Opening a folder in peach tree software

First we will open peachtree software and this window will appear

After this we will select “set up a new company” for setting up a new company.

After clicking on that following window will appear

This is a introductory window which will guide us through the new company setup phase. It informs us that what info will be required further for setting up a new company. We will select next option to move further.

After selecting the next option the following window will appear

Here we will give out basic information specially our company’s name. after providing our basic information we will click on next option.

When we will click on next option the following window will appear

In the chart of accounts there are five options on the screen. The first option is “set up a new retail, service, construction , manufacturing or distributing company, using a simplified chart of accounts”. this option is for setting up a new retail, service, construction, manufacturing or distributing company by using simplified chart of accounts. Than the second option is “set up a new company using an extensive chart of accounts from one of many sample companies”. This option means to set up a new company using extensive chart off accounts. Than the third option is “copy settings from an existing Peachtree accounting company”. This option means to copy settings from an existing Peachtree accounting company which already exists and is already available. than the forth option is “convert a company from another accounting program”. this option means convert a company from another accounting program. than the fifth option is “build your own company”. this option means to create a new company account.

 Here we will select one chart of account because peach tree provides several charts of accounts. and we will select the option of “build your own company” for building up our own company.

After selecting that option the following window will appear

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Here we have to choose a accounting method. There are two types of accounting methods. One is accrual and the other is cash.we will choose accrual accounting method

After selecting that option the following window will appear

Her we have to choose accounting period. Here are two types of accounting periods.1 is 12 monthly accounting period and 2 is accounting periods that do not match the calendar months. here we will choose 12 monthly accounting periods because we are using 12 month accounting period.

After clicking on that option the following window will appear which means our company account is ready.