Final Project Computerized Accounting

Following post should be ioon your Blog:

• Set up of Company
• Maintain Charts of Accounts
• Maintain Customers and Vendors
• Default information Customers and Vendors
• Maintain Inventory Items
• Default Information Inventory Items
• Sales Quotation and Sales Order
• Sales Invoice
• Reciepts
• Purchase Order
• Purchase Recieve Inventory
• Payments
• Vendor Credit Memo
• Credit Memo
• General Journal Entry
• Reports

Reciepts in Peachtree Accounting

Reciepts in Peachtree is used to record teh reciepts from Customers and even from Vendors.......

Sales Invoice - Peachtree

To record a sales invoice in Peachtree Accounting Software, you have to click on Task menu and then select Sales invoice. .................

Quotes and Sales Order - Peachtree

To build a Quote or Sales order in Peachtree, you click on Task menue ..................
you may find the details at:
http://www.studyforall.com/

Maintain Inventory Item - Peachtree Accounting

Inventory item in Peachtree serve as subcidary ledger for Inventory......................

Peachtree - Maintain Vendor

Vendors are the parties who supply goods and services to the business. to maintain the vendors in peachtree .............................

Peachtree - Maintain Customers/Prospect

To maintain the customers/prospects, click on maintain menu and select "Customers/prospect".....................

Peachtree - Charts of Accounts - Account Type of Equity

Business Types and Equity Accounts 

When we setup a new company on New Company Setup - Company  Information window we have to select the business type. different business type use different equity accounts. which are as follows..

Corporation

When you select the Corporation business type during New Company Setup, the following equity accounts are automatically set up:

• Common Stock (Equity  doesn't close)
• Retained Earnings (Equity – Retained Earnings)
• Dividends Paid (Equity – gets closed)

S Corporation

When you select the S Corporation business type during New Company Setup, the following equity accounts are automatically set up:

• Common Stock (Equity – doesn't close)
• Retained Earnings (Equity – Retained Earnings)
• Dividends Paid (Equity – gets closed)

Partnership

When you select the Partnership business type during New Company Setup, the following equity accounts are automatically set up:

• Retained Earnings (Equity – Retained Earnings)
• Partner's Contribution (Equity – gets closed)
• Partner's Draw (Equity – gets closed)

Sole Proprietorship

When you select the Sole Proprietorship business type during New Company Setup, the following equity accounts are automatically set up:

• Retained Earnings (Equity – Retained Earnings)
• Owner's Contribution (Equity – gets closed)
• Owner's Draw (Equity – gets closed)

Limited Liability Company (LLC)

When you select the Limited Liability Company business type during New Company Setup, the following equity accounts are automatically set up:

• Retained Earnings (Equity – Retained Earnings)
• Member's Contribution (Equity – gets closed)
• Member's Draw (Equity – gets closed)