Chart of accounts

A chart of account is a listing of the names of the account that a company has identified and made available for recording transactions in its general. A company has the flexibility to maintain the accounts to best suit it needs.

Maintain chart of accounts:

 Charts of accounts defined on the General ledger. We have maintained chart of accounts in Peachtree Accounting software. So open the Peachtree Accounting and then open an existing company which you make. Then your curser has on toolbar on MAINTAIN command.

Then click on chart of accounts and open a box of chart of accounts as:

Here chart of account dialogue box is showing. And then we add the account. Column of ACCOUNT ID is that the code of account has written. Then In DESCRIPTION column we wrote the name of account then press ALT+S to save the account where we wrote. So every account has been written in two columns and with the press of ALT+S to save this account. And in GENERAL this compulsory that what type of account are marinating.  So, if we check the accounts here save these accounts. So, click on  OPEN A LIST ACCOUNTS TO SELECT FORM. Then open this box;

Correction in any chart of accounts:

            There may be a wrong entry in either in accounts. Then we correct the entry or word in this dialogue box. If (Retained Earning) will be written. Then correction of spelling will that click on DESCRIPTION column then correct the words.

But we save this account. Then we will click on OPEN A LIST ACCOUNTS TO SELECT FORM. Then see this account which you spelling or wrong name post of account. Then click on this account to show in this picture.

  After the open this account we have see that spell which we was wrote and save it. Now we want to correct this spelling. Then click on Description column and do the spelling check and actual spelling write. Then press ALT+S to save this account.

Then again open the OPEN A LIST ACCOUNTS TO SELECT FORM to check the account spelling and confirm to this account that accounts is all right or not.

If we delete any account, which we do wrong posted. And we want to delete this account which to save it. Then click on OPEN A LIST ACCOUNTS TO SELECT FORM and then double clicking on this account to want you deleted. After double clicking the account you have to open this account and in top you see to toolbar.

  

Click on delete button and after click on delete, software ask you that are you sure want to delete this record. If confirm you want to delete this column then OK. After click on OK your account has been deleted.