Mastering PeachTree by Sage Course Complete Training

Handle the end of course rating prompt by selecting stars, writing a brief review, and saving your feedback before continuing to the next video.

Create a new company in Peachtree using the setup wizard, choose accrual accounting, set fiscal year, and review real-time vs smart posting before opening the dashboard.

Customize the PeachTree dashboard to view all key finances on one screen, including balances, customers, vendors, inventory, and invoices, with configurable tabs and graphical summaries for quick decisions.

Explore customizing the chart of accounts in PeachTree by Sage, including editing existing accounts, creating new ledgers, and applying coding rules for opening balances.

Create and customize the chart of accounts by adding machinery and motor vehicles ledgers, establishing accumulated depreciation accounts, renaming cash and bank accounts, and updating equity and accrued expenses.

Enter opening balances for accounts in the coa, then match against individual customer balances and supplier balances, updating stock, buildings, motor vehicles, depreciation, cash, bank balances, and equity.

Customize general ledger reports by removing unused columns, repositioning fields like account description and transaction data, and adjusting print settings to landscape to fit the printable area.

Enter each customer's opening balance to split the opening debtor balance, match it to the debtor control account, set up customers and balances, and adjust revenue to sales revenue.

Enter individual vendors and their balances in Peachtree by Sage, updating opening balances, invoices, and accounts payable against the control account for inventory and cost of goods sold.

Learn how to enter inventory items in Peachtree, choosing stock items with average costing and assigning sales and cost of sales accounts. Save items first and enter opening balances later.

Enter opening balances for all inventory items by inputting quantity and unit cost to calculate total cost, then save and refresh to update the quantity on hand.

Verify the opening balances by reconciling the control account with individual receivable and payable details. Confirm the trial balance matches the postings, then begin day-to-day entries using journals and invoices.

Record day-to-day non-trading purchases, such as furniture bought with cash, via journal entries in Peachtree; debit furniture, credit cash, and log date, reference, and description from the chart of accounts.

Learn how to enter prepaid expenses in Peachtree, treat advance payments as current assets, and gradually expense them each month as benefits are consumed, ensuring debit-credit balance.

Classify the cash security deposit as an other asset, not fixed or current, and create ledger 1520 security deposit with a debit to security deposit and a credit to cash.

Record shop renovation and repair expenses paid from petty cash by creating a repair and maintenance expense account, debiting it, and crediting cash in hand.

Learn how to receive money from customers in cash and settle Mubarak's opening balance of 40,000 recorded as a sales invoice, with posting to zero.

Enter purchase invoices in Peachtree by selecting the vendor, creating a new bill, entering item lines with quantities and unit prices, and reconciling stock and ledgers.

Record a purchase invoice for a new vendor in Peachtree by Sage, creating a new vendor, entering inventory items with quantities and unit prices, and saving the bill.

Explore cash sales in Peachtree by Sage, handling walk-in purchases with a cash sales customer, creating a sales invoice, posting accounts receivable and inventories, and recording the cash receipt.

Record cash in advance from Aboubacar by creating a prepaid receipt linked to a sales order and posting via smart posting to secure future orders.

Learn how to record a new sealed order in Peachtree by Sage, enter items and unit prices, and post to convert sealed orders into sealed invoices using smart posting.

Record a direct sales invoice against an existing customer using a sealed invoice without a sealed order, enter item lines and unit prices, and post with smart posting prompts.

Learn how to enter a new purchase order in Peachtree by Sage, select a vendor, set dates and quantities, and note that it does not impact the trial balance.

Discover how to record bad debt in Peachtree by posting a journal entry that clears a receivable and records bad debt expense.

Record a service invoice in Peachtree by entering a new vendor, adding a packing charges service item, and posting to cost of goods sold for services and accounts payable.

Learn to record a partial payment against a service invoice in Peachtree by Sage, including bank selection, amount entry, and verifying the journal entry.

Convert a sealed order to a sealed sales invoice by applying it to the customer, shipping all items, and recording the double-entry effect while reviewing the customer’s credit limit.

Learn to adjust a customer's credit limit in payment terms by editing the customer record, setting a default or custom limit, and choosing always notify or hold invoices during disputes.

Record a purchase return in Peachtree by selecting the vendor, applying the return to an invoice, and reviewing the journal entry to reverse inventory against accounts payable.

Process a sales return by creating a new credit memo for the customer, applying it to the invoice, and adjusting inventory and accounts receivable accordingly.

Record customer payments by creating a received voucher, selecting cash, and clearing outstanding invoices to reflect cash receipts from customers in PeachTree.

Learn to convert a purchase order to a purchase invoice in Peachtree by Sage, create a new bill for a vendor, and post the resulting invoice.

Record a loss of damaged inventory in Peachtree by using inventory adjustments, setting the date, adjusting quantity, selecting a loss of inventory account, and recording a reason.

Explore how inventory adjustments affect on-hand quantities and balances, and how smart boosting and unposted invoices can cause temporary discrepancies before finalizing and distributing value.

Unwind six months of prepaid rent by recognizing January's one-month expense, debiting rent expense and crediting prepaid expenses via a journal entry.

Extract closing reports, including trial balance, balance sheet, and profit or loss, export to Excel, reconcile ledger balances, and review the general ledger and income statement for month-end closing.

Learn how to set up a manufacturing company in PeachTree by Sage, manage raw materials to finished shirts and pants, and transfer last year’s closing balances into the new system.

Learn how to create a new manufacturing company in Peachtree by Sage, including closing an existing company, selecting manufacturing as the business type, and configuring accrual accounting.

Customize the dashboard by adding account balances and inventory items that matter to customers, and set the decimal before clicking okay to tailor the dashboard to your needs.

Create and adjust ledgers in Peachtree by editing the chart of accounts, renaming accounts, and entering opening balances across cash, bank, accounts receivable, inventory, and depreciation.

Enter opening balances for all ledgers in Peachtree by Sage, using history to record 2019 balances from Excel across cash, bank, receivables, inventory, depreciation, payables, and equity.

Update customer and vendor balances in PeachTree by creating new customers, recording opening balances, and refreshing balances to reflect accurate financial positions.

Create and configure raw material inventory in PeachTree by Sage by adding new stock items with average costing, entering opening balances and unit costs, and setting units of measure.

Update inventory balances in Peachtree by entering beginning balances for existing items, setting quantity and unit cost, then saving and closing to reflect updated on-hand quantities.

Learn to create finished goods using bill of materials by configuring inventory items, assigning assembly, and defining a shirt BOM (FFG 001) with components and the average cost method.

Review opening balances for customers and vendors; verify trial balance; record accrued expenses paid by cash via general journal dated January 1, 2020, for bill of deals with recipe management.

Enter a new purchase order, record a partial receipt (40,000 ordered, 25,000 received), and post the bill in PeachTree, comparing smart posting with real-time posting.

Adjust the accounting period from the top dashboard by updating system data, setting the period from January 1, 2000 to 2003 2020, and prevent recurring prompts.

Enter a direct purchase bill from a vendor, create a new bill, enter the invoice number, specify items with quantities and unit prices, verify the total, and save.

Enter a sales order in Peachtree for finished goods not yet manufactured, customer Sheikhan Abdullah (order 24), 3,000 shirts at 400 each, with real-time posting finalizing the order.

Master how to record bank transfers and cash withdrawals by creating journal entries, using petty cash, and posting debits and credits in banking.