Setup of a company
First of all we will select Peach -tree from the start menu to
open Peach-tree software and to setup a new company.
After opening Peach-tree software the following window will
appear then click the set up a new company.
In the above window there are 6 options given in a Peach-tree software and as we are going to build a setup of a new company therefore we
will select “set up of a new company” from the 6 options given. By selecting
this option our setup will start for a new company and we can proceed further.
After selecting “setup of a
new company” from the first window which appeared the following window appears:
After clicking on the next button from the “introduction”
window the following window will appear whose name is “company introduction”.
In the previous window it was just showing us the points
which we needed to understand for creating a setup of a company. While this
window is mainly showing us the page kind of “form” in which we have to input a required data of our
company which we are going to build.
In the first bar we will put the name of our company .eg
0009, Umer and Sons etc.
In the second and
third bar given we have to input the addresses of our company e.g.: Lahore
cant.
In the bar of “city, state, zip” we will input the city and
zip or postal code of our company and we have to select out state. E.g. city=
Lahore, postal = 58740 etc
Then in the next bar we will input the country where our
company is situated eg Pakistan.
In the bar of “fax” we will simply input our fax number.
Then from the given options in the bar of “business type” we
have to select what is our company’s business. Which is shown in the following
figure?
Then we have to input our website and email address.
After providing basic information of our company then we
will click on the next button and the following window will appear:
The window of “chart of accounts” will appear.
In this window firstly the main thing is that we can select
only 1 option 5 options given. We will select any one option according to our
requirement. If we select the first option it means that we are going to setup
a new company of any kind and the simplified or basic type of accounts will be
used in it. We can modify the charts later if we want.
If we select the second option it means that we are going to
create a company and we will be using the detailed form of accounts from any
one of many sample companies.
If we select the third option it means we will use same
chart of accounts which we select from any existing company which is already in
the Peach-tree software.
The forth option tells that if we select it we will be converting
a company from another accounting system.
The last option is this that if we select it, it means that
we will use our own chart of accounts for our company.
This window show the charts of accounts.
After this window show the accounting method window in this
window we select the accounting method. Accrual method is use full for the
company.
We use the Accrual accounting method because this method is
use full for the company and then select the “Accrual” option and press the
next option.
After this window show the posting method window we provide
the information of real time and batch.
Most of the company posted the transaction to the general
ledger as they are entered and saved “Real Time” method. Batch method is use
for group transactions. We use the “Real Time” option and then click the next
button.
This window shows the “Accounting Period”.
Most of the company use the 12 month accounting period
because it is preferable. We use the 12 month accounting period because
normally company use the 12 month accounting period and then click the next
button.
After this window show the monthly accounting period window.
This window show the defaults net dues pay in 10 days then
2% discount will be allowed.
Here is the list of all the defaults of payment terms and
credit limit etc. after it we will click on the next button and the following
window will appear.
This window of “finish” will appear which means that we have
successfully created a new company and entered all the basic required data for Peach-tree setup.
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