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How creat chart of accounts
- 1. Peachtree There are threemost IMPORTANT Manu 1)Maintain 2)Task 3) Reports Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel
- 2. Prepared & DevelopedBy Sir Faizan Ahmed Designed & Composed By Sidrah Jameel
- 3. Charts of Accounts Achart of accounts is a listing of the names of the accounts that a company has identified and made available for recording transaction Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel Fb.com/pakifa
- 4. Charts of Accounts AccountId Standard 1) Assets 1000-1999 2) Liability 2000-2999 3) Equity 4) Income 3000-3999 4000-4999 5) Cost of Sale 5000-5999 6) Expense 1000-1999 Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel
- 5. How to makeCharts 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
- 6. Chart of AccountsList Account ID 1000 1001 1002 1003 1004 1005 1006 2001 2002 2003 2004 3001 3002 3003 4001 4002 4003 4004 4005 4006 4007 4008 4009 4010 4011 4012 5001 5002 5003 5004 5005 5006 5007 5008 5009 5010 5011 5012 6001 6002 6003 6004 6005 6006 6007 Prepared & Developed By Sir Faizan Ahmed Designed & Composed By Sidrah Jameel Account Description Cash MCB Petty Cash Account Receivable Inventory Other current assets Fixed Assets Accounts Payable Sales Tax payable Tax Liabilities Bank Loan Initial Capital/Retained Earning Capital Drawing Income Motherboard S Ram S Processor S Hard Disk S Sound card S Lan card S Monitor S Keyboard S Mouse S VGA card S P4 S Cost of Sales Motherboard P Ram P Processor P Hard Disk P Sound card P Lan card P Monitor P Keyboard P Mouse P VGA card P P4 P Expense Salary Expense Tax Expense Photocopy Expense PTCL Bill Exp Shop Rent Exp Rent Exp Account Type Cash Cash Cash Accounts Receivable Inventory Other Current Assets Fixed Assets Accounts Payable Other Current Liabilities Other Current Liabilities Long Term Liabilities Equity-Retained Earnings Equity-doesn't close Equity-gets closed Income Income Income Income Income Income Income Income Income Income Income Income Cost of Sales Cost of Sales Cost of Sales Cost of Sales Cost of Sales Cost of Sales Cost of Sales Cost of Sales Cost of Sales Cost of Sales Cost of Sales Cost of Sales Expenses Expenses Expenses Expenses Expenses Expenses Expenses
- 7. How to CheckReports of Chart of Accounts? Reports Chart of Accounts General Ledger
- 8. Prepared & DevelopedBy Sir Faizan Ahmed Designed & Composed By Sidrah Jameel Fb.com/pakifa