How
to maintain Chart of Accounts on Peachtree
Steps to be
followed:
Open
software Peachtree
Click on the
“existing company”
1 Select “CHART of ACCOUNTS”
2 Then a
window will open with the name of chart of Accounts
3 Give a
suitable Account Id .
Example: 105
Press
the Tab key to give description accordingly
Example: like if your account Id is 105 then the description would like Cash in Bank
Now Again press the Tab key it will shift your cursor on Account type
, then if your Account type is starting from Alphabet “C” then automatically
CASH Account will appear here right away press Key “Alt S” to save your
Accounts.
Between if any error has occurred while making Chart of Accounts
then we can correct it by following some methods given below:
Move cursor on “Look up Button”
After clicking it shows you a list of Accounts which you’ve been
made
If you have enter a wrong entry for 105 cash in bank than you can
go to the Look up button and choose the option change id then press ALT S to
save the data
And if you want to delete any wrong entry then choose the account
id and press Delete
How
to Maintain Beginning Balances:
After the setup
of a company at Peachtree you’ve to ascertain Chart of Accounts, General Ledger
Defaults and beginning balances. Now to
ascertain Chart of Accounts click “MAINTAINS” and then select “Chart of
Accounts”
A a window
will appear where you’ve to give a suitable id, description and an Account type.
CLICK ON the Beginning balances Button. Peachtree
shows a Select period window.
Select the period
in which you’ve to enter the Beginning Balances.
Select OK. Peachtree shows the Chart of
Accounts Beginning balances window.
Type the amounts relatively. Enter all the beginning balances and
make sure they would be correct and you did not left out with any account.
How to add a new Account in Beginning
Balances:
Go to Maintain Chart of Accounts window and select New
Button, Enter new account id, Description, account type and THEN press OK.
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