Peachtree Accounting Step By Step Books Advisor And Bookkeeping Book

Peachtree Accounting Step By Step Books Advisor And Bookkeeping Book
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    PEACHTREE ACCOUNTING STEP BY STEP EDITED BY PATRICIA A CARSON, CQA

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    1To use this manual: Please read all sections FIRST to Computer Practice sections. Then perform Computer Practice and print all requested forms and reports. This manual is not intended to completely cover all aspects of the Peachtree Accounting Program, but to provide an introduction to the ...

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    22. Open Peachtree. Choose to open Stone Arbor Construction. 3. Following the instructions above, Backup and Restore Stone Arbor Construction. . COMPANY SET UP – CREATE A NEW COMPANY Create a New Company - Company Information You use the company information window to enter basic informatio...

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    3selections will vary. You can modify the accounts later, according to your needs. For more information, click .  Copy settings from an existing Peachtree company: Select this option if you want to copy setup information from another Peachtree company or you are rebuilding a Peachtree compan...

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    41. Start Create a New Company and make sure the Use a sample business type that closely matches your company option is selected. 2. Select the chart of accounts that matches your type from the list. Depending on the version of Peachtree that you are using the list of simplified and detailed bus...

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    5The accounting method determines how Peachtree handles General Ledger, Accounts Receivable, and Accounts Payable transactions. 1. Start Create a New Company, and make sure the Accounting Method window is displayed. 2. Choose the accounting method to run your business: Accrual Accounting: Income...

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    6choose to start your fiscal year in January or any other month of the year. Most companies follow this fiscal year structure. Accounting periods that do not match the calendar months: Choose this option if you want to set up a custom fiscal year structure. For example, you may want four account...

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    7Create a New Company - Finish Use this procedure to complete the new company setup process. 1. Start Create a New Company, and read the information in the window and follow the prompts. 2. Complete each window that follows until Peachtree displays the New Company Setup – Finish window. 3. Re...

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    8Peachtree defaults this date to the Peachtree system date. If you are in an accounting period that is different from the system date, then Peachtree displays the first day of that period. 3. Enter a reference for the transaction up to 20 characters. If you enter a number reference, Peachtree wi...

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    95. Click New Button from the window that appear at the bottom side of the window 6. Create two chart of accounts for the customer. Note: Account Type should be Income and Account Receivable 7. Close the chart of account window 8. Clock GL sales Account button again 9. Select Chart of Account fo...

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    1016. Create two chart of accounts for the customer. Note: Account Type should be expenses and Account payable 17. Close the chart of account window 18. Click GL expense Account button again 19. Select Chart of Account for the vendor just created. It is of the account type Expense. 20. When yo...

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    114. For each item, enter two of the three fields: quantity (on hand), unit cost, and total cost. Peachtree will calculate the third or remaining field. 5. When finished entering beginning balances for all your inventory items, select OK. COMPUTER PRACTICE: 1. Create a new company, using the in...

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    12i. AAA Office Supply, 125 Airport Way, San Jose, CA 95126, 408-555-8000, info@aaos.net, www.aaos.net Vendor ID: AA100 ii. First National Bank, P.O. Box 4568, Memphis, TN 12366, 888-458-3145, www.fnb.bnk Vendor ID: FN106 p. ADD the following inventory items i. ID: IN151, Instruction Manua...

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    132. If this customer has open sales orders, the Apply to Sales Order tab appears in front. To enter new items on the invoice, select the Apply to Sales tab. 3. Leave the Invoice # field blank if you want Peachtree to print an invoice. Peachtree will increase the invoice number by one when it is...

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    14OK when you're finished to return to the Sales/Invoicing window. However, if the invoice has more than one line item that contains serialized inventory, you can select the OK/Next button to save the current entry and move to the next serialized item. 13. The default G/L sales account that app...

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    152. Enter a deposit ticket ID that can easily represent the type and source of payment. This will make account reconciliation easier to manage. 3. Enter or select the customer ID. To display a list of existing customers, type ? in this field, or select the Lookup button. If there are unpaid inv...

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    16Enter Customer Returns 1. From the Tasks menu, select Credit Memos. Peachtree displays the Credit Memos window. 2. Enter or select the customer ID. To display a list of existing customers, type ? in this field, or select the Lookup button. 3. In the Credit # field, enter the ID that you want t...

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    17When the vendor is selected, Peachtree supplies the vendor default information, including billing and shipping addresses, purchase account, shipping method, payment terms. 12. If this vendor has open purchase orders, the Apply to purchase Order tab appears in front. To enter new items on the i...

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    18OK/Next button to save the current entry and move to the next serialized item. 18. The default G/L sales account that appears for each line item is based on the vendor sales account default or the item ID selected. To change the account ID, type ? in this field, or select the Lookup button. T...

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    19Enter Vendor Returns 6. From the Tasks menu, select Vendor Credit Memos. Peachtree displays the Credit Memos window. 7. Enter or select the Vendor ID. To display a list of existing Vendors, type ? in this field, or select the Lookup button. 8. In the Credit # field, enter the ID that you want ...

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    20leave this field blank. If this is an electronic payment, the Check Number field will read "Electronic." 2. Enter or select the date of the disbursement, not necessarily today's date. 3. Enter the total amount of the check. 4. If desired, enter a memo up to 30 characters long. 5. Ent...

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    219. Create the following reports: Income Statement, Balance Sheet, Aged Accounts Receivable and Aged Accounts Payable for March, 2011 General Journal Entry The General Journal is used to enter those types of transactions that are not readily categorized in the Tasks menu. Typical General Jo...

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    22For each line enter or select an account ID. To display a list of existing accounts, type ? in the G/L Account ID field, or select the Lookup button. 5. For each line enter a description for the transaction. The description will appear in General Ledger and various reports. 6. If the transact...

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    236. Enter or select a G/L account to take this adjustment out of, and enter a unit cost for the inventory item (for positive adjustments only). The default G/L source account is the Cost of Goods Sold Account. The other account affected by adjustments is the inventory account. To change the acc...

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    24ACCOUNT RECONCILIATION 1. From the Tasks menu, select Account Reconciliation. Peachtree displays the Account Reconciliation window. 2. Enter or select the account you want to reconcile. To display a list of existing accounts, type ? in the Account to Reconcile field, or select the Lookup butto...

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    25When all transactions listed on the bank statement are entered and cleared in Peachtree and outstanding transactions have been accounted for, the unreconciled difference should be zero (0.00). If not, check the bank statement to make sure that each transaction listed is also entered in Peachtr...

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    26Reconcile the Payroll Checking Account, with the following information: 1. Statement Ending Balance: $12,868.14 2. Checks not in Bank Statement: a. 1275 for $1101.61 b. 1277 for $985.43 c. 1278 for $985.43 d. 1281 for $681.40 e. 1283 for $787.54 f. 1284 for $740.47 g. 1285 for $770.44 h. 129...

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    272. click the Financial Statement from Report Area List 3. Double Click Income Statement From Report List General Ledger 4. Click the Report menu 5. click the General Ledger from Report Area List 6. Double Click General Ledger From Report List Trial Balance 1. Click the Report menu 2. click t...

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    28CTRL N New Company CTRL O Open Company CTRL B Back Up Company CTRL R Restore Company CTRL P Print Displayed Report