setup of a company

Setup of a new company:

Open peach tree software the following screen will appear: To establish a new company click “setup a new company” option

After it following introductory screen will appear that gives the following information now click on the next button.

By clicking on the next we have the following information such as company’s name, address, telephone no etc. after filling these information click on next

In this screen you can see the several methods to setup the chart of accounts. In first two methods software will automatically develop the chart of accounts. In next two methods you can copy the chart of accounts of an existing company but, if you are going to open a new company then click on the

“Build your own company” and press next button.

In this step you will choose “Accounting Method” . There are two methods Cash and Accrual choose one of them and press next

In this phase you have to choose “posting Method”. By selecting the Real Time posting transactions are posted in ledger as they are. But in Batch Method transactions are saved by the software and then posted in a group.

Then in the next phase you have to select the accounting period. Normal accounting period is 12 month accounting period. After selecting click on next.

Now you have to choose the month when the accounting period will start and the month when first time transaction will recorded

By clicking next “congratulation” scree n appear and by clicking Finish the company setup completes.