Maintaining chart of accounts

Chart of accounts

Maintain chat of accounts

First of all open your existing company in the peach tree software. As in this process we will have our own chart of accounts, because we have clicked build your own company. So we click the Maintain menu and select chat of accounts. The following window will be showed as

Similarly for making the account following process is to be done. First of all we shall fill the blank of account ID then description and the account type after it we will press the key Alt and key S at the same time to save our account.

After this we will save all our accounts in the same way mentioned as above.

Deleting of an account

To delete an account we would select the delete option from bar after which system will ask that are you sure you want to delete this account then by pressing the “Yes” button the account will be deleted.

How to look up the accounts

For looking up the accounts we would press the look up option which is next to the account ID.After  pressing it our accounts will appear.

How to change account ID:-

To change the account ID we would select the option of “change ID” from the bar. After pressing the button our selected account will appear and we can change its ID easily.

In the report menu go the general ledger then select chart of accounts and the accounts saved can be seen there.Thus, by clicking close the window option this window would be closed.

Entering of the beginning balances
We can enter the Beginning Balances on the  tab. By selecting the Beginning Balances button.A window will appear as follows.

Select the period in which you want to enter beginning balances. You can select from previous, current, or future periods.

Select the button OK.The system will show the Chart of Accounts Beginning Balances window.

Enter all the beginning balances for the accounts.

The method of adding the new account in beginning balances

In the Beginning Balances Window, at first select the new button. The software will show the new account window.

Then enter account ID and after that account description and then select the account type and press the OK button.

Method to make the account inactive

·        First of all we should make sure that no further transactions are not required to be mentioned here.

·        From the Maintain menu, select Chart of Accounts. The software will show Maintain chart of accounts window.

Select that account which you want to make inactive. With the help of look up button existing accounts can be checked.Then click the box and a tick mark will appear in it and thus the particular account would become inactive.

                           

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