Peachtree for dummies by Elaine Marmel

By Elaine Marmel

No longer feeling too peachy approximately computerizing your accounting procedure? sit back! Peachtree For Dummies, 3rd Edition will enable you manage your organization in Peachtree after which use it to pay accounts, bill consumers, pay staff, produce monetary studies, and extra. You’ll speedy detect how Peachtree can prevent time, attempt, and cash so you now not need to do your accounting by way of hand or pay another individual to do it for you.

Publishing to coincide with the most recent unlock of Peachtree, this 3rd version is revised to hide the most recent updates and improvements made to the latest model of Peachtree. Veteran authors Elaine Marmel and Diane Koers holiday down the functions of Peachtree top class Accounting, from construction an efficient chart of money owed, to customizing varieties and enhancing experiences, to developing default details that might prevent time down the road. You’ll additionally become aware of how to:

  • Work with buy orders
  • Sell items and services
  • Generate invoices
  • Track undertaking costs
  • Produce source of revenue statements
  • Back up and fix data
  • Balance accounts
  • Manage inventory
  • Handle consumer prepayments
  • Pay for buy orders with a credits card
  • Keep your account details safe

Packed with examples of daily, real-life occasions, Peachtree For Dummies, 3rd Edition is the reference you would like so you might placed Peachtree to be just right for you and get the task performed speedy and correctly.

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Example text

Accounts receivable aging works the same as accounts payable aging — that is, you can choose to age by due date or by invoice date. Suppose that you post an invoice as of February 20, 2007, with terms of 2% 10 Net 30. If you set up accounts receivable aging to age by due date, the invoice is due 30 days from the invoice date of February 20, which is March 22. On the Accounts Receivable Aging report, the invoice appears to be somewhere between 0 and 30 days old — that is, on March 31, 2007, the invoice is somewhere between 0 and 30 days past the due date of the invoice.

You specify how you want Peachtree to age invoices that you prepare. Like with vendors, you can set up custom fields for customers to track specific information that may help you increase sales or offer perks. You also can decide whether to apply finance charges to overdue invoices, and you can set customers’ Pay Methods — cash, check, or credit card. The concept of aging applies also to invoices you send to your customers. In this instance, aging refers to the specified period of time the customer waits before paying your invoice.

Provide the date that you want to start your company and ask for a Trial Balance, a Balance Sheet, and an Income Statement as of that date. Your accountant probably can’t provide the information instantly, especially if you want to start on January 1, and you ask for the information in December of the prior year. Your accountant needs to prepare these reports after December 31 so that the reports include all the prior year’s transactions. But don’t worry; you can start working in Peachtree without beginning balance numbers; in fact, you might as well start working in Peachtree without beginning balance numbers.

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