setup of a new company

Setup of a Company

We will open software called peachtree then a window will appear we have to choose setup a new company

Now we will click on setup a new company there a window will appear

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

Now we have to press the Next button here the company information has to be given and initials have to be filled

Now click on the Next Button… here it will be asking about chart of accounts where we have to provide several methods for setting up your company where we have to select build up your own company and then press Next

Now a window will appear asking about the accounting methods we by selecting an Accrual Method simply press next button

Now posting method would be the real one

We  choose accouting periods according to our company setup accounts where we select 12 monthly accounting period which a normal accounting period.

Now within a next step we’ve to choose a month when the accounting period will start and the when first time the transaction will be recorded.

Now click on “Next” and then select “Finish” here the company set up completes.