MAINTAIN CHART OF ACCOUNTS

To establish chart of accounts click the maintains menu and “ select the chart of accounts”. general ledger default and binging balances if any.

The following window will display

You have to type accounts ID DESCRIPTION AND THE MOST IMPORTANT Account TYPE. Enter and accounts ID and description for the accounts. most chart of accounts are setup with specific accounts type grouped together.

Account types

General ledger accounts assigned are types on the general tab of the maintain of chart of account window. Select an account type from drop down list and select save to save the account.

You can enter the binging balances on the general tab. Select and binging balance button.peachtree display the select period window.

Select the period in which you want to enter binging balances. you can select from previous, current and future periods..

Select ok Peachtree display the chart of accounts binging balances window.

This account will be named binging balances equity. this account does not appear in the binging balances window but it will appear in the list of accounts on  financial statement and general ledger report.

Accounts in general Add a new ledger binging balances

in the bunging balances window accessed in the maintain chart of account window select the new button., Peach tree displays the enter new account window.

To make the account inactive

You make the account inactive to insure that no further transaction associated with it.

Select the accounts you want to make inactive To display a list of existing account. In general ledger account ID field and select the look up button.