What is the process for setting up a chart of accounts in Pastel Accounting?

2 How to access the chart of accounts in Pastel Accounting?

To access the chart of accounts in Pastel Accounting, you need to open the company file that you want to work with. Then, you need to go to the Setup menu and select General Ledger Accounts. This will open a window where you can view, edit, add, or delete the accounts in your chart of accounts. You can also use the search function to find a specific account by its number or name.

3 How to edit an existing account in Pastel Accounting?

To edit an existing account in Pastel Accounting, you need to select the account that you want to modify from the list and click on the Edit button. This will open a dialog box where you can change the account details, such as the number, name, type, category, tax code, and reporting group. You can also change the account status to active or inactive, depending on whether you want to use it or not. After making the changes, you need to click on the Save button to update the account.

4 How to add a new account in Pastel Accounting?

To add a new account in Pastel Accounting, you need to click on the Add button in the chart of accounts window. This will open a dialog box where you can enter the account details, such as the number, name, type, category, tax code, and reporting group. You can also choose the account status to active or inactive, depending on whether you want to use it or not. After entering the details, you need to click on the Save button to create the account.

5 How to delete an account in Pastel Accounting?

To delete an account in Pastel Accounting, you need to select the account that you want to remove from the list and click on the Delete button. This will open a confirmation message where you need to click on the Yes button to proceed with the deletion. However, you cannot delete an account that has transactions or balances associated with it. In that case, you need to either transfer the transactions or balances to another account or make the account inactive.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?