Peach-Tree Accounting Setup And Maintaining Chart of Accounts

Q : how to setup a new company.?

For setup NEW COMPANY first of all we open a Peach tree accounting wizard for established

a new company then window will appear following: 

FOR establishing a new company select the option of “setup a new company” for the purpose of establishing a new company. After selecting the option of set up a new company then new window will appear as follow:

Its  a introductory window for set up a new company in  which include the detail of company that is company name and address , charts of the company , accounting   period  , posting method ,and accounting  period. After  reading  all the above options we click on the next button option for continuous the process of establishing a new company.

When we clicking the next button option a new window will appear that include the “Company information” are as following:

First of all we write the company name in the first column option that is “2100”.  Company name is very important .We preferred  to write a company name in the form of digits because  if we  write company name  as “Misbah Ltd” then in the different computers it provide the name as MTD  that is wrong name that we select .after that we write the company address lines, city, country, telephone#, fax, business type that is partnership or corporation we preferred of corporation form of business   , email address and website.

When fill the above options in the window for establishing a new company then chick on the next button option after that a new window will appear “Charts of Accounts” as following:

This window provides the several methods for setting up your company. For establishing g a new company we select the radio button option of “Build your own company”.

 After selecting the “Build your own company “option we select the option of next button and  a new window  of “accounting method” will appear that is following :

Which include the Accrual and Cash method We select the Accrual method because transactions are enter on when they occur. After select the accounting method then click on the next button option for the further process of establishing a company

After select next button option then a new window will appear as “Posting method” following:

Then we select the “Real time" method because transaction are posted to the general ledger as they are entered and saved.

After select the posting method then click on the next button. after selecting then a new window will appear as follow:

After that we select the “12 month accounting period” option and select the next button for further process.

After selecting a accounting period  a new window will appear as “monthly accounting period”

It include the information of when we want to first fiscal year start that is select “January 2013” and what is first month when we entered   data “March  2013” and what is the  entering payroll "2013."

After fill all the above option then select on next button and then new window will appear as

This window shows the new company setup process is completed successfully and we want to open a company anytime that’s name is “2100 “.

And after that we select the finish button option then our company will setup  name  as "2100".

      How to maintain a chart of account:

Firstly we open Peachtree software then a window will appear on screen then we click on “Build your own company”. So we have to maintain a chart of account. As this following picture shows when we first click on “maintain” and following column will appear

And when we select the option “chart of account” then a new window will appear as follow: 

In this option we enter three things.
 Account ID

It include all the information about Account ID example 100, 120 etc

Description

It include all the description about the account name as Cash, Account Receivable, Account payable etc.

 Account type.

It include all the information about Account type what is a account type that we write or use .example the account of  Advertisement is an expense then we write in the type of “Expenses”.

If we posting a wrong account type or wrong Code or wrong Account type then we click on the “magnifier”  and select the option which we posted wrong

Like that.

 

Then a window will appear as following:

It includes all the information that we write the wrong Account ID, Type etc . If we write the wrong Description then change the description first we select the option change description then a new window will appear as:

For Change the description then write in the description “petty cash”

Then save it means our wrong Account ‘Chatty cash” change into the “Petty cash”.

After change the description then check the description by clicking on lookup button the following picture shows our correction .

 

How to open a file in the word?

First we click on start button and then click on All programs and then programs files will open which include Microsoft Office, Microsoft Excel M.S PowerPoint etc and then click on Microsoft office.

When open Microsoft office then Press key control o and then open then the then click on browse to select the file, that file that we want to open.

       Opening Microsoft Word Documents

We'll shortly add an address to the top of our Library Complaint letter. Before we do that, we'll learn how to open a file. After all, you might have closed down Microsoft Word, or your computer might have crashed. The result being that you no longer have your library letter loaded into Word. So here's how to Open a file you have saved, and want to work on again.

From the File menu, click Open:

The Open dialogue box appears, and looks like the image below:

The Open dialogue box looks very similar to the Save As dialogue box. "Save in", "File name", and "Files of type" work in exactly the same way as the Save As dialogue box. Notice, though that the File name text box is blank, and the Open button is not available. It has been greyed out.

The reason that the Open button is greyed out, and therefore not available, is that text box is empty. Once you select a file, the Open button will be ready for us.

But the text box is empty because no file has been selected. A file is selected from the larger white area in the middle. Clicking on the file once with the left hand mouse button will select a file. In the previous image, there was only one file available for selection - a document called "rrKeyCaps.doc". That is not the one we want.

To locate the file we want, we need to open the folder called "My WP Projects". Because that's where we saved it. You can see from the image that this folder is in the list of folders, just below the folder called My Pictures:

You can see also that we are in the folder called My Documents. To open up the folder we want, simply double click it. This will take us inside the My WP Projects:

The whole Open dialogue box now looks like this:

The file we want, Library Letter, has been clicked on. As a result, the Open button is no longer grayed out. We can go ahead and click it. When we do, our letter will open in Microsoft Word.

To recap then on how to open a file. Do the following

· Navigate to the folder where the file was saved

· Click on the file to select it

· Click the Open button

OK, now that you know how to Open a file, we can start adding the address to our letter.