Peachtree Accounting By Sage - A Project Based Training

Open the Peachtree software, run the new company wizard to create a company with name and address, and select accrual accounting with a 12-month fiscal year and smart posting.

Learn to customize the Peachtree dashboard to display key reports—account and supplier balances, customer spending, ledger balances, inventory, and monthly profit or loss—on a single screen.

Customize the chart of accounts in Peachtree by viewing, editing, and creating accounts. Align names to the assignment and apply coding rules for assets, liabilities, equity, revenue, and expenses.

Create and customize the chart of accounts in Peachtree by Sage, adding machinery and accumulated depreciation accounts, renaming cash and bank ledgers, and updating equity and accrued expenses.

Enter opening balances for all ledgers by first recording the total control account, then match against customer and supplier balances; update stock, building, cash, and accrued expenses.

Extract the opening trial balance in Peachtree by using reports, selecting trial balance, and setting the as of date to January 1, 2020; verify debit and credit totals.

Learn to customize report columns in general ledger reports by hiding unused fields, rearranging key columns, and using landscape print settings to fit the printable area.

Create new customers in Peachtree, record their opening balances in history, and align the debtor control account with the total customer balances for accurate accounts receivable.

Enter vendor records and opening balances, linking each vendor to accounts payable, cost of goods sold, and inventory, then update the vendor history and refresh to view balances.

Enter inventory items in Peachtree using stock items and average costing, configure related accounts, and prepare to enter beginning balances for a trading business.

Enter opening balances for inventory items by updating quantities and unit costs to calculate total cost, then save, close, and refresh to see updated quantity on hand.

Reconcile opening balances by detailing the receivable control account, match customer balances, and reconcile creditors and stock, then verify the trial balance before entering day-to-day journal entries and invoices.

Record day-to-day non-trading transactions in Peachtree using journal entries, such as cash purchases of furniture, by debiting furniture and crediting cash with clear descriptions.

Record prepaid expenses in Peachtree as a current asset, then shift portions to expense for six months; illustrate with a January 2020 30,000 entry debiting prepaid expenses and crediting cash.

Classify a cash security deposit as an other asset, create the 1 5 2 0 security deposit account, and record a 30,000 debit with cash in hand.

Master recording and tracking repair and maintenance expenses in Peachtree, with clear guidance aligned to Sage Peachtree project-based training for accurate financial reporting.

Receive cash from a customer to settle an opening balance treated as a sales invoice, post the payment to clear the balance, and ensure proper posting.

Learn to enter a purchase invoice in Peachtree by creating a new bill for a vendor, adding items with quantities and unit prices, reconciling, and saving the transaction.

Record a purchase invoice for a new vendor in Peachtree Accounting by Sage, entering a new bill, selecting inventory items, quantities, prices, and saving the transaction.

Learn to record cash sales in Peachtree using a generic cash sales customer; it also explains creating an artificial 'gas sales' credit sale and later receiving payment.

Record cash in advance from customers in Peachtree by Sage, using the receive money from customers process, enter Aboubacar's details, and post with smart posting to secure advances.

Learn how to record a sales order in Peachtree by Sage, including entering items, quantities, and unit prices, and posting with smart posting to support audit trails.

Learn how to record a direct sales invoice against a customer using the sealed invoice template, without a sealed order, including item entries, quantities, unit prices, and smart posting.

Enter and manage new purchase orders in Peachtree by selecting a vendor, setting delivery dates, entering item quantities and totals, and posting without impacting the trial balance or balance sheet.

learn how to record bad debt in Peachtree by creating a journal entry that clears a customer receivable and posts the expense.

Record a service invoice in Peachtree by entering a new vendor, classifying packing charges as a service item, and posting the bill to cost of sales for services.

execute a partial payment of 30,000 against a 45,000 service invoice in peachtree by paying bills from Standard Chartered Bank, then verify the resulting accounts payable journal entry.

Convert a sealed sales order to a sealed invoice for customer Aboubacar, apply the order to a new invoice, deliver all items, and review credit limits and double-entry effects.

Learn how to adjust a customer’s credit limit in Peachtree by opening the customer record, editing payment terms, and setting a new limit—from 500 to any amount or unlimited—with notifications.

Learn to process purchase returns in Peachtree by selecting the vendor and applying the return to an invoice. See how the journal entry reverses inventory and debits accounts payable.

Learn to process sales returns in Peachtree by creating a credit memo for a customer, applying it to an invoice, and restoring inventory while reducing accounts receivable.

Learn how to record a customer's payment in Peachtree by creating a received voucher, clearing invoices, and posting cash receipts through banking options.

convert a purchase order into a purchase invoice by selecting the order, using the system's auto-suggestion, and recording received quantities to post and save the invoice.

Record a loss of damaged inventory in Peachtree by using inventory adjustments, setting date and quantity, selecting or creating a loss of inventory account, and noting the damage reason.

This lecture explains how inventory adjustments affect the quantity on hand, why smart boosting may show an incorrect balance, and confirms the correct on hand balance of 106 after posting.

Unwind prepaid rent in Peachtree by recording a January adjustment that converts one month from six months prepaid into rent expense via a journal entry.

Extract and reconcile closing month end reports by exporting trial balance, income statement, balance sheet, and profit or loss to Excel, review general ledger details, and compare figures for finalization.

Explore how Ravi Textile Mills, a manufacturing company, records raw materials, finished goods, and the manufacturing process, including opening balances and trial balance transfer in Peachtree.

Create a new manufacturing company in Peachtree by Sage, close the existing one, choose manufacturing with accrual accounting, set private limited ownership, and configure opening balances and inventory features.

Customize the Peachtree dashboard by adding account balances, customer balances, inventory items, and a bill to tailor the view.

Customize ledger names and set opening balances by updating the chart of accounts, creating new accounts (cash, bank, accounts receivable, inventory, machinery, loans), and adjusting ledgers for accurate financial history.

Update ledger opening balances in peachtree by sage, entering January 1, 2019 balances for cash on hand, accounts receivable, inventory, accounts payable, and owner's equity to balance debits and credits.

Update customer and vendor balances in Peachtree Accounting by Sage by entering opening and beginning balances, recording history entries, and saving changes to reflect accurate ledgers.

Create raw material inventory by adding new inventory items with stock items, assign average costing and unit costs, enter beginning balances, save, and set unit of measure.

Learn to update inventory balances in Peachtree by editing beginning balances, setting unit costs and quantities for each item, and saving changes to refresh the quantity on hand.

Create finished goods like shirts using a bill of materials recipe in Peachtree, enabling recipe management and assembly item setup, inventory details, and the average cost method for sales.

Learn to record accrued expenses paid by cash with a general journal entry on January 1, 2020, clearing opening liabilities in Peachtree accounting.

Enter a new purchase order for 40,000 units at 150 each (total 6,000,000), then receive 25,000 as a partial delivery against the bill, highlighting smart posting vs realtime posting.

Adjust the accounting period directly from the dashboard by editing system data, setting the start and end dates to prevent repeated prompts.

Enter a new raw material bill in Peachtree accounting from a credit vendor, enter the invoice number and date, select the expense account, and record items with quantities and prices.

Enter a sales order for finished goods not yet manufactured from Sheikhan Abdullah (order 24) dated January, ship by 15, for 3,000 shirts at 400 each, finalized via real-time posting.

Learn how to record bank transfers and cash withdrawals using general journal entries, including petty cash debits and bank credits, with a practical 25,000 withdrawal example.

Celebrate completing the course; apply the learned tools in professional and personal life, leave a review, ask questions in the Q&A, and check the next lecture's bonus discount.