Set up a new company: Now first of all we are going to tell you how to set up a new company using

Peachtree accounting. By double clicking on the software you will get the following page.

Welcome to Peachtree accounting new setup. This wizard will walk through creating a new company. These are five setup you follow and create a new company wizard. 1. Your company name and address 2. Your company chart of accounts 3. Your company accounting method 4. Your posting method 5. Your accounting period

New company information setup. You fill up company name &business type &address &country name telephone number and email address.

Peachtree software provides a several method for setting up your company. Five setup is available. 1. Setup a new retail, service, construction, and manufacturing or distribution company using charts of accounts. 2. Set up a new company using a extensive charts of accounts from one of of many sample companies. 3. Set up use a copy setting from an existing Peachtree accounting company. 4. Setup uses a convert a company to another accounting program. 5. Setup use a build a new company These are all steps you are using and you build a new company.

Next step is a chart of Accounts. You are use the charts of accounts is a list of General ledger accounts. You are used to classify transactions information for reporting purpose. You are chose the charts of accounts for a several companies. And you are choosing a company to and maintain our accounts to a business need. And you are retailer then you choose a retailer company. And next one is a choose for a service company according to charts of accounts you are constricted company then you are choosing construction company. And according at charts of accounts you are manufacturer then you sure choosing manufacturing company. And next option is distributer then you are distributor then you choose Distribution Company.

Retail company:

From the above page if you will drag mouse downward then you will get the following chart of accounts of Retail Company.

Account Description Type 1010 Cash on Hand Cash 1020 Checking Account Cash 1100 Accounts Receivable Accounts Receivable 1150 Allowance for Doubtful Account Accounts Receivable 1200 Inventory Inventory 1400 Prepaid Expenses Other Current Assets 1500 Property and Equipment Fixed Assets 1900 Accum. Depreciation Prop&Eqt Accumulated Depreciation 2000 Accounts Payable Accounts Payable 2310 Sales Tax Payable Other Current Liabilities 2320 Deductions Payable Other Current Liabilities 2330 Federal Payroll Taxes Payable Other Current Liabilities 2340 FUTA Payable Other Current Liabilities 2350 State Payroll Taxes Payable Other Current Liabilities 2360 SUTA Payable Other Current Liabilities 2370 Local Taxes Payable Other Current Liabilities 2380 Income Taxes Payable Other Current Liabilities 2400 Customer Deposits Other Current Liabilities 2500 Current Portion Long-Term Debt Other Current Liabilities 2700 Long Term Debt Noncurrent Long Term Liabilities 4000 Sales Income Income 4100 Interest Income Income 4200 Finance Charge Income Income 4300 Other Income Income 4900 Sales Discounts Income 5000 Cost of Sales Cost of Sales 5100 Cost of Sales - Freight Cost of Sales 5400 Cost of Sales - Salary & Wage Cost of Sales 5900 Inventory Adjustments Cost of Sales 6000 Wages Expense Expense 6050 Employee Benefit Programs Expense Expense 6100 Payroll Tax Expense Expense 6150 Bad Debt Expense Expense 6200 Income Tax Expense Expense 6250 Other Taxes Expense Expense

6300 6350 6400 6450 6500 6550 6600 6650 6700 6750 6800 6850 6900 6950 7000 7050 7100

Rent or Lease Expense Maintenance & Repairs Expense Utilities Expense Office Supplies Expense Telephone Expense Other Office Expense Advertising Expense Commissions and Fees Expense Franchise Fees Expense Equipment Rental Expense Freight Expense Service Charge Expense Purchase Disc-Expense Items Insurance Expense Over and Short Expense Depreciation Expense Gain/Loss - Sale of Assets Exp

Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense

If you want to see simplified chart of accounts of a Service company then click on it to select as shown below.

