PEACHTREE -- Maintaining Chart of Accounts

Maintaining Chart of Accounts:

In this window we first click on “MAINTAIN” located at the top right side of the screen. The following options will appear :

                             

Here we click on “CHART OF ACCOUNTS”.

The following window will appear:

                           

Here we have different set of options that includes:

Ø Account ID ( This includes special numeric or alpha-numeric ID’s to be given to different set of accounts ).

Ø Description ( In description we type different accounts. e.g, Fixed Assets , Cash , Capital , Expense , Drawings etc ).

Ø Account Type ( This includes different account types which are to be assigned to respective set of accounts given in description ).

Ø Beginning Balances ( Requires beginning balances of Account Types ).

Entering Beginning Balances:

Now we click on “BEGINNING BALANCES”. The following given window will appear:

               

Now here we have to select the period for beginning balances. As we click on the period of beginning balances , the following given window will appear:

             

Now we enter the beginning balances of different account types. After entering all beginning balances we click “OK” to save our work.