setup a new company

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Set up of a new company

We will open peachtree software and we will find the followimg window

Then we will go to a setup.Here there are four options.

This is the introductory window which tells us about the company setup phase.here we will provide information about company name, address, email address telephone etc

Now there ere charts of accounts and we will will select one of the options.chart of accounts is the list of general accounts which are used to classify the information for specific purposes, you can seslect chart  of accout according to your busuness needs. Now we will select  first option. And if we want to make chart ofaccounts of anyother company then we will make on anyyher software.

Now we will salect accrual accounting method. In this method we will record cash when we receive biils from vendors and when we receipt to customers. So many companies use this method.

There are two options real time and batch method and we will select real time method.

There are two accounting periods if we want to select accounting period of 12 months then select one other wise second option.

Here we have to chosen monthly accounting periods.if we want to start our business from January then ending period will be 31 december.and second option is thatin which date we will enret our  transacting data and third option is that in which date we will enter our payroll.