SET UP A NEW COMPANY

SET UP A NEW COMPANY

First we select the software “PEACH TREE”, than the following window will open

After opening the software, the following information is mentioned like

Open an existing company

Set up a new company

Learn about peach tree

Explore the sample company

Close the window

But we select the statement “SET UP A NEW COMPANY”.

Selecting the set up a new company the following window will be shown

That tells us about the information that must be needed like company name, chart of accounts, accounting methods etc. After reading all the information then select the “NEXT” key then it shows the following window

In the above mention window there is personal information form like company name, address, city, zone, website and e-mail etc. After filling all the spaces select the next key and the next window will be as following

It tells us about the chart of accounts from here we select the “BUILD YOUR OWN COMPANY” and then select the next key and the new window will be as following

That tells us about the accounting method and we select the ACCRUAL BASE METHOD and then next key will be select and new window will be as

We select the POSTING METHOD that means whenever we record the transaction it effects will appear in all relevant head of accounts and then select key will be selected and the window will 

It tells us about the unit of time that divide our fiscal year for reporting purpose and we select the 12 MONTHS ACCOUNTING PERIOD according to our requirement and then select the next key and the next window will be as following

It is about your MONTHLY ACCOUNTING PERIOD and software will automatically save it for two fiscal years then select the next key and the window will be as following

Last but not the least there is window that congratulate you after finishing all requirements and information that require is given and then click FINISH to close the wizard and the data will be save.

charts of accounts

CHART OF ACCOUNTS

“Chart of account means a chart where a list of accounts along accounts code, description as well as account type.”

HOW TO FORM A CHART OF ACCOUNTS?

Open the main window or you can say log in your account and the window will be as following

Select the PEACH TREE SOFTWARE and the window will be

First of all for chart of accounts first we open the “PEACH TREE SPFTWARE”, after this open the existing company the window that open as following

Now from the main bar select the MAINTAIN KEY and then list will be open like as following

In the list there is

§  Customer prospects

§  Vendors

§  Chart of accounts

§  Inventory items

§  Job cost

§  Fixed assets etc and then select the “CHART  OF ACCOUNTS”

After selecting the chart of accounts the window that will open as following

In this there is on the top ACCOUNT ID

Then DESCRIPTION

And then ACCOUNTS TYPE

In the accounts id we will enter the accounts code that must be in numerical form.

In the description there is name of account means of which item.

In the account type there is type of account.

How to enter chart of account?

§  In the first step we enter the account code in the account id.

§  Press the TAB KEY after this add the description.

§  Again press the tab key and then account type will be select from the given list.

§  Press the key ALT and S same time so it will be save.

RECHECKING OF “THE CHART OF ACCOUNTS”

For rechecking the chart of accounts that we save move the curser to the LOOK UP key and then select that and the window will be as following

And then select the any row from the list that we want to change

And then move the curser to the “DELETE” if we want to delete this then select the delete key and the window will be as following

In case of change that then move the curser to the “CHANGE” and select that key and the window will be

Enter new “ACCOUNT ID” and select the ok key. The account id will changed.