Peachtree Accounting Software - What You Need to Know

Learning Peachtree Accounting software is a fairly difficult task. What makes it so difficult is that the software is comprehensive and multifaceted. Peachtree does have one advantage over other accounting programs because it works for small and big businesses.

Since learning Peachtree requires pure determination and focus, a step by step guide is listed below should help make it easier.

When choosing a program, it is necessary to know what the needs of a business are. Peachtree programs can handle a variety of tasks such as: payroll, inventory, accounts receivable and payable, spread sheets, bill management, check development and much more.

Once you have installed the software and activated it, read the manual and the preparation checklist, watch the tutorials that are available. Repeat the tutorial as many times as you need to. For answers to general questions, the demos can help. Use the conversion utility to transfer information from your old software to Peachtree.

Decide whether to use cash or accrual. Next, enter the business information and the accounting period, monthly and yearly.

Now set up the Chart of Accounts. This creates the numerous tasks that the program will track and process for the business. You can select what to use for your business. Then continue setting up the information for the general ledgers.

Choose the responsibilities that the General Journal will need to track. Set up the accounts receivable and payable information.

Set up the inventory requirements. Decide what information the business is going to need in regards to inventory.

Creating other reports may be necessary for the business with this software such as tax information, bank reconciliation and payroll.

Use the step by step software guide to continue through the program so you can add any more reports and accounts that may be required for the business.

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