Setup of company

Setup of a company

For the establishing a new company first opens the Peachtree software and select the option create the company.

After selecting this option another window will appear in this window you select the option of next.

After that a new window will appear in which you put the company name at least.

After that a window will open in which you select the last option of build your own company.

After pressing next option a new window will open in which you select your Accounting method.

After selecting the next option a new window will appear in which you are asked about your accounting period.

Again click on the next button a new window will appear in which you can select your Accounting month period.

After pressing next your company is created and at the end there is last option to click the finish button.

Congratulation you’re your company is made.

payment o vendor or creditor

Payment to vendor

After making the purchase, the next step is to make the payment to vendor or creditor. For this purpose we go to the menu bar and select the task bar option and chose his subsidiary option payments.

 

After choosing this the following window will appear.

In this window this following data is required to fill.

First of all you put the data about vendor id in the following box.

In first you put the vendor id and there is magnifier glass to search the vendor.

After that you are required to change the date according to the requirement. And cash account no.etc

In Apply to Expenses section you are required to put the following information.

Quantity

Item

GL Account

Unit price

Account etc.

inventory items

Inventory Items

In this section you can save the inventory purchase or sell, for this purpose you maintain the inventory item. To make the inventory items first of all go to the main menu and click on the maintain option then a list is open and you can select the inventory item like this.

After selecting this option the following window will appear.

In this window you are required the following requirements.

Item id

Description
select the item class

GL sales account

GL inventory account

GL cost of sales account

After giving all the required information in last at the right side there is a option of BEGINNING BALANCE here you can enter the beginning balance of the inventory..

After all alt+s and save the data .