SAMPLE CHARTS OF ACCOUNTS AND How to enter beginning balance

          SAMPLE CHARTS OF ACCOUNTS

First open the Peachtree soft way

And open the open an existing company

Your company is open and click the maintain and open the chart of account

The chart of account is open and enter the account ID and description(account name) and

Account Type

This identifies the category for which the account is used in financial statement processing. If you are unsure which type to use, ask your accountant or refer to the sample charts of accounts listed in the online Help.

Select an account type from the drop-down list.

Any account has search. the enter search button the all account has open   

                                                

Delete Select this button to delete the displayed record, if permitted.  When you're finished deleting, select Close, not save, in order to delete the records.

Note: If the record has outstanding transactions associated with it, you will not be allowed to delete the record. For example, you cannot delete an account record if there are transactions that use that account ID.

Change ID

Select this button to change the account ID for the displayed GL account record.

Save Select this button to record information entered in the window as a new or updated account record.

How to enter beginning balance

Beginning Balances

Select this button to enter the beginning balance for accounts or to adjust the balance for accounts in a previous period.

Select Period/ Select Period to Adjust

If this is a new chart of accounts and no transactions have been posted to an account, you can enter a beginning balance for the account for a previous accounting period, the current accounting period, or a future accounting period. When setting up a new chart of accounts, it is best to wait to enter the beginning balances until after you have set up all your accounts. Select the period in which you want to start your beginning balances by highlighting the period and selecting OK.  If you have already entered transactions and need to adjust a beginning balance in a prior period, select the period from this dialog box by highlighting it and selecting OK.

The windows has open

And enter the amount. The all amount has enter the peachtree software has calculated the all amount and give the Net Income

Trial Balance

This is the difference between the sum of assets and expenses and the sum of liabilities, equity, and income. When you are in balance, this amount should equal zero (the two sums should equal each other).

If you are out of balance and select OK (not recommended), an equity account will be created (or updated) to contain the difference of the out-of-balance amount.

Net Income

This is the difference between income and expenses.

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