If you will drag the mouse downward then you will get following simplified chart of Accounts for a Service Company. Account Description 1010 Cash on Hand 1020 Checking Account 1100 Accounts Receivable 1150 Allowance for Doubtful Account 1200 Inventory 1400 Prepaid Expenses 1500 Property and Equipment 1900 Accum. Depreciation - Prop&Eqt 2000 Accounts Payable 2310 Sales Tax Payable 2320 Deductions Payable 2330 Federal Payroll Taxes Payable 2340 FUTA Payable 2350 State Payroll Taxes Payable 2360 SUTA Payable Type Cash Cash Accounts Receivable Accounts Receivable Inventory Other Current Assets Fixed Assets Accumulated Depreciation Accounts Payable Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities

2370 Local Taxes Payable Other Current Liabilities 2380 Income Taxes Payable Other Current Liabilities 2400 Customer Deposits Other Current Liabilities 2500 Current Portion Long-Term Debt Other Current Liabilities 2700 Long-Term Debt - Noncurrent Long Term Liabilities 4000 Professional Fees Income 4050 Sales of Materials Income 4100 Interest Income Income 4200 Finance Charge Income Income 4300 Other Income Income 4900 Sales/Fee Discounts Income 5000 Cost of Sales Cost of Sales 5400 Cost of Sales - Salary & Wage Cost of Sales 5900 Inventory Adjustments Cost of Sales 6000 Wages Expense Expense 6050 Employee Benefit Programs Expense Expense 6100 Payroll Tax Expense Expense 6150 Bad Debt Expense Expense 6200 Income Tax Expense Expense 6250 Other Taxes Expense Expense 6300 Rent or Lease Expense Expense 6350 Maintenance & Repairs Expense Expense 6400 Utilities Expense Expense 6450 Office Supplies Expense Expense 6500 Telephone Expense Expense 6550 Other Office Expense Expense 6600 Advertising Expense Expense 6650 Commissions and Fees Expense Expense 6800 Freight Expense Expense 6850 Service Charge Expense Expense 6900 Purchase Disc - Expense Items Expense 6950 Insurance Expense Expense 7050 Depreciation Expense Expense 7100 Gain/Loss - Sale of Assets Exp Expense If you want to see simplified chart of accounts of a construction company then click on it to select as shown below.

You can see in blue color that you selected Construction Company. And then if you will click on View Chart of Accounts then you will get the following page before you.

Account Description Type 1010 Cash on Hand Cash 1020 Checking Account Cash 1100 Accounts Receivable Accounts Receivable 1150 Allowance for Doubtful Account Accounts Receivable 1200 Inventory Inventory 1400 Prepaid Expenses Other Current Assets 1430 Work in Progress Other Current Assets 1440 Materials - Unused and Unassigned Other Current Assets 1450 Refundable Deposits Other Current Assets 1500 Property and Equipment Fixed Assets 1600 Land Fixed Assets 1900 Accum. Depreciation Prop&Eqt Accumulated Depreciation 2000 Accounts Payable Accounts Payable 2310 Sales Tax Payable Other Current Liabilities 2320 Deductions Payable Other Current Liabilities 2330 Federal Payroll Taxes Payable Other Current Liabilities 2340 FUTA Payable Other Current Liabilities 2350 State Payroll Taxes Payable Other Current Liabilities 2360 SUTA Payable Other Current Liabilities 2370 Local Taxes Payable Other Current Liabilities 2380 Income Taxes Payable Other Current Liabilities 2400 Customer Deposits Other Current Liabilities 2500 Current Portion Long-Term Debt Other Current Liabilities 2700 Long Term Debt Noncurrent Long Term Liabilities 4000 Sales Income 4100 Interest Income Income 4200 Other Income Income 4900 Sales Discounts Income 5000 Labor Costs Cost of Sales 5100 Materials Costs Cost of Sales 5200 Equipment Costs Cost of Sales 5300 Subcontract Costs Cost of Sales 5400 Cost of Sales - Salary & Wage Cost of Sales 5900 Inventory Adjustments Cost of Sales 6000 Wages Expense Expense 6050 Employee Benefit Programs Expense Expense 6100 Payroll Tax Expense Expense

6150 6200 6250 6300 6350 6750 6950 7000 7050 7100 7150 7200 7250 7300 7350 7400

Bad Debt Expense Income Tax Expense Other Taxes Expense Rent or Lease Expense Maintenance & Repairs Expense Licenses and Permits Expense Postage and Freight Expense Travel Expense Office Supplies Expense Telephone Expense Utilities Expense Service Charge Expense Purchase Disc-Expense Items Insurance Expense Depreciation Expense Gain/Loss - Sale of Assets Exp

Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense

If we see the the chart of account of manufacturing company and click the button of manufacturing company and view of charts.

