How to maintain Chart of Accounts:

First open Peachtree and go to the “Open an existing company” option. When you created your company data file, Peachtree automatically created a chart of accounts based on the business type selected in the Create a New Company wizard.

Then select the “maintain” option and then go to the “chart of accounts” option. The following  screen will open.

Here write your “account ID”, “account description” and “account type” . Then press Alt & S to save this. In this way you can maintain your chart of accounts.

Correction Of Chart Of Accounts:

If you have mistakenly recorded any wrong account ID, account description or account type. You can correct it by the below mentioned method.

This is known as “look up button”. By clicking this button you can change the account description and account type.

To change account ID, go to the change option and write the correct ID and then press ok button.

By applying the above mention method you can easily modify your chart of accounts.