you cant create a new one but you can alter existing one (renaming) or adding  accounts. 

TracyH:

This can be done if matching with the current accounts to the new accounts is done. I have done this for a number of companies in the past.....

Yes that is exactly what I would like to do.  How do I go about executing this?  Thanks so much!

Hi Tracy:

In order to do this you must have the Accountant's Edition of Sage 50. If not, we can arrange to have this done for you for a fee per hour. This will keep all of your history providing account history can fit into your new chart of accounts. if you need to contact us please click on my picture and you will see our contact information.

Can it be done with Sage 50 Premium ?  Thanks again, appreciate your help.