Charts Of Accounts

To maintain chart of account we will click on the maintain menu and click on the chart of accounts.

After this following window will open.

You will see all detail of chart of accounts for example

1.Account Id           assign to our account

2. Description

3.Account Type.

After this you will see this window

In this step you can see all chart of accounts in following display.

Method to enter the beginning balance in peachtree.

First we start peachtree software for make our company we select we will select our company name and information of all the company, after this ,then we ill click on build on your company then we will select accrual base and real time then we will select 12 months of time period,

Then  we will enter chart of account’s id and its description.

We will verify that if retained earnings account is not saved in peachtree  will not save the accounts so first of all we will enter retain earnings account.

Then we will open charts of account .

Then we will click on Beginning Balances .

When we will click on beginning balances following window will be open

Then we select date of opening balance.

Then we will enter account id ,account description and Account Type.

After this we will enter all amounts if you enter wrong amounts, trial balance will show wrong amount so we will be very careful while entering data .

After that we will see income and expenses.