Chart of accounts in Peachtree

Now once the company is created we will start making thechart of accounts of the company as we choosed the option of create own company when the software asked about the chart of accounts .After clicking on finsh some screen like this would appear

Now to add the chart of accounts the click on the maintain menu placed on the top under the title bar of the window

You will get a window some what like  this

First there is an option of entering the account id in which we will write the numeric  id which has been allotted to the specific account to be entered then press tab and the cursor would move to the description box. Then there is another box for the description in which we would write the account name which has to be entered. Enter the name of the account and press tab key. The cursor would then automatically move to the account type option. There you need to select the account type from the list given. To find the account type quick we can press the key of the starting letter e.g if you need to give the account type as cash you can click on the “C” button on your key board till the time cash appears. Set the account type and press the save button on the top of the widow to save or press the keys “Alt” plus “S”. The accounts would get saved in the chart of accounts.  Then the same way enter all chart of accounts.

To check back the charts of accounts or to access them and retrieve them click the magnifier button on the right side if the account id box a drop down menu would appear like below.

 

There you can see the record of all the chart of accounts you have entered along with the account id account description and the account type. By double clicking any account you need you can access that account.

Then on another right side if the magnifier button there are two buttons consisting opposite pointing arrows they are the next and backward button to work on the next account to which is opened click the next button i.e. the extreme right button in which the arrow is pointing to the right side. And to revert back to the immediate back account click the button in which the arrow is facing to the left side.

 Now to check the full list of the the accounts that you have entered click “Reports” button on the top in the menu bar this would open a drop  down menu. Click the general ledger option from that menu

By clicking on the general ledger option  a dialogue box will open some what like the following

From this table click on to the chart of accounts option to see all the charts of accounts to see the list of all the chart of accounts created by you. We can check the function of that option on the report description

The above   table shows all the chart of accounts that has been created