if you will drag the mouse downward then you will get following simplified chart of Accounts for a Manufacturing Company. Account Description 1010 Cash on Hand 1020 Checking Account 1100 Accounts Receivable 1150 Allowance for Doubtful Accounts 1200 Raw Materials Inventory 1250 Work in Progress Inventory 1300 Finished Goods Inventory 1400 Prepaid Expenses 1500 Plant Property and Equipment 1900 Accum. Depreciation Prop&Eqt 2000 Accounts Payable 2310 Sales Tax Payable 2320 Deductions Payable 2330 Federal Payroll Taxes Payable 2340 FUTA Payable 2350 State Payroll Taxes Payable 2360 SUTA Payable 2370 Local Taxes Payable 2380 Income Taxes Payable 2400 Customer Deposits 2500 Current Portion Long-Term Debt Type Cash Cash Accounts Receivable Accounts Receivable Inventory Inventory Inventory Other Current Assets Fixed Assets Accumulated Depreciation Accounts Payable Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities

2700 4000 4100 4200 4900 5000 5100 5200 5300 5400 5900 6000 6050 6100 6150 6200 6250 6300 6350 6400 6450 6500 6550 6600 6650 6700 6750 6800 6850

Long Term Debt Noncurrent Long Term Liabilities Sales Income Income Interest Income Income Other Income Income Sales Discounts Income Raw Materials Costs Cost of Sales Direct Labor Cost of Sales Indirect Labor Cost of Sales Cost of Sales - Freight Cost of Sales Cost of Sales - Salary & Wage Cost of Sales Inventory Adjustments Cost of Sales Wages Expense Expense Employee Benefit Programs Expense Expense Payroll Tax Expense Expense Bad Debt Expense Expense Income Tax Expense Expense Other Taxes Expense Expense Rent or Lease Expense Expense Maintenance & Repairs Expense Expense Utilities Expense Expense Telephone Expense Expense Office Supplies Expense Expense Other Office Expense Expense Freight Expense Expense Service Charge Expense Expense Purchase Disc-Expense Items Expense Insurance Expense Expense Depreciation Expense Expense Gain/Loss - Sale of Assets Exp Expense

If you want to see simplified chart of accounts of a Distribution company then click on it to select as shown below.

You can see in blue color that you selected Distribution Company. And then if you will click on View Chart of Accounts then you will get the following page before you.

If you will drag the mouse downward then you will get following simplified chart of Accounts for a Distribution Company.

Account Description Type 1010 Cash on Hand Cash 1020 Checking Account Cash 1100 Accounts Receivable Accounts Receivable 1150 Allowance for Doubtful Accounts Accounts Receivable 1200 Inventory Inventory 1400 Prepaid Expenses Other Current Assets 1500 Property and Equipment Fixed Assets 1900 Accum. Depreciation Prop&Eqt Accumulated Depreciation 2000 Accounts Payable Accounts Payable 2310 Sales Tax Payable Other Current Liabilities 2320 Deductions Payable Other Current Liabilities 2330 Federal Payroll Taxes Payable Other Current Liabilities 2340 FUTA Payable Other Current Liabilities 2350 State Payroll Taxes Payable Other Current Liabilities 2360 SUTA Payable Other Current Liabilities 2370 Local Taxes Payable Other Current Liabilities 2380 Income Taxes Payable Other Current Liabilities 2400 Customer Deposits Other Current Liabilities 2500 Current Portion Long-Term Debt Other Current Liabilities 2700 Long Term Debt Noncurrent Long Term Liabilities 4000 Sales Income Income 4100 Interest Income Income 4200 Other Income Income 4900 Sales Discounts Income 5000 Cost of Sales Cost of Sales 5400 Cost of Sales - Salary & Wage Cost of Sales 5900 Inventory Adjustments Cost of Sales 6000 Wages Expense Expense 6050 Employee Benefit Programs Expense Expense 6100 Payroll Tax Expense Expense 6150 Bad Debt Expense Expense 6200 Income Tax Expense Expense 6250 Other Taxes Expense Expense 6300 Rent or Lease Expense Expense 6350 Maintenance & Repairs Expense Expense 6400 Utilities Expense Expense 6450 Office Supplies Expense Expense

6500 6550 6600 6650 6700 6750 6800 6850 6900 6950

Telephone Expense Other Office Expense Delivery Expense Postage and Freight Expense Travel Expense Service Charge Expense Purchase Disc-Expense Items Insurance Expense Depreciation Expense Gain/Loss - Sale of Assets Exp

Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense

You can see in blue color that you selected Construction Company. And then if you will click on View Chart of Accounts then you will get the following page before you.

