Set Up Chart of Account

Chart of accounts is the underlying system for all the work you do in Peachtree. Each time you save (or post) a transaction, an entry is made to at least two accounts – a debit or credit.

If during setting up a company, you select to build chart of account from sample business type, there will be a list of account created already for you. However, if you select to build your own chart of account, there will be no any account yet in account list.

1. Select Maintain on menu, click on Chart of Accounts…



2. Enter Account ID, Description, and select Account Type.



3. Click on Save or Save & New.