Set up of a new company :

Open the Peachtree software by double clicking on the icon of Peachtree to establish a new company record, following window will appear :    

In the opened window you will face 5  different options,  Click on the “Set up of a new company” option and the following screen will now appear on your screens:

Now, here you will experience the 5 things the software will ask you about, after reading the things you will click on the “NEXT” button, and the following window will appear on your screen:

Now, in  this window you will provide  the company’s information , and the things software ask you about, here the company’s name is important to mention, after providing the relevant information you will click on the “NEXT” button , and the following screen will appear:

Here, you will experience several methods to setup the charts of accounts, you will select the last option that is “Build your own company” as  you are setting up a new company, after selecting the last option in the window you again will click on the “NEXT” button, and this screen will appear:

The Next step is to choose the “Accounting Method”. Here are mentioned two accounting methods Cash and Accrual. Accrual method is usually adopted, so by selecting the Accrual option we will proceed further and click the “NEXT” button again, and the following screen will appear:

Now here we will select the appropriate “Posting Method” which is Real Time  posting method, we select Real time because the transactions are posted to the General Ledgers as they are entered and saved automatically. Now we will again click on the “NEXT” button and proceed further :

The next phase is to select the “Accounting Period”, normal accounting period is of 12 months, so by selecting it , we will again click on the “NEXT” button and the following screen will appear:

In the next step we have to choose the month when accounting period will start and also the month the first transaction is recorded, by doing so , we will click on the “NEXT” button and the following screen we will face: 

This is the “Congratulations” screen which indicates that you have completed the required information to process the Peachtree software, after clicking on the “FINISH” button the company set up will be completed.