set up a company

Set up a company

Open  Peachtree software to set up the new company the following widow will appear

Click on set up a company. The following widow will appear

Then we click on next then another dialog box will appear

We fill  the requirements in the box that our company name etc then the widow will like as

Then press next the following widow will appear

There are five points in this widow. Which are:

Set up a new retail,sevice ,construction, manufacturing or distribution company, using a simplified  chart of account.

Set up a new company using an extensive chart of account from one of  many sample of companies

Copy from an existing Peachtree accounting company.

Convert a company from another accounting program.

Build your own company.

Then select build your own company and press next then following widow will appear .

There are two options in accounting method “accrual and cash”

From the above widow chose the option of ‘accrual’ then click next then following widow will appear

From the above window there is two option “real time and batch” Then chose ‘real time ‘from option and click next. The following widow will appear.

There are two option in accounting period then click on “12 monthly accounting period”

Then click next selecting accounting period .the following widow will appear.

Then set the information and click next the following window will appear

Then click next the the following window will appear

Then press on finish our company will be set.

Chart of accounts formation procedure:

1) Firstly open the Peachtree by double click

2) Open the file of given as open an existing company

3)  When window open ,right side of the page we click on the maintain

4) In maintain an option of chart of account is given we

Click on it, and this file is open

5) In this window account ID option is given we write the

Account ID in it

6) By pressing the button Tab we go in next option that

Is description we write the description of the account

7) Pressing Tab we go on next option that is account  

Type and we select the account type 

8) To save it we press the Alt and s in one time and our

Account is save

Correction of the error in charts of account if occur then we flow that steps

Correction of error occur when chart of account ID and type does not match

To correct error we go to the look up button in window

      When pressing the look up, we select the an account and change the ID which is wrongly entered 

   

If account type is wrongly written then we also change it by selecting the account type.

Deleting of the account

When we want to delete an account then we go to the option of delete that is given up on right side of the window and click on it

When we click on it tow option are open yes and no

 

How to enter beginning balances in a chart of accounts

To enter balances in accounts firstly we enter on to beginning balances and this open as

   

When this window opens we select the year according to our year of accounting data

After it we click on ok and show as

and then we enter the balances