peachtree-software peachtree complete accounting 7.0 Quick Setup Guide

You need to set up sales tax information before entering sales transactions to 
your customers. Peachtree Accounting uses sales tax authorities for tracking 
revenue from sales tax. You can associate appropriate sales tax codes that you 
set up (a combination of one or more sales tax authorities) with your 
customers. For more information on setting up sales tax information, refer to 
the “Accounts Receivable” chapter of the User’s Guide.

If you are converting from Quicken Home & Business Edition, the sales tax 
accounts are added to your Peachtree Accounting chart of accounts. 
However, you still must set up Peachtree Accounting sales tax authorities that 
will use your sale tax payable account that was converted from Quicken.

If your Quicken data included service charges and balance adjustment 
transactions without reference numbers, you will be prompted to post 
and/or print them as checks when you change to a new accounting period in 
Peachtree Accounting. This is because Peachtree thinks these transactions are 
unprinted checks.

Follow these steps to correct this situation.

From the Tasks menu, select Payments.

Peachtree displays the Payments window.

From the Payments window, select the Edit button.

When the Select Payment window is displayed, select Both from the Status 
drop-down list and All Transactions from the Show drop-down list.

Peachtree displays a list of all your payment transactions. You should 
edit any transactions without reference numbers.

Select the first transaction without a reference number from the list.

From the Payment window, enter a value such as the check number for the 
transaction and save the payment.

Use a numbering scheme that identifies the transaction such as SC1 for a 
service charge or BA1 for a balance adjustment.

Select the Edit button and repeat these steps until all unnumbered payment 
transactions have a reference number.