Charts of Accounts and Entering Opening Balances

How To Make Charts Of Accounts In PEACH TREE

                                       

To create the charts of accounts in PEACH Tree, first of all open ‘Maintain’ option in the menu bar.

Then click on the ‘Chats of Accounts’ option, a separate window will open as following:

There is written Account ID, Description and black spaces are available in front of it.
Fill on these ‘Account ID’ and ‘Description’ according to your schedule of coding. Manage the ‘Account Type’ in order to place the entry of the any ID into its perfect Head. Following picture will show the example:

                              

I have made an account ID 210 which describes the Account type Accounts Payable with the description Salaries Payable.

After completing all the accounts into there heads, there will be the completed list. We can check it by clicking the magnifying icon present in front of Account ID.
like

                                      

All account are being made. After this, to enter the opening balances of these heads, we enter the amounts by clicking the beginning balance option. And select the correct period. Like my balances are starting from 1 Jan 2010 so I will take the closing balance of 31 Dec, 2009.\

As,

                                       

After selecting the desired period, a window will open. Fill the opening balances that you get from the closing balance of the previous month. I had filled an example as following:

                                        

By filling the entered accounts you will get the Net Income i.e Income – Expenses.