peachtree-software peachtree complete accounting 7.0 Quick Setup Guide

Let’s review some of the things we learned in this lesson:

Peachtree Accounting helps you track job costing with easy options 
that can be used at a simple or detailed level. Before setting up a job, 
you have to determine how you want to use your job costing process. 
Peachtree Accounting offers the following options to track in job 
costing:

Jobs only: You require simple jobs in which you intend not to 
track stages or specific kinds of cost.

Jobs with Phases: You want to divide your job into stages of 
completion.

Jobs with Phases and Costs Codes: You want to assess cost of 
each item, its type/group, its time of usage in each stage of your 
project.

Typing over the existing ID record and pressing 

 automatically 

copies the record information to the new ID including all fields. All 
you have to do at this point is change the description and other 
information that uniquely applies to the new record. You can use this 
method to copy any ID in the Maintain windows.

To track job cost, enter a different line on each purchase or invoice 
for each job-related item or service.

There are several ways to enter purchases as costs to a job: 

through the Purchases/Receive Inventory or Payments windows 

through Sales/Invoicing as a cost of goods sold entry from 
inventory

through inventory adjustments.

Employee hours can be charged to jobs through the Payroll Entry 
window, using the Jobs button.

Peachtree Accounting tracks income and expense per job, for each 
applicable Income Statement account, per transaction line item.

Now that you have been introduced to the job costing module of Peachtree 
Accounting, you are ready to proceed to Lesson IX—Company 
Administration.