sagheerali: 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