Setup a new company

We will open the Peachtree software to setup a new Company.

Click on the start menu and then open the Peachtree accounting 2004.

Click on the setup a new company and then open the following window this is introductory window.

This window provides the introduction about the software. Read this information and then click on the next button.

Open the company introduction window display following

Write the company name ,address ,city ,country and other blanks on this window company name is must written on this window and then click the next button

Open the charts of accounts window display following

Select any one option which is suitable for company the five options is given on the window

First option is for the new retail, services, construction, Manufacturing, or Distribution Company using simplified chart of accounts.

Second option is for a new company using extensive chart of accounts

Third option is for the company not wants to make its own chart of accounts copy the existing Peachtree Accounting Company.

Forth option is for company convert from another accounting program.

Fifth option is for the company wants to build your own accounts.

And then click on the next button

Open the Accounting Method window display following

These are two types of accounting methods

Accrual in which income is recorded as your invoice customers

Cash is recorded when cash is received and expenses are recorded and expenses are recorded when paid.

Select any one and then click the next button

Open the window of posting method display following

These are two types of posting can use in Peachtree system first is real and time and second is batch

Real Time: Transaction are posted to the general ledger as they are entered are saved.

Batch: Transactions are saved by the program and the posted in a group.

Select any one option and then click the next button.

 Open the window of Accounting period display following

Accounting period is very important it describe the accounting period of the company .most companies use 12 months accounting period.

Select any one option and then click the next button

Open the window of monthly accounting periods display following:

 click the next button.

Open the default window display following:

Read the default window it about vendor information, inventory costing information and customer information.

Click the next button

Open the congratulation window display following:

Congratulations window tells you setup a company in Peachtree software.