How to maintain the chart of accounts using Peachtree

In order to maintain accounts follow the following steps:

Ø At the very first we open the Peachtree software .

Ø After that we open the existing company file that we have created before.

The window  will be

Ø After opening our company file we will select the option Maintain from the option bar.

The following window will appear

Ø Here we select the chart of accounts .

Ø When we open chart of account of the company the following window will display on the screen.

Here we enter the account id of our account and then we will hit the button tab to switch to other requirement that is description of our account, and entering the description we will again hit the button tab to move to the other requirement, here we select the account type.

Ø After entering all the above data we will press the buttons to save it into the chart of account of our company.

Correct in chart of accounts:

Ø By any chance if we have recorded the wrong account id , description or the account type of any account, we can slect the the look up 

Ø  

And then opening the specific account that we want to correction

Ø In order to change the account id we have to click on the change id option  and then record the new account id , after recording the correct information we will save it.

Ø The important thing that should be kept in mind is that we cannot change the recorded account if we have entered any begging or ending inventory against that account.

Ø How to add begging balances

First of all we select the begging balances button

The window will be

In this way we select the time period in current ,past and future then click ok the following window will be appear

Add all begging balances and it is also confirmed that all balances are correct

We also add a new account in begging balance ,we also give id description and select the button ok.