PEACH Tree

First of all, open a installed Peach tree software which is already available on the Desktop screen or in the Programs of the Start Menu.

After clicking on the Peach tree Software a following window will open

This is an introductory window for New Company Setup and will guide us through this process

We should be having following to go through process. Now we will select ‘Set up a new company’ option, the second one to setup a new company

These all the requirements to be fulfilled in order to make a accounting software for your company. We will continue with clicking the ‘Next’ option, we get next window.

Now fill out these all information regarding your company. For example

            

After clicking on the ‘Next’ this window will appear

Select the appropriate method of charts of account according to your company. Normally first option is to be used. After selecting the option click on ‘Next’

                

I will be choosing because my nature of the company is a Construction Company. Choose according to your nature of the company out of these five and click on the ‘Next’. The window will proceed as following:

Select the accounting method and click on the next

Select the Posting Method out of these and click ‘Next. New window will appear

Select the Accounting Period and click on the ‘Next’

According to your company select the Monthly Accounting Periods, a following window will open

These are the default company setup click on the ‘Next’

A finish window will open are as following:

Your company will successfully be designed as you want to. 

Charts of Accounts and Entering Opening Balances

How To Make Charts Of Accounts In PEACH TREE

                                       

To create the charts of accounts in PEACH Tree, first of all open ‘Maintain’ option in the menu bar.

Then click on the ‘Chats of Accounts’ option, a separate window will open as following:

There is written Account ID, Description and black spaces are available in front of it.
Fill on these ‘Account ID’ and ‘Description’ according to your schedule of coding. Manage the ‘Account Type’ in order to place the entry of the any ID into its perfect Head. Following picture will show the example:

                              

I have made an account ID 210 which describes the Account type Accounts Payable with the description Salaries Payable.

After completing all the accounts into there heads, there will be the completed list. We can check it by clicking the magnifying icon present in front of Account ID.
like

                                      

All account are being made. After this, to enter the opening balances of these heads, we enter the amounts by clicking the beginning balance option. And select the correct period. Like my balances are starting from 1 Jan 2010 so I will take the closing balance of 31 Dec, 2009.\

As,

                                       

After selecting the desired period, a window will open. Fill the opening balances that you get from the closing balance of the previous month. I had filled an example as following:

                                        

By filling the entered accounts you will get the Net Income i.e Income – Expenses.