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Peachtree - Assignment

The document outlines the setup of a company named 'YOUR Group' in Peachtree for the fiscal year 2024, including the creation of a custom chart of accounts and the use of real-time posting and accrual accounting methods. It provides detailed beginning balances for various accounts, including cash, receivables, inventory, and liabilities, as well as income and expense items for financial statement preparation. Additionally, it instructs to record transactions and make a backup at the end of the process.

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samuel asefa
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35 views5 pages

Peachtree - Assignment

The document outlines the setup of a company named 'YOUR Group' in Peachtree for the fiscal year 2024, including the creation of a custom chart of accounts and the use of real-time posting and accrual accounting methods. It provides detailed beginning balances for various accounts, including cash, receivables, inventory, and liabilities, as well as income and expense items for financial statement preparation. Additionally, it instructs to record transactions and make a backup at the end of the process.

Uploaded by

samuel asefa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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SETUPTHE COMPANY IN THE PEACHTREE BY USING THE FF

INFORMATION
COMPANY NAME :- YOUR Group

STARTING FISCHAL YEAR 2024

BUILD OWN YOUR CHART OF ACCOUNT,POTING METHOD REAL


TIME,ACCOUNTING METHOD ACCRUAL
Can’nt
 To use the the following beginning balance prepare financial statement .
1) Maintain chart of account.
2) Build own your chart of Account.
Petty cash 5000, cash at bank 1542927,Account receivable 25015,Advance Receivable
10,995, VAT Receivable 1472302, Beginning Raw material inventory 452,765,
beginning WIP 8081, Beginning FGI 13,9021,machinary 7394793,Furniture and
Equipment 774,035,Computer and Related 138,453, vehicle 413307, construction in
progress 8,399074,leasehold land 1,296328.
Can’t d …..
 Acc. Depre. –vehicle 66095,Acc. Dep. Machinary 1,224872,Acc. Depre. Furniture
and equipment 95423, Acc. Dep. computer and related 18,938, Building 356922,A/P
100,000,Retantion payable 134880, Income tax Payable 21977, Pension Contribution
Payable 15225, Withholding payable 25,497,cost sharing payable 708,lease payable
1127805,loan payable 1472302,Shareholder Account 3442678, Retained Earning
4021226 and Capital 17, 990,000
 Income from Advertising is 350,000, total salary expense is 25000, supplies expense
is 5000,transportation expense is 15000 , office rent expense is 35000, peridium
expense 15000, position allowance expense 5000,Income from Tent 1500.
volunteers Expense is 6500.income from donation 125,000.Income from rent office
46,000.stationary Expense 25000.
Pls record the above transaction .
 At the end of exam make backup on your flash and restore again
.

 Income from Advertising is 350,000, total salary expense is 25000,


supplies expense is 5000,transportation expense is 15000 , office rent
expense is 35000, peridium expense 15000, position allowance expense
5000,Income from Tent 1500. volunteers Expense is 6500.income from
donation 125,000.Income from rent office 46,000.stationary Expense
25000.
Pls record the above transaction .
 At the end of exam make backup on your flash and restore again

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