Chart of Accounts

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Revision as of 20:50, 26 October 2015 by PSaeger (talk | contribs)
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If not imported from your data, the default Chart of Accounts will include only three selections: Accounts Receivable, Membership Dues (income), and Sales Tax (liability). Create or modify these accounts as desired.

Modify Chart of Accounts

Administrator level permissions are needed to modify the items in the Setup menu.

  1. Click Setup in the left-hand menu.
  2. Click Chart of Accounts in the "Billing" area.
    Coa1.jpg
    Figure: Default Chart of Accounts
  3. The current Chart of Accounts will display.
    a. To create a new account, click Add Account and complete the next window. See
    Note: Chart of Accounts names created by users who intend to export transactions to PeachTree should name their accounts here with the Peachtree Account ID (numeric value) instead of the Account name.
    Coa2.jpg
    Figure: Create a New Account
    b. To remove an account, click the title of the Account in the Account Name column and then click Delete.
    c. To modify an account, click the title of the Account in the Account Name column; make desired changes and then click Save.
    Account Type Selections:
    Coa3.jpg

Selecting Undeposited Payments Account

You may designate an account from your chart of accounts to hold undeposited payments and sales receipts. You may also choose the default placeholder account Undeposited Funds instead of choosing a specific account. This is selection is especially helpful for those exporting to Peachtree.

  1. Click Setup in the left-hand menu.
  2. Click Chart of Accounts in the "Billing" area.
    Coa4.jpg
  3. Select the appropriate Undeposited Payment Account.
    Peachtree users: Within Peachtree create a new chart of account item for undeposited funds. Go to Lists, Chart of Accounts, New. The Account ID field is what needs to match the ChamberMaster Chart of Account Account Name field. Once this has been created in both Peachtree and ChamberMaster, go into the Chart of Account list in ChamberMaster and set that account as the Undeposited Payment Account. Once this has been completed, Payments and deposits will flow through to Peachtree in the Journal Entry Export.