How can maintain chart of accounts in Peach-tree:

How can maintain chart of accounts in Peach-tree:

First open the Peach-tree software   show the following page:

Click on the “open an existing company” show the following window:

Select the company following page open:

In the first bar click on maintain open the following list:

In this list select the chart of accounts, show the following window:

In this window enter the account ID, Description and Account type and save it (AIT+S). Following accounts are entering:

Account ID	Description			Account Type
105	Cash in bank			Cash
109	Petty cash			Cash
110	Accounts receivable			Accounts Receivable
118	Allowance for doubtful accts			Accounts Receivable
120	Inventory			Inventory
130	Prepaid expenses			Other Current Assets
140	Property and Equipment
141	Land			Fixed Assets
142	Building			Fixed Assets
143	Leasehold improvements			Fixed Assets
144	Furniture and fixtures			Fixed Assets
145	Equipment			Fixed Assets
146	Automotive equipment			Fixed Assets
150	Accumulated Depreciation			Accumulated Depreciation
152	Depr-building			Accumulated Depreciation
153	Depr-leasehold improvements			Accumulated Depreciation
154	Depr-furniture and fixtures			Accumulated Depreciation
155	Depr-equipment			Accumulated Depreciation
156	Depr-automotive equipment			Accumulated Depreciation
160	Other Assets
162	Long-term investments			Other Assets
168	Due from officer			Other Assets
200	Current Liabilities			Account Type
202	Notes payable			Other Current Liability
210	Accounts payable			Accounts Payable
212	Accrued expenses payable			Other Current liability
220	Wages payable			Other Current liability
221	Income Tax Payable			Other Current liability
222	Sales Tax Payable			Other Current liability
250	Long-Term Liabilities
252	Mortgage payable			Long Term Liability
261	Long-term note payable			Long Term Liability
271	Due to officer			Long Term Liability
300	Stockholders’ Equity
381	Common stock			Equity does not close
390	Retained earnings			Equity retained earning
392	Dividends			Equity gets close
400	Revenue		Account Type
410	Sales			Income
500	Cost of Sales
510	Cost of goods sold			Cost of Sale
600	Operating Expenses
610	Salaries and wages			Expense
621	Advertising			Expense
622	Amortiz leasehold improv.			Expense
623	Automobile expense			Expense
626	Bad debts expense			Expense
627	Bank service charge			Expense
632	Commissions			Expense
638	Depreciation expense			Expense
640	Dues and subscriptions			Expense
643	Entertainment			Expense
650	Insurance			Expense
655	Interest expense			Expense
657	Licenses and permits			Expense
659	Miscellaneous expense			Expense
660	Office expense			Expense
666	Postage		Expense
667	Professional fees			Expense
668	Rent expense			Expense
669	Rental of equipment			Expense
672	Repair and maintenance			Expense
690	Telephone			Expense
691	Travel			Expense
695	Utilities			Expense
700	Other Income (Expense)
710	Interest income			Income
790	Miscellaneous income			Income
895	Income tax expense			Expense

If delete the any account select the account and press this button:

If change the account ID select the account and click the button “change ID”

Check the charts of accounts click in the Report option show the following window:

Select the general ledger. Show the following window:

 In second column select the chart of accounts, show the all accounts.

How to input the beginning balance

Open the maintain of chart of account following window open

Click on the beginning balance following window open

Select the period in accounting period 12 months include. Select the beginning balance and click on the OK  Before click on OK retain earning account made. Click on the OK following page open

Fill amount in this column. If balances are not equal check the accounts. In this window check the total income. For example

In this window show the income and expense, net income and other things.

Save the window click on the “OK”