maintaine chart of account

What is chart of account?

Chart of account is used to maintained the accounts in the new company .which is not made

How to maintain chart of account

We maintain our chart of account in peach tree software, so first we open peach tree software then we click on toolbar maintain option

This toolbar is open when we click on maintain option this window will open and show you that what option do you want to select

We will choose the option of chart of account

After the clicking the chart of account option the new window is open

Name as maintain chart of account which helps to maintain chart of account of your new company

In which there is account I.D which helps to reach quickly and easily on the     accounts what you want

In the maintain chart of account There is another important that’s is description that’s tells the name of the account like cash etc                              

              

Now there is another things which is important to write that’s the account type That’s shows which type of account is that , either cash , account receivable etc

If there is an error in account I’d then there is an option which helps to change the

Wrong I’d then you use look up button to change the account id which is correct

If you want to delete the any account i.d then you click on delete button on the top .After the clicking delete button the system ask that you want to delete ‘yes’ or ‘no’

Before clicking beginnings balance:

Before you click beginning balance first you want to check the retained earning          account is made or not properly.

The software made the chart of account of retained earning if you don’t made.This is very important because this software did not save your any data.

            

When all chart of account is entered and saved then you can click on the beginning balance option which is mentioned in the picture.

After that it ask the period what is your beginning balance and you select your           beginning balance and then click ‘ok’ button

                        

If there is an chart of account which is missing then it is made easily. But the retained earning account is not made .

When you click ok button then this window is open , and this window is used to enter the amount of all chart of account.

                        

If there is any error in total then, there is something wrong in the amount you enter. which is not matched then the difference is showed in the trial balance .