Create a new company in peachtree

Here's a step-by-step guide to creating a new company in Peachtree:

Step 1: Create a New Company

1. Open Peachtree and click on the "Company" menu.
2. Select "New Company" from the drop-down menu.
3. Click on "Create a New Company" button.
4. Enter the company name, address, and other basic information.
5. Choose the company type (e.g., sole proprietorship, partnership, corporation).
6. Set the company's fiscal year and accounting period.
7. Click "Next" to proceed.

Step 2: Set Up Chart of Accounts

1. In the "Chart of Accounts" window, you can set up your company's accounts, such as:
   • Asset accounts (e.g., Cash, Accounts Receivable, Inventory)
   • Liability accounts (e.g., Accounts Payable, Loans Payable)
   • Equity accounts (e.g., Common Stock, Retained Earnings)
   • Revenue accounts (e.g., Sales, Service Revenue)
   • Expense accounts (e.g., Salaries, Rent)
2. You can also set up sub-accounts and assign them to the main accounts.
3. Click "Next" to proceed.

Step 3: Set Up Payroll

1. In the "Payroll" window, you can set up your company's payroll information, such as:
   • Employee information (e.g., name, address, social security number)
   • Payroll schedules (e.g., weekly, bi-weekly, monthly)
   • Pay rates and benefits (e.g., hourly wage, salary, health insurance)
2. You can also set up payroll taxes and deductions.
3. Click "Next" to proceed.

Step 4: Set Up Inventory

1. In the "Inventory" window, you can set up your company's inventory information, such as:
   • Product information (e.g., name, description, unit price)
   • Inventory levels and tracking
   • Cost of goods sold and inventory valuation
2. You can also set up inventory tracking and reporting.
3. Click "Next" to proceed.

Step 5: Set Up Accounts Payable and Accounts Receivable

1. In the "Accounts Payable" window, you can set up your company's accounts payable information, such as:
   • Vendor information (e.g., name, address, contact information)
   • Payment terms and due dates
   • Payment methods (e.g., check, credit card)
2. In the "Accounts Receivable" window, you can set up your company's accounts receivable information, such as:
   • Customer information (e.g., name, address, contact information)
   • Invoice and payment tracking
   • Payment methods (e.g., check, credit card)
3. Click "Next" to proceed.

Step 6: Set Up Budget and Forecast

1. In the "Budget and Forecast" window, you can set up your company's budget and forecast information, such as:
   • Budget categories (e.g., income, expenses, assets, liabilities)
   • Budget amounts and percentages
   • Forecasting and variance analysis
2. You can also set up budgeting and forecasting templates.
3. Click "Next" to proceed.

Step 7: Review and Save

1. Review your company's information and settings to ensure everything is accurate and complete.
2. Save your company's information and settings.
3. You can also print or export your company's information and settings for future reference.

That's it! You have now created a new company in Peachtree.