peachtree-software peachtree complete accounting 7.0 Guía De Instalación Rápida
Comparing QuickBooks to Peachtree
Inventory
283
Inventory
Inventory Costing Method
QuickBooks allows only the Average Cost costing method for inventory. In
Peachtree, however, you have the opportunity to change this method.
Peachtree offers three different costing methods for inventory: FIFO (First In
First Out), LIFO (Last In First Out), and Average Cost. To gain a better
understanding of these methods, refer to the “Inventory” chapter of the
Peachtree Accounting User’s Guide
Peachtree, however, you have the opportunity to change this method.
Peachtree offers three different costing methods for inventory: FIFO (First In
First Out), LIFO (Last In First Out), and Average Cost. To gain a better
understanding of these methods, refer to the “Inventory” chapter of the
Peachtree Accounting User’s Guide
Once a costing method is assigned to a stock item in Peachtree Accounting, it
cannot be changed.Check with your accountant if you are unsure as to which
costing method to use.
cannot be changed.Check with your accountant if you are unsure as to which
costing method to use.
Company Information
The company information in QuickBooks and Peachtree is relatively similar
with only a few exceptions. In QuickBooks, there are two areas for your
company’s address: the Company Name and the Legal Name. In Peachtree,
however, there is only the Company Name field. Furthermore, the Income
Tax Form Used equates to the Form of Business. There are, however, four
fields Peachtree requires that QuickBooks does not. These are:
with only a few exceptions. In QuickBooks, there are two areas for your
company’s address: the Company Name and the Legal Name. In Peachtree,
however, there is only the Company Name field. Furthermore, the Income
Tax Form Used equates to the Form of Business. There are, however, four
fields Peachtree requires that QuickBooks does not. These are:
•
Company Telephone Number
•
Company Fax Number
•
State Unemployment ID
•
Posting Method
Peachtree also lists the accounting method this company uses and provides
you with audit trail and time and attendance options. For more information
on these options, see the Peachtree Accounting User’s Guide.
you with audit trail and time and attendance options. For more information
on these options, see the Peachtree Accounting User’s Guide.
Note