setup of company

                                                                                  Setup of company

As we want to set up a new company in peachtree

                                       

When this windows open and creat tha new account in peachtree

                                         

This window has account information

                                       

Thi windows has chart of account…..one chose the option

1       setup; Set up a new Retail, Service, Construction, Manufacturing, or Distibution company, using a simplified chart of accounts.

2        Set up a new company based on one of several sample companies.

3       Copy settings from an existing Peachtree Accounting company.

Select this option if you want to copy setup information from another Peachtree company or you are rebuilding a Peachtree Accounting company.

4       Convert a company from another accounting program.

Select this option if you want to import company data from Peachtree Complete Accounting for DOS, Quicken, or some other program.

5       Build your own company.

Select this option if you want to create a company from scratch. This option is recommended only for experienced users who are comfortable setting up accounting information.

Next chose accounting methods

1 ; Accrual

Select this option if your company will use the accrual accounting method. Income is recorded as you invoice customers, and expenses are recorded when you receive bills from vendors, regardless of when cash is actually exchanged. This presents a truer picture of income and expenses. Most companies use this method.

Check with your accountant to determine the method you should use in your business.

2  Cash

Select this option if your company will use the cash-basis accounting method. Income is recorded when cash (checks, money orders, or currency) is received, and expenses are recorded when paid. However, unpaid credit sales and purchases do not show on ledgers, which can present a misleading picture of income and expenses.

Check with your accountant to determine the method you should use in your business.

Next is chose posting methods

We have chose the accounting  posting  methods.

2 posting  methods

Next is accounting period

We have chose the accounting  posting  methods.

2 posting  methods

We have chose 12 month accounting period

Next is chose the accounting month period

Last is you have creat the new accounting congratulation

You have enter the finish button

Thank you

J L