Maintain Charts of Accounts

Maintain Charts of Accounts

Step 1:

For chart of accounts you can first make a new company for setup a new company then u will show that on your screen

Step 2:

After that u will see on the top of this shown on your screen you will see the maintain so click on maintain then

Step 3:

Then you see the further and then you will select “chart of accounts” and then

Step 4:

Selecting “chart of accounts” then you will see on your screen

Main heads are this:

Account ID, Description, Account Type and Inactive

Account ID:

In this you will write a numeric codes for your maintained accounts of your financial statements.

Description:

In this you will write the name of the account. e.g Cash, Land etc.

3.  Account Type:

In this should select any suitable option and the nature of the account. For e.g cash, accounts receivable.

4. Inactive:

Allow you to stop or start the posting in a specific account. By checking it you are now allowed to enter or no transaction will be recorded in that account

Then u will fill that by given data that u have given like this

Step 5:

After all entry that u have given then u will see the “ beginning Balances” on above picture like this

Click on that then you will see on your screen

Now see that u trail balance is start on Jan 1^st so beginning balance is start for 31 Dec of preview year

Step 6:

After selecting the year and date correctly you will see on your screen

And then see the name of accounts and type of account and enter the amount of all and at all you have zero balance it means that you has enter correctly amounts then click on save above on that your accounts is maintain is completely.