INTRODUCTION TO COMPUTERISED ACCOUNTING

Hammad Nangiana

SET UP FOR A NEW COMPANY

• Following are the steps involved in order to create a new company using Peachtree accounting software 2004:

SET UP FOR A NEW COMPANY

• From this screen click on “Set up a new company”

• Following is a wizard screen which will be appeared on the screen by clicking on “Set up a new company”

• This wizard scheme will provide us with five options which are required to be entered in the software in order to complete our steps involved in the creation of the company

• First we press the “Next” button and the following “company information” wizard scheme appears on the screen

• After filling the above shown wizard, we click the “Next” button in order to continue our steps towards the creation of our company in Peachtree accounting software 2004

• Then this wizard scheme of “Chart of Accounts” will be appeared after filling all the required information in “Company information” wizard Scheme

• From this wizard of “Chart of Accounts”, we will click on “Build your own company”

• Following wizard scheme of “Accounting Method” will be appeared on the screen

• From this wizard scheme of “Accounting Method”, we select “Accrual” and then click on “Next” button to continue our steps toward creation of a new company in Peachtree accounting software 2004

• After following this step, we get the following wizard screen of “Posting Method” on our desktop screen

• From this wizard scheme of “Posting Method”, we select “Real Time” option and click on “Next” button to proceed towards the creation of a new company on Peachtree Accounting Software 2004

• We get the Following Screen of “Accounting Periods” on implementing this procedure

• From this wizard scheme of “Accounting Periods”, we select the option of “12 monthly accounting periods” option as per our requirement and then click on “Next” Button to proceed

• After following this procedure, we reach to the following “Monthly Accounting Periods” Wizard scheme

• From this Wizard scheme of “Monthly Accounting Periods”, we select “January” as Month and “2015” as year for our requirement,

• “When do you want your fiscal year to start?”. Then we select “November” as month and “2015”

• “What is the first year you will be entering payroll?”. After filling this we click the “Next” button and get the following screen on our desktop screen

• This is the last wizard scheme involved in the creation of our new company in Peachtree accounting software 2004

• In this wizard, we press the “Finish “button after which a new company starts its creation and with in 10 seconds the Peachtree software creates a new company for us

Summary

• Setup a new Company• Chart of Accounts• Accounting Method• Posting Method• Posting Period