Who to maintain Chart of Accounts

Chart of Accounts

What is Chart of Account?

          A chart of account is a way of showing a business’s financial information such a way that it is possible to make good financial decisions based on the information that shows.

The COA will be made up of all the individual accounts that make up the overall accounts of a business.  

We build a new company on Peachtree because we make our chart of accounts. When we set up new company this window will appear:

  

From this we will click on option Maintain from the tab than the window display:

We will receive different options and we select option chart of account this window will appear:

By clicking on chart of account we receive this window:

In this window we will put the information: Account id, Description and Account type. By entering the information this window will display:

 

Than we save this by pressing Alt+s to save the account of cash.

Who to enter beginning balances:-

We will build a new company and make chart of accounts in it. Firstly check We will check that we make retain earnings account or not than we enter beginning balances.  Click on maintain and select option Chart of account this window will appear:

 

We make chart of accounts know we put beginning balances of the accounts. We will click on option of Beginning balances that window will display:

After that we select period to Enter Beginning Balances we select this:

 

Than we press Ok and we will receive this window for entering balances of all accounts:

We will enter the balances of cash, account payable, inventory, prepaid rent, machinery and so on. That window will appear:

We will enter all balances and the both sides of trail balance is equal. If there is any difference in total it shows in trial balance. We will net income from this procedure.

Opening Word Documents

Opening Microsoft Word Documents We'll shortly add an address to the top of our Library Complaint letter. Before we do that, we'll learn how to open a file. After all, you might have closed down Microsoft Word, or your computer might have crashed. The result being that you no longer have your library letter loaded into Word. So here's how to Open a file you have saved, and want to work on again. From the File menu, click Open: The Open dialogue box appears, and looks like the image below: The Open dialogue box looks very similar to the Save As dialogue box. "Save in", "File name", and "Files of type" work in exactly the same way as the Save As dialogue box. Notice, though that the File name text box is blank, and the Open button is not available. It has been greyed out. The reason that the Open button is greyed out, and therefore not available, is that text box is empty. Once you select a file, the Open button will be ready for us. But the text box is empty because no file has been selected. A file is selected from the larger white area in the middle. Clicking on the file once with the left hand mouse button will select a file. In the previous image, there was only one file available for selection - a document called "rrKeyCaps.doc". That is not the one we want. To locate the file we want, we need to open the folder called "My WP Projects". Because that's where we saved it. You can see from the image that this folder is in the list of folders, just below the folder called My Pictures: You can see also that we are in the folder called My Documents. To open up the folder we want, simply double click it. This will take us inside the My WP Projects: The whole Open dialogue box now looks like this: The file we want, Library Letter, has been clicked on. As a result, the Open button is no longer greyed out. We can go ahead and click it. When we do, our letter will open in Microsoft Word. To recap then on how to open a file. Do the following · Navigate to the folder where the file was saved · Click on the file to select it · Click the Open button OK, now that you know how to Open a file, we can start adding the address to our letter. Learn how to add an address to a letter --> <--Back to the Word Contents Page View all our Home Study Computer Courses