peachtree-software peachtree complete accounting 7.0 Guía De Instalación Rápida

Obviously, Peachtree manages certain aspects of accounting differently from 
that of QuickBooks. This section outlines major differences in the tasks and 
features of each accounting package to assist you in becoming more familiar 
with Peachtree and to make the transition less difficult.

The accounting method determines how Peachtree Accounting handles 
General Ledger, Accounts Receivable, and Accounts Payable 
transactions. Typically, the accrual method provides more accurate 
information regarding the financial status of your company. The cash 
method, on the other hand, may better serve your overall tax status. 
Consult your accountant about which method is best for you. 

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.

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.

QuickBooks sets all its companies up using the accrual accounting method.

The type of accounting method this company uses is located on the Maintain 
Company Information window.

Once you set up the accounting method for this company, you cannot change 
it. If you want to change the accounting method, you must delete the 
company and re-enter it. Refer to

 to find out what method 

you selected during the conversion process.

Note