How to maintain Chart of Accounts on Peachtree

Steps to be followed:

     Open software Peachtree

Click on the “existing company”

Then follow the option “MAINTAIN”

Select “CHART of ACCOUNTS”

Then a window will open with the name of chart of Accounts

Give a suitable Account Id .

Example: 105

Then press the Tab key to give description accordingly

Example: if your account Id is 105 then the description would like Cash in Bank

Again press the Tab key it will shift your cursor on Account type , then if your Account type is starting from Alphabet “C” then automatically CASH Account will appear here right away press Key “Alt S” to save your Accounts.

Between if any error has occurred while making Chart of Accounts then we can reconcile it by following some methods given below:

Move cursor on “Look up Button”which is next to the Account  id,

Click on it and it shows you a list of Accounts which you’ve been made

If you have done a wrong entry for 105 cash in bank than you can go to the Look up button and choose the option change id then press ALT S to save the data

And if you want to delete any wrong entry then choose the account id and press Delete

Then press YES to delete the accounts.

How to Maintain Beginning Balances:

After the setup of a company at Peachtree you’ve to ascertain Chart of Accounts, General Ledger Defaults and beginning balances.  Now to ascertain Chart of Accounts click “MAINTAINS” and then select “Chart of Accounts”

Here a window will appear where you’ve to give a suitable id, description and an Account type.

Select the Beginning balances Button. Peachtree shows a Select period window.

Select the period in which you’ve to enter the Beginning Balances.

Select OK. Peachtree shows the Chart of Accounts Beginning balances window.

Click to any white bar and type the amounts relatively. Enter all the beginning balances and make sure they would be correct and you did not left out with any account.

How to add a new Account in Beginning Balances:

Whenever you want to add a new account go to Maintain Chart of Accounts window and select New Button, Enter new account id, Description, account type and press OK.

How to Delete an Account from the Chart of Accounts:

If an account has a nonzero balance then you can enter an adjusting transaction to the General Journal to bring accounts balance to zero.

How to maintain the account stationary:

Select an account which you to make immobile and click on a look up button

          

    

setup of a new company

Setup of a Company

We will open software called peachtree then a window will appear we have to choose setup a new company

Now we will click on setup a new company there a window will appear

This is an introductory window that tells us what information we should have to proceed with the new company setup

Now we have to press the Next button here the company information has to be given and initials have to be filled

Now click on the Next Button… here it will be asking about chart of accounts where we have to provide several methods for setting up your company where we have to select build up your own company and then press Next

Now a window will appear asking about the accounting methods we by selecting an Accrual Method simply press next button

Now posting method would be the real one

We  choose accouting periods according to our company setup accounts where we select 12 monthly accounting period which a normal accounting period.

Now within a next step we’ve to choose a month when the accounting period will start and the when first time the transaction will be recorded.

Now click on “Next” and then select “Finish” here the company set up completes.

open a file in word

             How to open a file in Word 2007

Steps:

To open a file we will go to the Office button

Then we will click OPEN

Double click the file menu