How to Set up General Ledger Chart of Accounts?

1. Maintain Menu
2. Chart of Accounts…option
3. Maintain chart of Accounts Window
Account ID Description Account Type
(Write) (Write) (Select) Click on
1110 Cash and Cash Equivalents Cash Save
1140 Trade Receivables Account Receivables Save
1141 Provision for Doubtful Account Receivables Save
Accounts
1150 Inventory Inventory Save
1210 Machineries Fixed Asset Save
1210-C1 Accu. Deprn.-Mach. Accu. Deprn. Save
1210-C2. Accu. Impa. Loss- Mach. Accu. Deprn Save
1220 Computers Fixed Asset Save
1220-C1 Accu. Deprn.-Comp. Accu. Deprn. Save
1220-C2 Accu. Impa. Loss- Comp. Accu. Deprn Save
1230 Truck Fixed Asset Save
1230-C1 Accu. Deprn.-Truck Accu. Deprn. Save
 How to Set up General Ledger Chart of Accounts?
1. Maintain Menu
2. Chart of Accounts…option
3. Maintain chart of Accounts Window
Account ID Description Account Type
(Write) (Write) (Select) Click on
1240 Building Fixed Asset Save
1240-C1 Accu. Deprn.-Building Accu. Deprn. Save
1240-C2 Accu. Impa. Loss- Build. Accu. Deprn Save
1250 Land –Right of Use Fixed Asset Save
1250-C1 Accu. Deprn.-Land Accu. Deprn. Save
1250-C2 Accu. Impa. Loss- Land Accu. Deprn Save
1310 Investment Property: Fixed Asset Save
Machi
1410 Intangible Asset: software Other Asset Save
2110 Accounts Payable Accounts Payable Save
2115 Income Taxes Payable Other Current Save
Liabilities
2120 Rent Payable Other Current Save
Liabilities
 How to Enter General Ledger Beginning Balance?
1. Maintain Menu
2. Chart of Accounts…Option
3. Maintain Chart of Accounts Window
1. Account Beginning Balances
2. Select Period Window
1. Know the current period [From 1/1/20 through 1/31/20]
2. Always select the Previous Period [From 1/1/19 through 1/31/19]
3. Ok
4. Chart of Accounts Beginning Balances Window
Account Description Account Type Assets, Liabilities, Equity,
ID Expenses Income
1110 Cash In Bank Cash 10,000
1140 Account Receivables Account Receivables 16,800
1141 Allowance for Account Receivables -3,100
Uncollectible
1145 Inventory Inventory 12,000