Peachtree Complete Instructions

10.  Add Chart of Accounts

1.                  Add Account ID = Account Number
2.                  Add Description = Account Name

3.                  Account Type = Account Classification (Use the down arrow button to find the various classification)

1.                  Click on Save
2.                  For next account click on New and follow steps 1-4.  Use the Magnifying Glass to see the list of what you have entered.  Click OK to get out.


Print Chart of Accounts
1.   Select Reports – General Ledger
2.   Select Chart of Account
3.   Select screen to view the report first., OK
Select the printer icon if the report looks OK
To delete a Chart of Account
1.         Select Maintain--- Chart of Account.  Enter the account number.
2.         Select the delete icon (trash can), Save


Assets

Assets: 

Definition:
Assets are the resources controlled by any entity as a result of any past event and from which future economic benefits are expected to flow to entity. ( IASB )

Explaination:
An Asset is somthing owned or in control of a business entity to benefit from it in some ways.

Types of Assets:

Assets may be classified into two main types according to the time period in which they generate economic outcomes for the entity.

1- Current Assets.
2 - Non- Current Assets.

1-Current Assets: Current Assets are the assets which are expects to use within a year from the date of reporting.

2- Non- Current Assets: Non Current Assets are those which are expected to use for more than one year form the date of reporting.


Peachtree Complete Instructions

Peachtree Complete Instructions

Introduction:

Peachtree software is an accounting system in which small businesses can manage
their books. Peachtree software takes a more difficult and complex process and
reconstructs it into a simple process that anyone can use. By following the instructions
provided, one will be able to set up their company in Peachtree, make their journal
entries, and view the financial statements that the software creates. It benefits any
company to use the Peachtree software because it provides accuracy that manual
bookkeeping cannot. The software ensures that proper journal entries are made and that
all accounts balance. The use of Peachtree requires basic computer skills; however, one
must be knowledgeable in accounting to make the proper journal entries.


                           Peachtree Action Buttons




                                                                

  
Install the Peachtree Accounting Software
1.                  Run D:\Setup.exe.  After a couple of screens just click on OK or next.
2.                  Select Setup Type:
Click on Standard
Select Location:  Program C:\Peachtree
                            Data:  C:\Peachtree
Click next
3.                  Accounting folder:  Peachtree Accounting, Click Next
4.                  Thank you screen on top, Copying program files on bottom.
5.                  Set-up Complete Screen.  Put a check b “Yes I would like to start Peachtree Acctg.”

6.                  Click on finish.  Register Later.  You have 10 times to finish before registering.  Click on OK.





Create Your Company

Create New Company

Click on “Set up New Company


1.      Introduction Screen:  You will need
1.      Company Name and address
2.      Chart of Accounts- See Generic Data
3.      Accounting Method- Accrual
4.      Posting Method – Real Time
5.      Accounting Periods - 12
Click Next


Fill the Initial Data of your Company:




4.         Chart of Accounts – Click on radio dial “Build your Own Company”, Click next


1- Accounting Method: Accrual, Next

2.                  Posting Method:  Real Time, Next



3.       Accounting Periods:  12 monthly accounting periods, Next

4.                  Monthly Accounting Periods: Beginning 1st Fiscal Year?  July 2000???

     
5.        Follow the Set-up Checklist, Click Finish:  Creating Data Files


                                                        

How to get started with Peachtree Accounting for frist time

Get Started with Peachtree,

I found it the easiest Accounting Software to get started for any accountant.

Get a Peachtree Accounting Software CD (any version) from your nearest software shop just run the setup on your PC complete the installation.
 
When the Peachtree installation is completed the main menu will Automatically open goto the ''File'' in menu bar and click on "New Company" then fill out the required fields according to your business.

During the creating of a new company the peachtree software will ask a couple of questions which you have to answer, i.e which type of Accounting you want to maintain Cash based or Accural Based? Do you want to build your own chart of Accounts or you want to use a sample business chart of Account which already exists in Peachtree Accounting Software, it is up to you.





After sucessful creation of your new company now its time to setup a chart of Account according to your business.
Chart of Account is the list of all the accounting heads with a specified code number alloted which you think will be used during  operations of your business, i.e a cash account a bank account, along with some other assets, expenses and capital or owner's equity as well.


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