Set up of a company

When we will open Peachtree software following window will display:

Here we have five options, as we are going to set up a new company account so we will click on option two that is “set up a new company”

Now we will click on set up a new company.

When we have done clicking on following window will appear:

This is introductory window which tells us about the new company setup phase.

We have five steps in new company setup:

 Ø Your company’s name and address

 Ø Your chart of accounts

 Ø Your accounting method

 Ø Your posting method

 Ø Your accounting periods

Now by clicking next we have following window:

In this window we will insert company information, such as company name, detailed company address, company contacts, and business type.

After providing information when we click next button we have following window:

This window is about the setup of charts of accounts. In this window we have five options.

In first option we have chart of accounts for five types of businesses, retail, services, construction, manufacturing, and distribution.

In second option we can choose chart of accounts from any sample companies.
In third option we may copy setting from any of existing peachtree accounting company.
In fourth option we can convert company into peachtree software from any other accounting software.
In fifth and last point we may build our own company.

After selecting method when we click next we have following window:

In this window we select the Accounting method for instance accrual or cash method.

In accrual method we record income when we invoice our customers and record the expenses when we receive bills regardless when cash is actually paid or received.

In cash method income is recorded when actually cash is received and expense is recorded when actually cash is paid.

When we click next we have following window:

In this window we choose the posting method. For instance real time method or batch method. In real time method transactions are posted to the general ledger as it occurs while in batch method the transactions are first recorded in the program and after that posted as group.

After selecting method when we click next button we have:

Here we select the accounting period, for instance period can be of 12 months.

When we click the next button we have following window:

In this window we select the monthly accounting period for instance which month is starting month and which one is ending month.

After clicking next we have:

Now the company account has been set up

Opening Microsoft Word Documents

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 greyed 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