maintaining chart of accounts

Maintain chart of accounts on Peachtree Accounting

First I will open the Peachtree software where window give multiple options in these I will one of them select which is  open an existing company following are

After select the open an existing company we will chose the company which we already had been build the company. So I will use his own company for maintain the chart of accounts.. After select the company we will see

In this window I will select the maintain on title bar. Where I chose the option of the chart of accounts. A chart of accounts is a created lists of the accounts used by a business entity to define each class of items for which money or the equivalent is spent or received.

After this step we click chart of account we will show the following window

This show about the window of maintain chart of account. Here we have multiple option which we will fill according to the account:

1)The account ID determines how the account is identified and sorted in the chart of accounts list and the General ledger account is displayed as typed in description.

2)Description  which tells about the name of account

3) Account types define how the account will be grouped in reports and financial statements. They also control what happens during fiscal year-end

After this I will fill the account id, description, and account type..we will see as

After this I will press ALT+S this show that the account is save in Peachtree software.

If we want to look up the previous record of account which was save. We will select  the option this place where we can easily change the account. After all account maintain we will go to the beginning balance such as:

How to enter beginning balance:

After maintaining the chart of accounts we will click on beginning balance

Before clicking on beginning balance we check that all accounts of the company specially retained earning was entered in the Peachtree software. If forget to entered the entry of the retained earning and I want to entered the retained earning after press the beginning balances. Then it will be write but not record on Peachtree. When click on beginning balance we will be select period such are showing window

:

We have here time period which we required for maintain chart of accounts ….we have the accounts of company on 1^st Jan 2010 so here we chose the previous closing period of 1^st jan 2010 which will be on window showing 31^st Dec 2009.  If we have balance of 31^st Dec then it will be a closing balance. After this we press the ok will be showing such windows are;

  

Here we all amount of account type which we want to maintain. Here the Dr. and Cr. are same which show the account are correct.

Here trial balance is nil.

The square line show the net income balance such are following

Here we also make new account which we required or forgot for instance petty cash canbe make new of account of company.

These all are steps which are helping and maintain the charts of the company. After all these steps the company maintains the charts of 

peachtree

                                             Setup of a Company

We will open a company in Peachtree

When we have done with clicking on that following window will display

This is a introductory window which guide us through the new company setup phase which show us different parts of window you must know one to setup new company and without you

Knowing that you not go further

This window guide us how to open a new company compulsory particulars are show which provide us the window

There is show charts of accounts which provide several method for setting up your company select one of the following under which have given  if you want to create a new retail services then click 1^st option otherwise which you want  in these categories you can build our own company and this will done in drive c  under the Peachtree document

This window show the accounting method in which Accrual bases method and Cash based method are used accrual method is mostly uses in the accounting  in which cash is done when entry is done and in cash  based  method cash is pay first

In this window when new company is setup posting method is also set by the person who make the company two method uses Real time  and Batch method  in real time method transaction are posted to the general ledger as they are entered 

Accounting period are units of time that divide your fiscal year for reporting purpose

In Peachtree accounting. You can divide the fiscal year into as many 13 periods. Most companies use monthly accounting periods there is two type periods 1 is 12 month accounting

And other is accounting periods that do not match the calendar month

Different company start accounting periods from different months but mostly start  from 1^st January to 31^st dec  it may be start from March 13, 2013 or may be other but it complete in 13 February

 This window show that your company have set up and your require information have complete at Peachtree 

How to Open a Document in Word 2010

How to Open a Document in Word 2010

By Dan Gookin from Word 2010 For Dummies

You have several ways to open a Word 2010 document that was previously saved as a file on disk. Open is the standard computer command used to fetch a document that already exists on the PC’s storage system. You use Open to hunt down documents that were previously saved and open them like you’re unwrapping a present. The document is then displayed in Word's window as though it has always been there:

 Enlarge

1

Choose the Open command from the File tab menu.

Alternatively, you can use the keyboard shortcut Ctrl+O. Either way, the Open dialog box materializes.

2

Locate the document you want to open.

The Open dialog box — vast and wild as it is — contains a list of documents previously saved to disk. Your job is to find the one you want to open. Using the Open dialog box, you can examine various folders on your PC's hard drive, and on any computer network your PC is connected to, to scour for files to open.

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3

When you find the file, select it.

The file appears highlighted in the dialog box.

4

Click the Open button.

Word opens the highlighted file, carefully lifting it from your PC’s storage system and slapping it down on the screen.