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Conversion Issues
From Peachtree First Accounting
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If Your Inventory Valuation Report is Different in Peachtree 
Complete Accounting
It is possible that the information on your Inventory Valuation Report will be 
different after conversion. Basically, this is because Peachtree Complete 
Accounting Release 7 has implemented a more accurate, date-based costing 
method. In particular, we have improved the method of handling cost of 
goods entries when you sell out-of-stock items, and of accurately recosting 
sales or purchase returns.
If Your Ending Inventory Valuation Report After Conversion Does 
Not Match You General Ledger’s Inventory Account
This could be for the reasons explained in the paragraph above, or it could be 
that a transaction used an incorrect General Ledger account (any journal 
entry to any inventory account). It is also possible that you have made general 
journal entries posted to inventory accounts. These entries only post amounts 
and do not affect quantities; therefore, valuation is not affected by general 
journal entries. 
From Peachtree First Accounting
At the beginning of the install process, Peachtree will search for a copy of First 
Accounting. If detected, you will be prompted to replace the existing 
\PTFIRST directory with Peachtree Complete Accounting Release 7. We 
recommend you install the update into the existing Peachtree First 
Accounting (usually \PTFIRST, unless you changed it to a different name 
during the previous installation). However, you may want to make a complete 
backup prior to installing.
If you elect to use a new or alternate directory name, you will be prompted for 
the original registration number and serial number. Enter your First 
Accounting registration and serial numbers; if you don’t know the number, 
install the update into your existing Peachtree First Accounting directory.
Upgrading Inventory from First Accounting Release 1.0
First Accounting Release 1.0 only allowed “non-stock” and “description only” 
inventory items. Peachtree Complete Accounting Release 7 provides 
additional inventory item types such as “stock items” and “assemblies”. These 
new inventory types can track quantity on hand and unit cost. You cannot 
change a converted Release 1.0 inventory item type. If you want to establish 
inventory quantity and cost, you will have to create a new inventory item and 
assign it the new item type of Stock Item or Assembly.