Peachtree Accounting Program: A Comprehensive Guide for Small Businesses

Introduction:

For small businesses looking for an affordable yet feature-rich accounting solution, Peachtree (now known as Sage 50 Accounting U.S. Edition) has long been a popular choice. This comprehensive guide will walk you through the process of setting up and using this powerful program to manage your company's finances.

Understanding Peach Company Setup:

Before diving into the setup process, it is essential to understand some key concepts related to companies in Peachtree accounting software.

1. Company: In Peachtree terminology, a 'company' refers to an individual business entity that you want to track separately within the system.

2. File Location: This determines where all your company data will be stored on your computer's hard drive or network storage device(s).

Setting Up Your First Company in Peachtree:

1. Launch Peachtree Accounting software by double-clicking its icon on your desktop, Start menu (Windows), or Applications folder (Mac).

2. If this is your first time launching the program after installation:

- Follow the wizard prompts to set up a new company.

- Choose 'Yes' when asked if you want to create an example file for demonstration purposes.

Understanding Peachtree's User Interface:

Once logged into your newly created company, take some time to familiarize yourself with the various components of the user interface (UI).

1. Navigation Menu: Located at the top left corner of most windows, this menu provides quick access to frequently used features such as Accounts Receivable, Accounts Payable, and more.

2. Toolbar: Below the navigation menu lies a row of icons that perform common tasks like posting transactions or printing reports.

Entering Transactions in Peachtree:

To properly manage your company's finances using Peachtree accounting software, you must understand how to enter various types of transactions into the system.

1. Sales Invoices:

- Go to Accounts Receivable > Customers > Enter Credit/Debit.

- Select 'Sales' as the transaction type and choose either Cash or Terms payment terms depending on whether cash is being received immediately or not.

2. Purchase Orders (POs) & Billings:

To set up a company in Peachtree accounting software, you will need to follow these steps.

1. Launch Peachtree Accounting by double-clicking its icon on your computer's desktop, Start menu (Windows), or Applications folder (Mac).

Once inside the program, navigate through various windows and menus until you reach the 'File' > 'New Company...' option located at the top left corner of most screens:

Choose 'Yes' when prompted to create an example file for demonstration purposes. This will guide you through setting up a new company in Peachfruit Accounting software.

How To Set Up A New Company In Peachtree Accounting Software

1. Launching The Program: Double-click on the icon for PeachTree Accounting located either at your Start menu (Windows) or Applications folder(Macintosh).

2. Clicking On 'File' And Then Selecting 'New': Once inside of course, go to ‘File’ > “New” near top left corner:

3. Follow The Wizard Prompts: Now follow the wizard prompts that will guide you through setting up a new company in Peachtree Accounting software.

4. Setting Up Company Information:

- Enter your business name and tax ID number(s).

as needed).

5. Selecting A File Location:

Choose where all of your data files should be stored on either local hard drive or network share (if applicable).

6. Configuring Company Preferences:

- Set up currency, date format etcetera based upon preferences.

7. Completing Setup Wizard:

Once all necessary information has been entered and saved click 'Finish' button at end of wizard to complete the process for setting up a new company within Peachtree Accounting software.

This concludes our comprehensive guide on how to set up a new company in peach tree accounting program for small businesses looking for an affordable yet feature-rich solution. Remember always back-up regularly as well!

Peachtree accounting program