Maintain chart of accounts & beginning balance at Peach tree;

Maintain chart of accounts & beginning balance at Peach tree;
 step 1:

·         First of all login your own company.

·         Secondly the main page of company will open on screen.

 step 2:

·         When main screen will open then press the option of maintain.

·         Click on maintain option.

 step 3:

·         Click the option of ‘ chart of accounts ‘ in maintain option.

·         When u click on COA then chart bar will open.

There are different kind of options in chart bar.

·         On upper bar there are  six option

-          Close

-          Save

-          Delete

-          Change id

-          Next

-          Help

·         When u go downward there are many kind of options like :

-          Account id

-          Description

-          Inactive

-          General

-          Budgets

-          Account type

-          Beginning balance

-          period history

-          debits

-          credits

-          period activity

-          running balance

·         we wrote specific account num in account Id.

·         We give name a specific name to account in description menu.

·         We mention account type according to the specification of accounts.

     step 4:

·         In this step we click on ‘check in’ option.

·         Then drop down menu will open.

 step 5:

·         we can change account id.

·         We can change description.

·         We can change account ID.

step 6:

          

·         Click the option of reports in upper bar menu.

·         Then click general ledger.

step 7:

·         Click option general ledger.

·         Open this page when u click on general ledger.

 step 8:

·         When u click on general ledger menu then this page will open as shown in up side.

How to enter beginning balances?

Ø There are different kind of steps..steps are given below ;

   Step 1:

·         1^st of all open PEACHTREE software.

     Step 2:

·         On 2^nd click on option ‘ OPEN AN EXISTING COMPANY ‘

·         When you press click on this then main page of your existing company will open.

    Step 3:

·         On 3^rd click the option of ‘MAINTAIN’

Ø  NOTE; before enter data in beginning balance you should confirm that retain earning account is maintained or not.

     Step 4:

·         On 4^th when you click on maintains option then open the chart of accounts by click the option.

     step 5:

·         On 5^th click the option ‘ BEGINNING BALANCE ‘ then a window will open.

Ø  “WINDOW”

·         This is select period window.you will find different kind of periods in this and select one time period which suits you.

·         There are periods of last balances.select your previous period and then enter the data.

·         If you are going to start a new company on n1st jannuary then you shoul select the month of december of the last year and that is 31^st dec of last yeAR.

·         Select the period.

·         Now click ‘ok’

     Step 6:

·         On 6^th step when you click the ‘ok’ button the this window will open.

·         This is ‘ chart of accounts beginning balances ‘

Ø  There are different options are mentioned in this window. Options are following ;

·         Account id

·         Account dwscription

·         Account type

·         Accounts expenses

·         Laibilities, equity, income

·         Enter data in accounts expenses will be on left side.

·         Enetr data in laibilities, equity, income will be on right side always.

·         Balances on both side should be equal.

·         If balnce is not equal on both side then software make a account by the name of ‘diffrance posts to beg bel equity ‘ and put this account in chart of accounts.

·         In this window software calculate your income automatically.

·         If you want enter a new account ten you can enter it by click the option of ‘NEW’ is given on the uper side of window.

·         When you click the option of ‘NEW’ then thos window will open.

Ø  In this window is known as Enter new account.

Ø  In this window there are five options ;

·         Account id

·         Description

·         Account type

·         Ok

·         Cancel

These all are those steps which helps you to ‘HOW TO ENTER BEGINNING BALANCE ?’

-           

Setup For Build a

Peach tree accounting software   c

Different steps are followings:

Step 1:

As we know this is the 1^st setup of Peach tree accounting software. In this we will discuss about different steps

1)      Open an existing company

2)       SETUP A NEW Company

3)      Learn about Peach tree accounting  through an online tutorial

4)      Explore a sample company

5)      Convert from one company to another company

6)      Close this window

Step 2: 

This is second step of Peach tree accounting software. In this we discuss about introduction of new company setup. In this we give  or  enter  a  complete  detail  about  an  company.

Step 3:

This is 3^rd step of new company setup. In this we enter a complete detail about our company. Address, Telephone, fax, city, country, email id, website and etc..

Step 4:

This is a 4^th step of new company setup in Peach tree software. In this we discuss about chart of accounts. In this chart of accounts different kind of steps and exists.

1)      Setup about different type of chart of accounts e.g. retail, services, construction, manufacturing, distribution   company   etc.

2)        Extensive chart Of accounts

3)      Copy setting from existing Peach tree accounting software.

4)      Convert a company from another accounting program.

5)      Build your own company.

Step 5:

 

In this we read about the selection of business type.

Step 6:

In this we read about two type of accounting methods.

1)      Accrual method

2)      Cash method

Accrual method: income is recorded as u invoice the customer.

Cash method: income is recorded as Cash is received.

 Step 7:

In this 7^th step we discuss about posting method. In posting method we discuss two types..

1)      Real time

2)      Batch

Real time: transactions are posted on general ledger.

Batch: transaction s are saved by the programs

Then we select one of these.

Step 8:

In this 8^th step we discuss about accounting periods.

1)      12 month accounting period

2)      Accounting  period  that don’t match the calendar months.

Then select one.

Step 9:

In this steps we see that when we should start our company or accounts means what date should be mentioned , what month should be mentioned, then enter the data according to your  planning .

Step 10:

This setup is known by defaults in this we enter two kind of information

1)      Vendor information

2)      Customer information

Vendor information: 

in this three kind of factors are involved:

1)      Payment terms

2)      Credit limit

3)      Age invoice

Customer information:

In this 4 type of factors are involved

1)      Payment terms

2)      Credit limit

3)      Age invoice

4)      Finance charges         

Step 11:

This is final step. In this we received a configuration message from the software. Then finish the setup.