Save Time — Let Peachtree Handle Your Repeating Bills

The Effects of Recurring Transactions
Recurring transactions affect the general ledger on the date of the transaction. You can use recurring purchases most effectively when you plan to write a check for the item you purchase—like rent or the utility bill, from our example above. You’ll find recurring payments most useful when you don’t need to write a check for the payment. For example, if you have insurance payments automatically deducted from your checking account each month, set up recurring payments.
 

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A Look at the Financial Manager

Peachtree’s Financial Manager displays some key ratios and key balances in an overview fashion that can help you check the pulse of your business, without analyzing detailed reports. We show you how to take advantage of the Financial Manager in Peachtree to help you quickly determine how well your business is doing.

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Verifying 1099 Information

Before you issue 1099’s, you need to verify the vendor’s name and address, the type of 1099, and the amounts that appear on the 1099. In this article, we’ll show you how to produce reports that will help you verify the information.

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Reconciling Your Bank Statement

We show you the basics of reconciling a bank account using the Account Reconciliation feature in the traditional way or using Online Banking.

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Working with Quotes, Sales Orders and Proposals

What is a quote and when should you use one? If you are using any version of Peachtree other than Peachtree First Accounting, how does a quote differ from a sales order? How do you know when to use a quote and when to use a sales order? If you are using Peachtree Premium, what is a proposal and when should you use one? These are the questions we’re going to answer in this article.

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Voiding a Check

Sometimes, it just happens. You print a check and then realize you don’t want to issue that check. To make matters worse, you posted the check against a purchase—and you’ve now decided that you never should have entered the purchase. So, what do you do?

Well, you have some choices—and in this article, we’re going to explore them.

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What’s New in Peachtree 2006

This past summer, Sage Software, the makers of Peachtree, released the 2006 version of Peachtree Accounting, Peachtree Complete Accounting and Peachtree Premium Accounting. In this overview, we’ll highlight several of the new features of Peachtree 2006.

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The Basics of Finance Charges

There may come a time when your company decides that late payment by certain customers (or all customers) is intolerable. At that time, your company may decide to encourage customers to pay on time by assessing finance charges on overdue balances. Peachtree will automatically calculate and apply finance charges for you. The finance charges will appear on Customer Statements when you print them.

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Handling Consignments – Part 1

You’ve decided to provide goods on consignment for others to sell for you. So, how do you account for the goods you consign?

If you stop and think about it, the biggest difference between regular goods and consignment goods is location. When you provide goods for consignment sale, no sale has yet taken place. You still own consignment goods—they just aren’t in your warehouse or available for you to sell directly to a customer. Providing goods for consignment sale doesn’t affect the General Ledger accounts of your company. When the goods sell, an accounting event takes place; until that time, you own the goods and they continue to be part of your inventory.

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Itemizing Your Sales Tax Return

Many states require a breakdown of sales taxes on the sales tax return by more than one tax liability category. In most cases, you need to break down your sales on the return into taxable sales and tax-exempt sales. If states want a further breakdown, they typically want the breakdown for tax-exempt sales —since you don’t collect sales tax for tax-exempt sales, the state wants to know why a sale was exempt...

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