peachtree-software peachtree complete accounting 7.0 Guía De Instalación Rápida
Converting QuickBooks Data to Peachtree Accounting
Getting Started Guide
278
B
For example, a vendor has a Peachtree beginning balance of $148.00 (the
balance of open invoices in QuickBooks). To make a payment against this
balance, do the following:
balance of open invoices in QuickBooks). To make a payment against this
balance, do the following:
1
From the Tasks menu, select Payments. The Payments window displays.
2
Enter or select the vendor ID.
In the Apply to Invoices tab the $148.00 displays with a BEGBAL
reference. This is a lump sum of all the outstanding invoices due at the
time of the QuickBooks conversion.
reference. This is a lump sum of all the outstanding invoices due at the
time of the QuickBooks conversion.
3
Enter an amount to pay the vendor in the Amount Paid field.
4
When finished entering the payment, select the Print button to print a
check. If you are not prepared to print the check, leave the check number
field blank. If you manually wrote the check, enter a check number. Then
select Post or Save to record the transaction.
check. If you are not prepared to print the check, leave the check number
field blank. If you manually wrote the check, enter a check number. Then
select Post or Save to record the transaction.
For more information on entering payments, see Pay Vendors. For more
information on entering receipts, see Receive a Payment from a
Customer.
information on entering receipts, see Receive a Payment from a
Customer.
Setting Up a Cash-Basis Company
Peachtree allows you to operate companies using two accounting methods:
•
Accrual: The accrual method records all entries at the time business
is transacted, whether or not cash has been transferred. In most
cases, companies that carry inventory or resell goods must use this
method of accounting.
is transacted, whether or not cash has been transferred. In most
cases, companies that carry inventory or resell goods must use this
method of accounting.
•
Cash: The cash method recognizes transactions at the point you
actually exchange cash. While the cash method is more common in
service industries, some organizations may be restricted from using
this method by the IRS.
actually exchange cash. While the cash method is more common in
service industries, some organizations may be restricted from using
this method by the IRS.
QuickBooks sets all its companies up using the accrual accounting method.
However, QuickBooks allows you to display reports that reflect the cash-basis
accounting method.
However, QuickBooks allows you to display reports that reflect the cash-basis
accounting method.
If, when converting your QuickBooks company, you choose to set up your
new Peachtree Accounting company using the cash-basis accounting method,
Peachtree will not convert chart of account balances. All other balances will
be converted. After the conversion is complete, you will have to enter
beginning balances in Peachtree’s chart of accounts.
new Peachtree Accounting company using the cash-basis accounting method,
Peachtree will not convert chart of account balances. All other balances will
be converted. After the conversion is complete, you will have to enter
beginning balances in Peachtree’s chart of accounts.
For more information on entering account beginning balances, refer to the
“General Ledger” chapter of the User’s Guide.
“General Ledger” chapter of the User’s Guide.