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 ?’

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