Set up a new company in Peachtree:

Double clicking on the Peach tree software, the following screen appears.

In order to create a new company, click on the second option which says like set up a new company.After clicking, the following window appears which states the requirements to be filled in before setting up new company.

When we click the next button on the above drawn figure, a window will appear which is similar to below window.

This window requires the company name, address, telephone number, city, state,website and email. The minimum information to be entered is company’s name. After entering the information, press ‘NEXT’ button.

After pressing the next button the following window will appear. It gives us the option of setting up the company in different methods. It may be of construction, service, manufacturing etc.

The second option tells to setup through extensive method through the help of sample companies or we can copy company from another accounting program. The last option would be selected if we want to build our own company.

After clicking next button, following window appears which looks alike the following one. It basically wants us to choose the accounting method for the new company. The two available options are accrual and cash.Where transactions are recorded regardless of the cash received is considered as accrual accounting method. And where transactions are incorporated on the cash basis only follows the cash method.

After clicking the next button, new window appears requiring the posting methods of the proposed company. It may be real time where transactions’ effects are incorporated immediately in all the statements of accounts or the Batch method where transactions’ effects take place after a certain period of time or transactions

After choosing any of the radio buttons, click next button and the following window will appear.

Here we have to choose our accounting period which would be followed in the company.

    Again, click the next button located at the bottom of the window and following below given window will appear.

 It wants us to enter the monthly accounting dates and date of fiscal year to be followed in this company. After selecting the months and fiscal year of the company click next button once again. 

     After clicking the next button the congratulations window will appear and greeting us that all required information is completed and a new company has been opened in Peachtree software.

Click on the FINISH button and software will show this window. This is the welcome page of our business in which various options are given to navigate through all the business.