Setup of a new company on Peachtree

We will open Peach tree software and following window will appear:

We will click on the button of “set up a new company ” and following window will  appear:

This is the introductory window which guide us through the new company setup phase.

 Now by clicking next we have the following window:

In this window we are required to give information about the company. Company name is the most important thing that must be written. Be careful that the company name must not be the name of existing company. After giving information and by clicking next button this window will appear:

In the first option we can set up a new company by using simplified chart of accounts.

In the 2^nd option, we may choose the chart of accounts from one of the sample company’s sample given.

In 3^rd option, we can copy the chart of accounts from an existing peachtree Accounting company.

In 4^th option, we may convert the chart of accounts from another accounting program.

In the last option, we may build our own company.

We will select the last option in this window and will click next. The next window will be:

In this “Accounting method” window we will be asked for selecting the accounting method that is accrual or cash. We will prefer the accrual and click next button.

Posting method is the next window that will be appear and there are two options “Real time” and “Batch”. The preferable is “Real time”

After clicking the next button following window will be shown:

Accounting period is the next window. We will select the “12 monthly accounting period” and click the next button.

Wer will define the month  and year of starting and ending. By clicking next we will have:

This is the last step to complete the “New Company Setup” and we will click the finish button. We will have our account like: