How to maintain charts of accounts:
We are maintaining the chart of account because we are building our new company. For new company we have to maintain the chart of account.
Chart of account is the account which is used to maintain the various transactions.
To maintain the chart of account first we open the Peachtree, and then open our existing company and click on the maintain chart of account.
By clicking on “Maintain chart of account” we get the following screen.
To maintain the chart of account we have three requirements to fill.
· Account Type
· Account type
To start this process , first we enter the Account I D , then enter the Description of the transaction , than tells them about the Account Type .after completing these requirements , to save these information we press the button “Alt+s” and the procedure carry on so.
How we can delete the chart of account if it is wrongly recorded.
To delete the chart of account we press on the “Look up button” and than we got the following screen.
By clicking on the “look up button” we got the saved chart of account and than we can select the desired chart of account which we want to change, which may be wrongly, recorded. After selecting the desired chart of account we got the following screen.
To delete this desired chart of account we click on the button “Delete”
and by clicking on delete we got the confirmation question of delete .
And by clicking on “yes ‘ we can complete the process of deletion.