How
to maintain chart of accounts:
After creating a new company, now it’s the time of
preparing chart of accounts.
Open software of Peachtree and click the option of
existing company. When we open our existing company then a menu bar will be
shown in front of us. We will click on maintain menu button and following
window will appear.
After that we will click on the chart of accounts button
and following window will open in front of us.
In accounts ID bar that I have given the option A, we will
write down the ID of account which we want to save in the software.
In description bar that is pointed as B, we will write
down the description of our chart of account.
In Account type bar that is option C, we will write down
the type of account that we want to save on Peachtree.
After filling all the three informations mentioned above,
the window will appear as:
After saving that we will save it
by pressing Alt and s button.
How to entre beginning
balances:
After maintaining chart of accounts, we will click the
button of beginning balances as shown in window:
Before clicking the button, we must assure that we have
maintained the retained earning account.When we will click on the button of
beginning balances button then following window will appear…
We must select the date according to data given. If it is
1st of January balances in the question then we will select the date
of 31st December because it is the ending balance of December. If
data is of 31 December then we will select the same date.
After selecting the date, following window will appear:
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