How To Open “ Peach-tree Accounting”

How To Open “ Peach-tree Accounting”

This window shows the options that what we want to do. You want to open an existing company, Set up a new company, Learn about Peach tree Accounting through an online tutorial, Explore a sample company, Convert from a Quick-books or One-Write plus company, or Close this window. So we want to open new company so we click on “Set up a new company”

After clicking on “Set up a new Company” a new introductory window open in which we have tell Name and Address , Chart of Accounts, Accounting Methods, Posting Methods and Accounting periods of the company. We click next button to proceed.

In this window we have to tell Company Name, Address, City, State, Zip, Country Business Type, Email, Telephone, Fax. After giving information we click next.

In this we have to mention the “Chart of Accounts” whether we are Construction, Manufacture or Distributor. You are using existing chart of accounts, Copy of existing company, convert another accounting program or to build your own company. Then we click on “Build your own company”

Clicking on “Build your own company” a window open in which “Accounting Method”. There are two types of accounting methods First is Accrual Basis  second is Cash Basis. In Accrual income is recorded as you invoice customer and expenses are recorded when you receive bills from vendors. Most companies use this method. In cash income is recorded when cash is received and expenses are recorded when paid. Once you choose the accounting method it didn't change.So we click on “Accrual” and click on next button for further proceed.

After clicking next window open of “Posting Method”. In this window we have to select the posting method for our transactions. There are two types of posting Real Time and Batch. In Real Time transactions are posted to the general ledger as they are entered and saved. Most of the companies use this method and in Batch transactions are saved by the program and then posted in a group. This method allows you to print registers and analyze a group of transactions before posting the journals. and u can change posting method at any time. Selecting “Real Time” option and click next.

A window opens in which “Accounting Periods” are mentioned. There are two options are displayed on the window. One is 12 Monthly Accounting Periods and second is accounting period that do not match the calendar months. Select “12 monthly accounting periods” and press next button.

In this “Monthly Accounting Periods” you have to choose monthly accounting periods. Peach tree Accounting will automatically set up your first two fiscal years based on the information provided below:

1, When do you want your first fiscal year to start? 2, What is the first month you will be entering data? This year should be mentioned carefully. In last What is the first year you will be entering payroll? Select your desire years and then press next button to proceed. 

In this last window the software “Congratulation” you to finish your setting up “ Peach tree Accounting Company” with full information you give to the software. Click “Finish” button to finish the setup windows “Click Finish to close the Wizard”

This shows your information is “Creating data Files”

Finally this window will appear in front of screen which means your company is build in “ Peach tree Accounting”