Tuesday, 16 April 2013

How to enter beginning balances


Enter begining balances on chart of accounts





Here are some  entries   which u have to enter  in opening balance of your peach tree company  there are different account id  its description , we have chart of account now we hav to make beginning balances
Beginning accounts balances we have  to made on peach tree chart of accounts…..
From the chart of accounts you hav to make beginning balances
When u click on the beginning balance there are some years come before and after then you have to choose the year which u have to start  your  year I hav chosen year 1.01- 2013 thorough 1- 31-13
After selecting the year which u hav to enter opening balances then you have to enter next step by pressing the ok button then the next step u have entered……so choose the month which is current of your year start and press ok and when you press ok button then you will see what is in next step what you have to see is in next step
Here……. There are id and description which we have already enterd now on the first equity side we have to enter all its  balances on assets and equity like 
Here we entering  the  the balances one by one like cash in bank 1000
Then petty cash and so on like this full all assests and equity incomes  and you have to enter all cash enteries one by one all liabilities and assets are should be entered decoratively 

When you have fully enter all the amounts then you have to press ok button to save this account when u hav press ok button 
there are five columns respectively Account id , Account description , account type , assets and expenses and then liabilities, equity and income and enter all entries in debit and credit order 
u can save it by pressing OK button which is OK on screen upward of just use shortcut key  " alt+0 " and your work will be saved and the software will show the current months closing and next months opening balances











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