Friday, 29 March 2013


How to maintain chart of account

First open a company on peach tree then this window will appear :


Then click the maintain button this window will appear :


In this window we fill three things :
Account ID :
Description:
Account Type :

When write three thing for save this click the  ALT –S

Example :
100
Current Assets
Account Type


105
Cash in bank
Cash



105 is account ID write it on their blank .
Cash in bank  is the description write it .
And select the Account Type .


How select a account type :
Click on account type and select the account type
This window look like this :



Correct in recorded charts of account :
There may be a chance that you have recorded wrong  account ID , description , account type then click on research icon which look like this :


And select which you want to correct  like this :


And double click on it and correct it .

How to delete the account :
Click the delete button or icon which look like this


In order to delete an account from the chart of accounts, there must be no transactions posted to the general ledger that reference the account ID. If an account has a nonzero balance, you must delete or remove transactions associated with it. These can include beginning-balance entries.

If an account has a nonzero balance, you can enter an adjusting G/L transaction in the General Journal to bring the account's balance to zero. Then, after two year-end closings, you can purge or delete the account.




How to enter a beginning balance

First open a peach tree and click the the maintain button which is on the top left side of peach tree :

And then click the chart of account



This window will appear :


Now click on the beginning balances this tab will appear :

And this window will appear now select the period and Select OK .
Peachtree displays the Chart of Accounts Beginning Balances window :



If you are out of balance in the Beginning Balances for General Ledger Accounts window, Peachtree displays a warning message indicating that an equity account will be created (or updated) to contain the difference or out-of-balance amount.
This account will be named Beginning Balance Equity, and its type is Equity-Doesn't Close. 

And check that your trial balance should be 0 if the trial balance amount is not zero then its means your debit and credit side is not equal .





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