering payroll.

After that we move to the next the following window will appear:

This is a congratulations window showing that we have completed the information for setting up a new company. many defaults have already been setup for you and you change the default options any time in Peach tree Accounting.