If you will drag the mouse downward then you will get following simplified chart of Accounts for a Construction Company.

Account Description 1010 Cash on Hand 1020 Checking Account 1100 Accounts Receivable 1150 Allowance for Doubtful Account 1200 Inventory 1400 Prepaid Expenses 1430 Work in Progress 1440 Materials - Unused and Unassigned 1450 Refundable Deposits 1500 Property and Equipment 1600 Land 1900 Accum. Depreciation Prop&Eqt 2000 Accounts Payable 2310 Sales Tax Payable 2320 Deductions Payable 2330 Federal Payroll Taxes Payable 2340 FUTA Payable 2350 State Payroll Taxes Payable 2360 SUTA Payable 2370 Local Taxes Payable 2380 Income Taxes Payable 2400 Customer Deposits 2500 Current Portion Long-Term Debt 2700 Long Term Debt Noncurrent 4000 Sales 4100 Interest Income 4200 Other Income 4900 Sales Discounts 5000 Labor Costs 5100 Materials Costs 5200 Equipment Costs 5300 Subcontract Costs 5400 Cost of Sales - Salary & Wage

Type Cash Cash Accounts Receivable Accounts Receivable Inventory Other Current Assets Other Current Assets Other Current Assets Other Current Assets Fixed Assets Fixed Assets Accumulated Depreciation Accounts Payable Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Other Current Liabilities Long Term Liabilities Income Income Income Income Cost of Sales Cost of Sales Cost of Sales Cost of Sales Cost of Sales

5900 6000 6050 6100 6150 6200 6250 6300 6350 6750 6950 7000 7050 7100 7150 7200 7250 7300 7350 7400

Inventory Adjustments Cost of Sales Wages Expense Expense Employee Benefit Programs Expense Expense Payroll Tax Expense Expense Bad Debt Expense Expense Income Tax Expense Expense Other Taxes Expense Expense Rent or Lease Expense Expense Maintenance & Repairs Expense Expense Licenses and Permits Expense Expense Postage and Freight Expense Expense Travel Expense Expense Office Supplies Expense Expense Telephone Expense Expense Utilities Expense Expense Service Charge Expense Expense Purchase Disc-Expense Items Expense Insurance Expense Expense Depreciation Expense Expense Gain/Loss - Sale of Assets Exp Expense

Peachtree software provide a facility to a build a new company and that are two methods we use and first one is a accrual basis and second one is a cash basis .why are we choosing accrual basis .because many companies work in credit basis and they choose accrual basis accounting and many companies choose a cash basis accounting because they are prefer cash basis system and daily basis record every transaction. The choose an option of accrual basis because we record income as you invoice customer and expenses are record when you receive bills for vendor. And cash is actually exchanged. And next option is cash basis income is recorded when cash is received. And expense is recorded when expense is paid.

Next step is a posting method.peachtree provides a facility of company choose a two methods .first one is Real time. And second one is Batch. Real time method chooses a company then companystransactions are posted to a General ledger as they entered and saved. Batch method choose a company transaction saved by the program and and then posted a group .this method allows to print register and analyze a group of a transaction before posting a journal. And then company decide to choose a method and next step is Accounting period.

Accounting period are units of time that divide four fiscal year for reporting purpose. in Peachtree accounting you can divide the fiscal year in to as many as 13 periodes.most companies use monthly accounting periods and they match the 12 calendar month. And this option is use for accounting period for a new build a company.

Next step is Accounting period may not match the calendar year as Financial year may start from ist April-31st March or from ist July-31st June or From Ist Oct-31st Sep.

After select the month we are click next congratulation page and select finish button and we launch a new company set up.

How to open an existing company First of all you click Peachtree software and you see five options and you select open an existing company.

You select open existing company after a click you have see a new window and three options are available first option ok and second close and third Browse you select Browse.

After select Browse you select z drive

After select z drive you see this window yow click z option.

You click z drive after show the company name you double click company name.

After double click of company name and you see a new window and after that you double click on it your own company as follow as: