Peachtree – freelearningcenter | Online courses https://freelearningcenter.com online video tutorials in MS.Excel, peachtree, Tally, Quickbooks, Advance excel, MS.office, Wordpress Thu, 10 Jan 2019 04:58:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.3 Peachtree for Construction company https://freelearningcenter.com/peachtree-construction-company/ https://freelearningcenter.com/peachtree-construction-company/#respond Mon, 15 Aug 2016 21:50:12 +0000 http://freelearningcenter.com/?p=116 Peachtree for Construction company. 1st we will create New company in  Peachtree Accounting software. go to file Menu and click on new company. choose Peachtree Product. Select Peachtree Premium for construction. All other steps must  fill similarly to distribution company. construction company Items Creation go to the Maintain Menu and click on Maintain Inventory items, …

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Peachtree for Construction company.

1st we will create New company in  Peachtree Accounting software.

go to file Menu and click on new company.

peachtree for construction company

choose Peachtree Product. Select Peachtree Premium for construction.

All other steps must  fill similarly to distribution company.

construction company Items Creation go to the Maintain Menu and click on Maintain Inventory items, the create Inventory items one by one.

mainly uses items for inventory are bricks , sands, iron, cements , E-board, electric Cable , electric pipe etc.

divide the inventory items into different phases. like construction items , sanitation items,shuttering items, electric items.also create quantity on hand from “Beginning balances“.

 

 

Create Proposal and Job In Peachtree Construction Company

In construction company we will send Proposal to our customer. for proposal you must create customer from the maintain menu.

then go to the task menu to crate Proposal instead of Quotation,in Construction company proposal uses in alternative to quotes.

which is similar to Quotes. put all the items which is needed for construction and put  quantity required.

as your customer accept the proposal then we will create Job for this customer.for creation of job go to the Maintain menu and click on job.

there is an option of “for customer”, enter the same name of customer in the Job ID  and description. put the PO No.

Billing method should be Percent of Completion. Put the retain age 50%.fill all the other option. customize field is not necessary.

Billing method Percent of completion means when your company complete a specific percent, your customer will make the payments.

Retainage means.those percent that  will remain with  customer.

 

 

Now create Cost code and phases.

In cost code create items one by one while in phases create different phases like construction phase, electric phase.

no click on estimated expenses and revenue.

watch the video and put the figures accordingly.

in phases creation select the second option this phases use for cost code. in estimated expense and revenue fill this option Phases ID, Code ID, No Of Units, Expenses and Revenue. In expenses Multiply No of Units with the cost Price.

and In revenue ID Multiply sales price with No of Quantity.

 

 

here we will create sales order and attach Job with the sales order.on the bases of sale order we will create Invoices.

in construction invoice is based on percent of completion.

Go to the Task menu and click on Sales order ,select the customer from the customer ID.

put SO No.

select items as per proposal and put quantity as per proposal.

click on the job option against each items and quantity and select the same items. as it is completed then make it save.also create sales tax and then can be attached with the sales order.

but it must before attach with proposal.after this make receipts.

 

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Peachtree Accounting for Manufacturing company https://freelearningcenter.com/peachtree-accounting-software-manufacturing/ https://freelearningcenter.com/peachtree-accounting-software-manufacturing/#respond Mon, 15 Aug 2016 20:07:45 +0000 http://freelearningcenter.com/?p=113 here you will learn how to create manufacturing process of accounts in Peachtree Accounting software. 1st we will create new company in peachtree. for this purpose go to the file menu and click on “New company” . in a “choose a peachtree Product” select “Peachtree premium Accounting for manufacturing”. All other option are same as …

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here you will learn how to create manufacturing process of accounts in Peachtree Accounting software.

1st we will create new company in peachtree.

for this purpose go to the file menu and click on “New company” .

in a “choose a peachtree Product” select “Peachtree premium Accounting for manufacturing”. All other option are same as in distribution company .

Accounting for Manufacturing in peachtree

Go to maintain to create Inventory items for Raw materials, click on Inventory items, then create items one by one.follow the following steps.

items ID    : Wood,winner, then create Thinner, PU Accleric, NC Sealer,screw

Description :wood, winner then create Thinner, PU Accleric, NC Sealer,screw

Item class    : stock items

for final item Creation. suppose we are creating  conference Table

Item ID       : Conference Table

Description : Conference Table

Item Class   : Assembly

In assembly Bill of Materials is Mandatory.

in bill of material select items one by one and put quantity which is require for one conference table.

Now at the bottom right corner there is an option of  “add beginning balances“.

We have created inventory items raw materials and final items as assembly,also we have created beginning  inventory items. Now we will create “work tickets” 

Go to work Ticket from the task Menu and click on work ticket.Select assembly to build items ( conference Table )

Put work ticket No, Quantity to Build ( how much quantity you want to build) Provide needed by date, Ticket started Dated (usually to date), estimated hours.

now put the actual Hours and Minutes. if the require quantity is less than available.

the reduce the quantity to build .it is necessary to read the writing materials and also watch both the videos one by one.

the check the result in the report  of the top Menu.

if the require Quantity showing in red color, this mean that the available quantity is less than require.

there are two option,one to purchase raw materials or to increase the beginning quantity of items .

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Bank Reconciliation and Budget in Peachtree https://freelearningcenter.com/bank-reconciliation-budget-peachtree-accounting/ https://freelearningcenter.com/bank-reconciliation-budget-peachtree-accounting/#respond Mon, 15 Aug 2016 18:52:44 +0000 http://freelearningcenter.com/?p=106 How to create Bank Reconciliation in Peachtree Accounting software. every company Making bank reconciliation at the end of each month or in start of next month. the process of Bank reconciliation in Peachtree we will define its objective. at the start of each month bank will provide a statement of your Account, which includes complete …

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How to create Bank Reconciliation in Peachtree Accounting software.

every company Making bank reconciliation at the end of each month or in start of next month.

the process of Bank reconciliation in Peachtree we will define its objective.

at the start of each month bank will provide a statement of your Account,

which includes complete summary of your transaction (your payments and receipts )

bank reconciliation in peachtree

Company also have complete detail (ledger) of all Receipts and Payments.

on receiving of  statement from Bank, the account or finance department person will reconcile  their own  ledger of receipts and payments with the bank statement.

there should be some cheque that will be not available in bank statement.

it is because that the cheque may not be clear  and will be included in the next month bank statement or some  of the cheque  may be bounce and cancelled by the bank due to some reasons.then the company will make inquiry for all the cheque which are not available in bank statement.

Now how to make Reconciliation in Peachtree follow the following steps.

Go to Task menu and click on Account reconciliation,Now select the Bank account for reconciliation from the Account to reconcile option.

then make tick marks ( √   )  to the boxes for both  cheques of receipts and payment  which are available in bank statement.

if the unreconciled Difference amount is in negative,

put this amount in statement ending balance with positive sign to become zero the difference .

but if the unreconciled difference amount is in Positive  then put this amount  in the statement ending balance with negative sign also to make this zero. check the reconciliation statement from the report menu. watch the video

How to create “Budget” in Peachtree Accounting software. how to prepare the budget.this are the work of the high level planner of the organization.here we only need how to make posting of budgeted figures in peachtree accounting software.please follow these steps.

Go to Maintain Menu and click on Budget give  Budget name , account filter type  select all account then put the data against different accounts suppose, how much will be our next year sale.put the date or figure against the sales account.then make it save.

Go to the report menu and check various reports. in the next year when actual data created , all the reports will show  actual data and budgeted data. watch the video.

 

 

 

 

 

 

 

 

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Petty cash and expenses in Peachtree Accounting https://freelearningcenter.com/petty-cash-expenses-peachtree-accounting/ https://freelearningcenter.com/petty-cash-expenses-peachtree-accounting/#respond Mon, 15 Aug 2016 17:48:18 +0000 http://freelearningcenter.com/?p=103 Petty cash and expenses in Peachtree Accounting For Petty Cash and petty expenses there must be different petty expense Accounts and at least one  petty cash Account. before creating petty expense and petty cash account. we will define these Petty expenses includes all those small expenses which are paying on  cash base. for example tea …

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Petty cash and expenses in Peachtree Accounting

For Petty Cash and petty expenses there must be different petty expense Accounts and at least one  petty cash Account.

before creating petty expense and petty cash account. we will define these

Petty expenses includes all those small expenses which are paying on  cash base.

for example tea expense, entertainment expense, fuel expense,utilities bill,Rent expense and all other small expenses which are paying from petty cash A/c.

In peachtree for this purpose cashier of the  company will have some specific small amount of money that is call petty cash.

the objective of petty cash is to make petty expenses from this petty cash on daily base.

Now how to create petty cash and petty expenses in peachtree, follow the following steps.

Go to Maintain and click on chart of Accounts to create petty expenses and petty cashs, you can also watch the video attached here with.

In Account ID   and description Write fuel expense, select the Account Type “Expense“, similarly create all other expenses and give the Account type as expense.

petty cash in peachtree

For Petty cash Account creation, in Account ID and description write peitty Cash then give the Account type “Cash”.

Account type is very important,if you give wrong Account type, that will completely give wrong result.

Now there must be some Amount in  cash with the cashier.

for Petty cash and expenses , we will make a fund transfer transaction from the task menu.

Go to task menu and click on “General Journal Entry”. the Entry will be.

Petties Cash  Debit  and the Bank Account from whom we want to transfer money into petty cash will be credited According to GAAP’s rule.

How to pass Petty expense entry in peachtree Accounting software. Go to task Menu and click on General Journal  Entry.

Stationary Expense  Debit and  Petty cash Account Credit.

we have transfer some fund to our petty cash Account,therefore  we can make the expenses from  petty cash Account.

Also watch the video

 

 

 

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