User Guide

Adapting the Chart of Accounts
16 Simply Accounting
Swc90wb.doc, printed on 1/3/02, at 11:14 AM. Last saved on 1/3/02 10:54 AM.
ACCPAC INTERNATIONAL, INC. Confidential
Repeat this message for the remaining e-mail forms, except
for purchase quote and purchase invoice confirmations.
Tip:
Instead of retyping the message each time, you can
select (highlight) and copy (Ctrl+C) the first message, then
paste it (Ctrl+V) in the Message boxes of the other forms.
13. Click OK to accept the settings.
Adapting the Chart of Accounts
The Service Company template you copied earlier included a list
of accounts called the chart of accounts. You will now adapt the
chart of accounts to suit the needs of Data Processing Services.
To set up a chart of accounts that reflects your needs, you change
the names and numbers of existing accounts, and add new
accounts. When numbering your new accounts, you must assign
numbers within the following ranges:
Assets 1000 to 1999
Liabilities 2000 to 2999
Equity 3000 to 3999
Revenues 4000 to 4999
Expenses 5000 to 5999
The program prints accounts on the balance sheet and income
statement in numerical order.
To adapt the chart of accounts, you open the Accounts window.
Then, to modify an existing account or create a new account, you
enter information in the following fields:
Account.
Enter the account number in the first part of the field
and the account name in the second part.
Inactive Account.
Check this box to set the account status to
Inactive. Inactive accounts are not listed in transaction windows,
and you can choose to omit them on most reports.