Tuesday, 26 March 2013

How to enter opening balances in Peachtree accounting software?


How to enter opening balances in Peachtree accounting software?
Open Peachtree, built a new company. When you have opened a new company then maintains your chart of accounts. Let’s have a sample of data here
Go to maintain chart of accounts menu, and enter all data. Once you have maintain your charts of accounts, click on beginning balance
When you click on beginning balances remember you already prepared the account of retained earnings. Otherwise, software will not save your balances. After that new window will be opened
 
Select period, then new window will be opened
Enter up all balances of above question. The total on debit and credit side shall be same. Then press OK, it’ll save your balances.

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