How to set up a new company

Set up a new company

Set up a new company in Peachtree software includes the following steps:

First, following window will appear:

After appearance of that window, click on “set up a new company”, following window will appear:

This is an introductory window that tells us what information we should have to proceed with the new company setup.

Click on “Next” button then following window will occur:

This is company information window in which we fill out necessary information about a new company i.e. name, address, and website etc.

After filling the company information bars, click on next and following window will appear:

This is chart of accounts window that asks that by which chart of account the new company will be setup. Following are the options that include in chart of accounts window:

·         Set up new retail, construction, manufacturing or distribution company, using a simplified chart of accounts

·         Set up a new company using a extensive chart of accounts from one of many sample companies

·         Copy settings from the existing Peachtree Accounting company

·         Convert a company from another accounting program

·         Build your own company

Click on “build your own company” and then click “next”. Following window will open:

This is a accounting method window which asks by which method we will setup the new company i.e. Accrual or Cash.

Click on accrual and following window will appear:

This is a posting method window that tells that there are two Peachtree accounting can use to process transaction i.e. Real Time and Batch.

Click on “Real Time” and then click “next”. Following window will appear:

This is an accounting period window that asks that either we will commence the new company by following 12 monthly accounting periods or accounting periods that do not match the calendar year.

Click on “12 monthly accounting periods and click on “next”. Following window will appear:

This is another step of accounting period in which we have to tell three things:

·         What do you want your 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 filling the requirements, click on “next” and following window will appear:

This is the finish window. Click on “finish” to end up the process.