Are you expertise in sage 50 accounting (peachtree accounting) application software? Want to pursue your career as an accounting professional? Searching for the best interview questions and answers to fulfill your career dream? Then here’s a solution with wisdom jobs. Peachtree is an accounting application developed for small and medium-sized businesses (SMBs). Now it is called as Sage 50 accounting application. Peachtree is designed for comptrollers and managers to automate and manage numerous accounting transactions such as reconciling accounts payable and receivable. Peachtree accounting software is widely used by top companies for better accounting management transactions. Find numerous jobs like SAP, Tally and Peachtree trainer, SAP functional expert, US tax reviewer, Accounting senior analyst, business analyst and SAP FICO consultant etc. Have a look at Peachtree Accounting job Interview Questions and answers to crack your job interview.
Peachtree Accounting is business management software published by Sage Software and sold primarily in the United States. There have been several generations of software sold under the Peachtree Accounting name.
Peachtree Complete Accounting Multi-user Value Pack actually is the "multi-user" license, that allows you to run Peachtree on an unlimited number of workstations within a local area network. That is why value pack is more expensive but most cost effective option. The retail stores sell single-user only, which will not work in a multi-user environment.
Absolutely yes, data sharing is one of the main reasons you need Peachtree. Peachtree Accounting software is designed with SME in mind. It supports small businesses with up to 5 users sharing data on a network. When your business grows larger, you may then upgrade to Peachtree 2003 which is designed for medium to large businesses. Or if you have a large firm you can try other programs such as Business Works or MAS-90 Accounting Software.
One option is to rent a leased line and connect the sites together to become one network. For those companies requiring more detailed security, v6 & v6 Plus Time and Billing have more extensive security options. Other options would be to use PC Any where or setup a Virtual Private Network by using the internet.
Follow these steps to delete Peachtree 5.0. (Do not use Windows Uninstall to delete Peachtree).
In the Peachtree products, job tracking is a standard feature. Peachtree Complete, Time & Billing has a more detailed job costing features, which allows phase and cost codes.
In most cases a required component was not registered during installation or during the application update. To correct this you need to:
If you can not see the file extensions:
From our experience, when you face file system error 35 while using Peachtree, probably it's caused by the fact that the Peachtree data folder is not available. Here's how to troubleshoot this problem.
Troubleshooting file system error 35 on a network:
Just enter the descriptive data in the Item Type field and save the Item itself. The new Item Type will appear as an available entry for any future item creation.
Yes create a new company and you can do it in Peachtree as well i am pretty much sure about this.
Sage software's release of peachtree premium accounting for Construction is customized specifically for the needs of subcontractors, contractors and operations managers in the construction industry. Small construction companies and individual contractors both use construction industry-specific functions like job costing, fixed assets tracking, progress billing and advanced budgeting to control costs, track expenses and organize billing. Peachtree also makes industry specific versions for accountants, distributors, manufacturers and non-profit organizations.
Peachtree enables comptrollers and managers to automate and manage numerous accounting tasks, like:
☛ Reconciling accounts payable and receivable.
☛ Creating financial statements, check invoices.
☛ Tracking banking transfers and payroll.
☛ Importing and manipulating spreadsheets.
☛ Integrating scanned documents like checks, receipts and invoices, eliminating paper from the accounting process.
Follow these steps to delete Peachtree 5.0. (Do not use Windows Uninstall to delete Peachtree):
☛ Using Windows Explorer, delete the paw50.ini file. This is located in your windows directory: c:windowspaw50.ini.
☛ Using Windows Explorer, delete the path where Peachtree is installed: c:pttrial is the default.
☛ Empty your recycle bin.
☛ Turn off your computer for 30 seconds.
☛ Restart your computer.
☛ Install Peachtree the Peachtree CD. You should be able to do a "Standard" install. If you do not get a "Standard" install option, you did not delete the two files shown in instruction 1 and 2.
Yes, your company is initially set up, in Peachtree, you can select either the accrual or cash basis of accounting. If set up on the cash basis, you can enter vendor invoices when they are received without affecting the general ledger. The general ledger is affected only when the invoice is paid. This same principal applies to customer invoices as well. This feature permits the user to let the system help manage accounts receivable.
If you have 2 or 3 computers, you may buy a copy of "Peachtree Complete" for each computer. However, if you have 3 or more computers connected in a network, the "Peachtree Complete Value Pack" will be the best choice.
From our experience, when you face file system error 35 while using Peachtree, probably it is caused by the fact that the Peachtree data folder is not available. Here is how to troubleshoot this problem.
Troubleshooting file systerm error 35 on a network:
☛ Check if you can browse the network and you have sufficient user rights for the Peachtree data folder.
☛ Check if you have mapped the Peachtree data as a network drive like P:, make sure P: is present. Otherwise, you need to map the network drive again.
In most cases a required component was not registered during installtion or during the application update.
To correct this you need to:
☛Restart the computer
☛Close any applications opened on start up.
☛Open Windows Explorer.
☛In the Application Folder double click on the first DLL (If you do not see the 'dll' extension look at the section below) file.
☛If the 'Open With' window pops up click on Other and then select the C:WindowsSystemregsvr32.exe (If you can not find this file click regsvr32.exe.)
