Sunday, August 15, 2010

5 VERY Basic Peachtree Tips

Once you've been working in Peachtree Accounting for a while, it's difficult to understand how you could have possibly remained stumped for days on how to enter a new vendor, or change somebody's pay rate! However, when everything's new and you’re in the middle of learning, small misunderstandings and little annoyances like hard-to-see buttons and missed checkboxes can hamstring your small business accounting software work for days. Today we go through a few very basic Peachtree procedures that often confuse new users.
Adding new customers
You can either select the field in the transaction dialog box, then double click on it to get to Maintain; or simply select the field and then press + on your number pad.
Setting up a job
Jobs have to be associated with customers, so once you have entered a customers to assign the job to, simply
  • Choose Job Costs : Jobs under Maintain
  • Assign the customer ID
  • Fill in the tabs General, Estimated Exp/Rev and Custom Fields
  • If you are entering more than one job for a customer, click Save before repeating steps 2 and 3
Insert payments from customers
Remember that this process within Peachtree Quantum or any Peachtree product is only for receiving invoiced amounts. Any other deposits have to go under Miscellaneous Deposits (instructions below!).
  • Go to Tasks> Receipts
  • Enter your customer ID
  • Enter the check number
  • Enter the date
  • Enter the payment method
  • Enter the business account to be credited
  • Enter the Amount
  • Importantly, remember to click 'Apply to Invoice' so that you don't bill them again!
  • Click the pay column
  • Click post, then either enter another invoice or close the screen
Merging old and new data
If you've had to restore your Peachtree file from a backup, and have new data to put into it (from another computer),you can export the data to merge it. The Rebuild section in Peachtree help will give you detailed instructions.
Entering invoices
You'll assign each invoice to a particular job - entering your invoice will increase both the sales account and your accounts receivable. Here's how to enter a new invoice:
  • Go to Tasks> Sales/Invoices
  • Enter the customer ID
  • Enter the invoice number, the date, the item, description and the unit price and amount per unit.
  • Click Post.
Simple! Once you have been using Peachtree for a couple of months, you'll be amazed at how simple it becomes. In the meantime, Peachtree business software training is available all over the country at very reasonable rates.


3 comments:

  1. These tips are very helpful for beginners who will use Peachtree quantum. Although knowing the basic lesson on using Peachtree account software, I think it is still advisable to widen more the knowledge about the benefits of this software. With that, you are updated to new trends of technology. Actually there's Peachtree quantum 2011, a new version software. Again thanks for the tips!

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