There are three most IMPORTANT Manu

Peachtree

1)Maintain

2)Task

3) Reports

Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel

Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel

Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel

Charts of Accounts

A chart of accounts is a listing of the names of the accounts that a company has identified and made available for recording transaction

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Account Id Standard

1) Assets

2) Liability

3) Equity 4) Income

5) Cost of Sale

6) Expense

Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel

Charts of Accounts

1000-1999

2000-2999

3000-39994000-4999

5000-5999

1000-1999

How to make Charts of Accounts?Maintain Chart of Accounts

3 Fields are Important

1. Account ID:2. Description:

3. Account Type:

Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel

Chart of Accounts ListAccount ID Account Description Account Type

1000 Cash Cash1001 MCB Cash1002 Petty Cash Cash1003 Account Receivable Accounts Receivable1004 Inventory Inventory1005 Other current assets Other Current Assets1006 Fixed Assets Fixed Assets2001 Accounts Payable Accounts Payable2002 Sales Tax payable Other Current Liabilities2003 Tax Liabilities Other Current Liabilities2004 Bank Loan Long Term Liabilities3001 Initial Capital/Retained Earning Equity-Retained Earnings3002 Capital Equity-doesn't close3003 Drawing Equity-gets closed4001 Income Income4002 Motherboard S Income4003 Ram S Income4004 Processor S Income4005 Hard Disk S Income4006 Sound card S Income4007 Lan card S Income4008 Monitor S Income4009 Keyboard S Income4010 Mouse S Income4011 VGA card S Income4012 P4 S Income5001 Cost of Sales Cost of Sales5002 Motherboard P Cost of Sales5003 Ram P Cost of Sales5004 Processor P Cost of Sales5005 Hard Disk P Cost of Sales5006 Sound card P Cost of Sales5007 Lan card P Cost of Sales5008 Monitor P Cost of Sales5009 Keyboard P Cost of Sales5010 Mouse P Cost of Sales5011 VGA card P Cost of Sales5012 P4 P Cost of Sales6001 Expense Expenses6002 Salary Expense Expenses6003 Tax Expense Expenses6004 Photocopy Expense Expenses6005 PTCL Bill Exp Expenses6006 Shop Rent Exp Expenses6007 Rent Exp Expenses

Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel

How to Check Reports of Chart of Accounts?

Reports General Ledger

Chart of Accounts

Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel Fb.com/pakifa