Set up a new company

first we select the software PEACH TREE than the following window will open

  

After opening the software,select the statement set up a new company selecting the set up a new company the following window will be show.

This is an introductory window that tells us what information we should have to proceed with the new company setup.

In the above mention window there is a personal information from like company name ,address,city,zone,website,and e-mail etc.after filling all the selected the next key and the next window will be a following.

Its tells us about the chat of accounts from here we select the bulid your own company and then select the next key and the new window will be as following.

That’s tells us about the accounting method we select the accrual method and next key will be select to following.

We select the posting method that means whearever we record the transaction it effects will appear in all relevant head of account and then select will be window show on.

Its tells us about the unit of time that divide our fincal year for reporting purpose and we select the 12 months accounting period according to our requirement and then select will be show on.

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.