Setup a new company:

After starting the program the following window will appear, click “ setup a new company” option and then follow the instructions.

After selecting this option the introductory screen will appear to guide the rest of the process.

Now by clicking “next” option you will have the company’s information screen in which you will give the information of your company such as name, address, telephone no., business type etc. Here very important thing is company’s name and it must be written before moving towards the next option.  

Then again we will click the “ next” option and then the chart of account’s screen will open.

Here several methods to setup the charts of accounts are given. You can chose charts of accounts already developed by the software of many sample companies or you can copy charts of accounts from existing Peachtree company or another accounting software compatible with Peachtree or you can build your own charts of accounts. Then again chose the “next” option and the accounting method’s screen will open.

There are two accounting methods, cash and accrual. Accrual method is usually followed, where we accrue expense and income weather paid or received or not. You will chose the accrual method. Then again click the “next” option and the posting method’s screen will open.

Here by selecting the real time posting method the transactions are posted to the General Ledger as they are entered and saved. While in Batch, transactions are saved by the program and then posted in a group. This allows you to print and reconcile the transaction and then to save. You will chose the Real Time method. Then again click the “next” option and the accounting period’s screen will open.

You will chose the 12 month accounting period because it is the normal accounting period. Then again click the “next” option and the monthly accounting period’s screen will open where you can chose the month when the accounting period will start and the month when first time the transaction will be recorded.

By clicking “next” option , congratulation screen will appear and by clicking “finish”, the company set up will be completed.