☛Put a check mark next to 'Always use this program to open this type of file.'.
☛Select the regsvr32 or Microsoft Register Server file from the list. Click Ok.
☛The message box should say 'succeeded.' then click OK.
☛Double Click on all files that end with dll except wizsys.dll.
☛Restart the Computer.
If you can not see the file extensions:
☛From Windows Explorer, Click on View, Folder Options.
☛Click on the View Tab.
☛Under Hidden Files: Click next to Show All Files.
☛Remove the check mark next to 'Hide file extensions for known file types.'
Yes. Peachtree supports FIFO, LIFO and average costing for inventory items.
In the peachtree products, job tracking is a standard feature. Peachtree Complete, Time & Billing has a more detailed job costing features, which allows phase and cost codes.
You can set a filter option so that journal reports add a column for an account name.
Follow these steps to add an account name to the Cash Disbursements Journal:
☛ Open one of your Peachtree companies. From the menu bar, click on Reports, Accounts Payable, highlight the Cash Disbursements Journal, then click on the Screen icon.
☛ Click on the "Fields" tab. Scroll down the list, until you see "GL Account Description." Click on the box to put a check mark in it. Then, click on OK. The Cash Disbursements Journal displays with an additional column for "Account Description."
☛ Use these steps for other reports. Once you click on the "Fields" tab after selecting either Screen or Print, you will be able to add a "GL Description" for most reports.
Peachtree accounting has a report group feature. Once this is set up, the user can run the report group and wait until the process completes. This usually takes a long time, so we suggest you attend to other tasks until the Report Group is finalized.
Yes. With peachtree's built-in form/report designer, you may customize forms and reports to fit your specific needs. Powered with crystal report for peachtree, many complicated forms and reports can be created.
You can use peachtree's aging reports to display or print information that is contained in a Schedule of Accounts Payable or Schedule of Accounts Receivable.
Follow these steps to display a report similar to a Schedule of Accounts Receivable:
☛ Open one of your peachtree companies. From the menu bar, click on Reports; Accounts Receivable; scroll down the report list, then highlight Aged Receivables; then click on the Screen icon.
☛ Click on the "Fields" tab. Then, click on "Deselect All."
☛ In the "Show" column, click on Customer ID, Customer Name, Amount Due. Then, click on OK. Your screen displays a report that is similar to a Schedule of Accounts Receivable. For a Schedule of Accounts Payable, follow similar steps.
Development of payroll deductions and accruals is very flexible. The user can write a formula for the deduction or accrual and define whether it should appear on the pay-stub.
The financial statement design feature is very flexible. The user can define what will appear on each row and also each column. The user can also display columns that are a result of calculations.
If Peachtree data becomes inaccessible you can recover the files by reindexing the files.
Steps to run integrity check and reindex Peachtree files.
☛ Close your Peachtree System and select run from the Start menu.
☛ Type "C:PeachwPeachw.exe -i" and press the button "Yes", where "C:Peachw" is the folder your Peachtree is located. Peachtree will open.
☛ Select the "Integrity check" from the FILE menu.
☛ The message will remind you to backup your files. Press the button "Backup" to make a copy of your data, or you can just press "continue" to ignore the message.
☛ You will see another screen, click on the box "Reindex files" and select the files you want to reindex, then press OK. The process will take a few minutes depending on the size of the files.
One option is to rent a leased line and connect the sites together to become one network. For those companies requiring more detailed security, Plus Time and Billing have more extensive security options. Other options would be to use PC Anywhere or setup a Virtual Private Network by using the internet.
Absolutely, data sharing is one of the main reasons you need peachtree. Peachtree accounting software is designed with SME in mind. It supports small businesses with up to 5 users sharing data on a network. When your business grows larger, you may then upgrade to Peachtree 2003 which is designed for medium to large businesses.
The way passwords have to be entered into wizard applications has changed, since Peachtree Release 6 Batch 01. If you are having these problems, just simply follow the appropriate steps below for entering your password.
Peachtree Accounting for Windows Release 5 Batch 04
☛ Enter your password.
☛ Passwords are case sensitive.
Peachtree Complete Accounting for Windows Release 6
Peachtree Complete Accounting for Windows Plus Time and Billing Release 6 Batch 03
Peachtree Accounting for Windows Release 7
Peachtree Complete Accounting for Windows Release 7
Peachtree Accountinf for Windows Relasse 8
Peachtree Complete Accounting for Windows Release 8
☛ Enter you UserIDPassword.
If you have lost your shared drive, then follow these steps for mapping a shared drive for workstations in a network environment:
☛ Right click on the "Start" button, run the Windows Explorer. Press the button for network drive mapping or choose [tools] from the menu bar and select the [map a network drive] option.
☛ Select a drive letter such as P: and type the path of the peachtree server, like server name share name, where server name is the name of your server and share name is the name of the shared resource you set, by default it's the name of the folder. Also mark the checkbox "Reconnect on logon" so that this connection remains after reboot.
Peachtree Accounting Related Interview Questions
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Peachtree Accounting Related Practice Tests
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|Finance Practice Tests||Accounts Receivable Practice Tests|
|Accounting Principles Practice Tests|
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