Set up a company

Open  Peachtree software to set up the new company the following widow will appear

Click on set up a company. The following widow will appear

Then we click on next then another dialog box will appear

We fill  the requirements in the box that our company name etc then the widow will like as

Then press next the following widow will appear

There are five points in this widow. Which are:

Set up a new retail,sevice ,construction, manufacturing or distribution company, using a simplified  chart of account.

Set up a new company using an extensive chart of account from one of  many sample of companies

Copy from an existing Peachtree accounting company.

Convert a company from another accounting program.

Build your own company.

Then select build your own company and press next then following widow will appear .

There are two options in accounting method “accrual and cash”

From the above widow chose the option of ‘accrual’ then click next then following widow will appear

From the above window there is two option “real time and batch” Then chose ‘real time ‘from option and click next. The following widow will appear.

There are two option in accounting period then click on “12 monthly accounting period”

Then click next selecting accounting period .the following widow will appear.

Then set the information and click next the following window will appear

Then click next the the following window will appear

Then press on finish our company will be set.

                                               How to maintain a chart of account on Peachtree

Firstly open the Peachtree  then a window will appear as

from the above widow there is an option of “ maintain” click on it then a drop cap will appear then click on chart of account.the window will appear.

There is an options from the above window such as

Address id

Description

Account types

Then enter the requirement such as

Enter the code in address id e.g 105

Then enter the description such as cash in bank .

And the give the “account types” such as cash.

The chart of account is prepared.