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Add user in peachtree quantum 20103/17/2024 Let’s look at the information that we must provide Peachtree in order to add accounts to the chart of accounts. When you go to create new accounts in the Chart of Accounts, you will need to fill in the Account ID that you want to give to the account, the description of the account, and then set the account type. When you are done selecting a rounding account, click “OK” to set it. Typically, the “Retained Earnings” account is used. This account can be either a balance sheet account, or an income statement account. You simply select the rounding account used by Peachtree to store rounding differences on financial statements. When you want to set the defaults for the General Ledger, you select “Maintain| Default Information| General Ledger…” from the Menu Bar to bring up the “General Ledger Defaults” window. Here we will look at setting the defaults for the General Ledger This set of accounts is called the Chart of Accounts. Every transaction that occurs is eventually posted to the set of accounts that make up the General Ledger. The General Ledger records all financial information for your company. In this post, we will discuss the general ledge default settings and also how to add accounts. There are many different types of accounting software that businesses can use.
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