A General Overview of Peachtree Complete Accounting
REQUIREMENTS
Section I: Overview (minimum 2 pages)
Provide a general overview of Peachtree Complete Accounting. Make sure the overview provides the reader with a general understanding of the application, including the projected purchase price and any special hardware and/or software requirements.
Section II: Transactional Processing and Data Management (minimum 6 pages)
Describe how Peachtree Complete Accounting handles processing the accounting transactions and recording business activities for the revenue, expenditure and financing cycles. You should provide at least one detailed example of how one would record a specific accounting transaction/ business activity for each of the three transaction cycles below. Address the following questions in this section of the report. 1. Revenue Cycle (2 pages) Answer the following questions. * How can you create and maintain customers? * How can you create customer invoices? * How can you apply customer payments? * What reports can you run to provide you with information regarding your customers and their orders? Describe them. * What reports can you run in order to provide you with information regarding key revenue cycle information - sales, accounts receivable, cash? 2. Expenditure Cycle (2 pages) Answer the following questions. * How can you create and maintain vendors? * How can you create and maintain inventory? * How can you generate payments to vendors? * What reports can you run to provide you with information regarding your vendors and your accounts payable? Describe them. * What reports can you run in order to provide you with information regarding key expenditure cycle information - purchases, inventory, cash? 3. Financing Cycle (2 pages) Answer the following questions. * How can you create and maintain the chart of accounts? * How can you post journal entries? * What are the key financial
Section I: Overview (minimum 2 pages)
Provide a general overview of Peachtree Complete Accounting. Make sure the overview provides the reader with a general understanding of the application, including the projected purchase price and any special hardware and/or software requirements.
Section II: Transactional Processing and Data Management (minimum 6 pages)
Describe how Peachtree Complete Accounting handles processing the accounting transactions and recording business activities for the revenue, expenditure and financing cycles. You should provide at least one detailed example of how one would record a specific accounting transaction/ business activity for each of the three transaction cycles below. Address the following questions in this section of the report. 1. Revenue Cycle (2 pages) Answer the following questions. * How can you create and maintain customers? * How can you create customer invoices? * How can you apply customer payments? * What reports can you run to provide you with information regarding your customers and their orders? Describe them. * What reports can you run in order to provide you with information regarding key revenue cycle information - sales, accounts receivable, cash? 2. Expenditure Cycle (2 pages) Answer the following questions. * How can you create and maintain vendors? * How can you create and maintain inventory? * How can you generate payments to vendors? * What reports can you run to provide you with information regarding your vendors and your accounts payable? Describe them. * What reports can you run in order to provide you with information regarding key expenditure cycle information - purchases, inventory, cash? 3. Financing Cycle (2 pages) Answer the following questions. * How can you create and maintain the chart of accounts? * How can you post journal entries? * What are the key financial
References: This report is similar to a mini term paper in two parts. Make sure that all of the material you write is referenced, if you have taken it from any source. You’ll want to footnote the material in the report and list all your references at the end of your report. Do NOT include any screen shots in your report. Do NOT use lists or bullets. This report is to be written in essay format. Number your responses according to the section you’re answering below. If all of the instructions here are not followed, you will not receive full credit. DO NOT USE SCREEN SHOTS IN SECTION