How To Maintain Chart Of Account

MAINTAIN CHART OF ACCOUNT:

After making the company the next step is making company chart of account.Than first we go company window.

And go to maintain menu and select the option of chart of account.

 After select this option than a window is appear on the screen.

 Than first step is enter ACCOUNT ID.

ACCOUNT ID:

In account id enter the different id in the account,every account has different id for example cash is on 100 than account receivable is 110.after entering the account id the 2^nd step is fill to description.

DESCRIPTION:

In descriptin write the name of account.

For example cash,account receivable,inventory etc.

Now go to the gerenal and than account type.

ACCOUNT TYPE :

Account type is the type of description,for example furniture type is fixed asset.

Than select the option of begning balance.

BEGNING BALANCE:

In begning balance select the relative period.

After selecting this period than enter the balance of accounts when we enter the complete balancs.

Than all of this procedure we go to the inactive option.

INACTIVE ACCOUNT:

if we click the inactive the account than this description is not show in the account ID.

How to start a new company using peachtree software

How to start Peachtree company:

First we open the peachtree software than the window is open on the screen.

Now we click the set up a new company.when we click this type of window is appear.

Now we click the next button than a window is appear.

When we fill the all options like:

Company name

Address line 1

Address line 2

City zip

Country

Business type ete.

After filling the option than we click the next button than this type of window is appears.

ACCOUNTIN METHOD:

In accounting methods we select the method.two types of method.

1. Accrual

2. cash

We select the accrual and click the next button than a window is appears.

POSTIN METHOD:

In posting method we select the real time and than click the next button than a window is appear.

ACCOUNTING PERIOD:

In accounting period we select the 12 months perion and than click the next button,than a window is appears.

When we select the financial year of the company and first month,than we click the next button and this type of window is appear.

Than we click the finish button now your company is made,and ready to use.

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