Wednesday, April 10, 2013


Sample of chart account
First we open the Peach tree account.


 we click the maintain button on the soft wear .

then we get the chart .in the chart we give the id and name and then type of entry
In which we give the different numbers of different entries
105 is the (account id )
Cash in bank  is the (description)
Cash is ( account types )
Theses are entries we put in the account chart in soft ware
Account
id
Account description


Account Type


105
Cash in bank


Cash


109
Petty cash


Cash


110
Accounts receivable


Accounts Receivable


118
Allowance for doubtful accts


Accounts Receivable


120
Inventory


Inventory


130
Prepaid expenses


Other Current Assets









140
Property and Equipment





141
Land


Fixed Assets


142
Building


Fixed Assets


143
Leasehold improvements


Fixed Assets


144
Furniture and fixtures


Fixed Assets


145
Equipment


Fixed Assets


146
Automotive equipment


Fixed Assets









150
Accumulated Depreciation


Accumulated Depreciation


152
Depr-building


Accumulated Depreciation


153
Depr-leasehold improvements


Accumulated Depreciation


154
Depr-furniture and fixtures


Accumulated Depreciation


155
Depr-equipment


Accumulated Depreciation


156
Depr-automotive equipment


Accumulated Depreciation









160
Other Assets





162
Long-term investments


Other Assets


168
Due from officer


Other Assets





















200
Current Liabilities


Account Type


202
Notes payable


Other Current Liability


210
Accounts payable


Accounts Payable


212
Accrued expenses payable


Other Current liability


220
Wages payable


Other Current liability


221
Income Tax Payable


Other Current liability


222
Sales Tax Payable


Other Current liability









250
Long-Term Liabilities





252
Mortgage payable


Long Term Liability


261
Long-term note payable


Long Term Liability


271
Due to officer


Long Term Liability









300
Stockholders’ Equity





381
Common stock


Equity does not close


390
Retained earnings


Equity retained earning


392
Dividends


Equity gets close






























400
Revenue

                       Account Type

410
Sales


Income







500
Cost of Sales




510
Cost of goods sold


Cost of Sale







600
Operating Expenses




610
Salaries and wages


Expense

621
Advertising


Expense

622
Amortiz leasehold improv.


Expense

623
Automobile expense


Expense

626
Bad debts expense


Expense

627
Bank service charge


Expense

632
Commissions


Expense

638
Depreciation expense


Expense

640
Dues and subscriptions


Expense

643
Entertainment


Expense

650
Insurance


Expense

655
Interest expense


Expense

657
Licenses and permits


Expense

659
Miscellaneous expense


Expense

660
Office expense


Expense

666
Postage

                       Expense

667
Professional fees


Expense

668
Rent expense


Expense

669
Rental of equipment


Expense

672
Repair and maintenance


Expense

690
Telephone


Expense

691
Travel


Expense

695
Utilities


Expense







700
Other Income (Expense)




710
Interest income


Income

790
Miscellaneous income


Income







895
Income tax expense


Expense


The procedure of saving data is push the button of (alt) and(s) then the entry would be saving. Then again new entry enters as first entry and then saves



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