After we start the peachtree,we will have the following screen.

As we want to “setup a new company we will click next button.

After click the button,next step appear on the screen.

In this step software show the “Accounting New company setup.

In this step software will provide different information about new company

1 Your company’s name and address

2 Your chart of account

3 Your accounting method

4 Your posting method

5 Your accounting period

After that we will click the next button.

The next step is “Company information, in this step we will give the information on the given blocks.

After filling the blank blocks, we will click the next button.

The next step is “Chart of Accounts, in this step Peachtree provides several methods for setting up your company.

Select one of the following setup options:

1 Setup a new Retail service, Construction, Manufacturing or Distribution Company, using a simplified chart of account

2 Setup a new company using an extensive chart of accounts from one of many sample companies

3 Copy setting from an existing Peachtree Accounting company

4 Convert a company from another accounting program

5 Build your own company

After that we will select one of the following options and click the next button.

The next step is “Chart of Accounts, The chart of account is the list of general Ledger accounts. Which are used to classify transaction information for reporting purpose.

The available charts of the accounts is

1 Retail Company

2 Service Company

3 Constriction Company

4 Distribution Company

We will select one of the following companies and click the button of View Chart of Accounts.

The next step is “Accounting Method, in this step Peachtree provide two accounting methods to run your business –Accrual or Cash.

Select one of the following option Accrual or cash and click the next button.

The next step is ‘Posting method, there are two methods Peachtree Accounting can use to process transaction-Real Time or Batch.

Select one of the following options Real Time or Batch.

After select the option we will click the next button.

The next step is “ACCOUNTING PERIOD “accounting period are units of time that divide your fiscal year for reporting purposes.

In this step we will select one option

·         12 monthly accounting period

·         Accounting period that do not match the calendar monthly

Select one of the following options and click the next button.

The next step is “MONTHLY ACCOUNTING PERIODS” in this step you have chosen monthly accounting periods. Peachtree Accounting will automatically set up your information on your system.

After selecting the year we will click the next button.

After completing the whole process the software show the  congratulation page and new company setup is completed.