Set up a new company

Set up a new company Peach-tree

Step no 1:

First we run the program of Peach-tree and the window that was open contains the following information:

·        Open an existing company

·        Set up a new company

·        Learn about Peach-tree accounting through an online tutorial

·        Explore a sample company

·        Convert from quick books or one write plus company

·        Close the window

As we have to set up a new company. So we click on the second option.

Step no 2:

The new company will be set up Peach-tree Accounting option. It tells us that we need to set up a new company. There are some buttons that are which helps us to move on next or previous window, help or cancel the setup. So we can click on next button.

Step no 3:

After clicking on next button the next windows comes that is Company information.

In company information we have to give the name of company, address lines, city, state, zip, country in which you are running the business, telephone number, fax number, type of the business and website and email address. And click the next button again.

Step no 4:

After the company information the new windows contains the several method of chart of account Chart of accounts.

Peach-tree provides us the five methods of to set up your new company. So from these five types we can click on last option that is set up a new. And click the button of next.

Step no 5:

After moving forward the new window of accounting method will appear.

In this window Peach-tree provides us two types of accounting methods to run your business

1.       Accrual

2.       Cash

If we are running our business on accrual basis then we click on the option of accrual and if business is on cash basis then we chose the option of cash.

Step no 6:

Posting method:

There are two methods Peach-tree accounting can use to process transaction.

·        Real time

·        Batch time.

Step no 7:

Accounting period

Accounting periods are units of time that divide your fiscal year for reporting purpose. In Peach-tree accounting, you can divide the fiscal year into as many as 13 periods. Most company use monthly accounting periods (where the units match the 12 calendar months.

Step no 8:

Monthly accounting periods

You have chosen monthly accounting periods. Peach-tree accounting will automatically setup your first two fiscal years based on the information provided below.

Step no 9:

After clicking the next button finish window will appear that finish your set up and create your new company. You can just press the finish button and Peach-tree accounting is ready for use.

 click finish to close the wizard: