Professional Documents
Culture Documents
Definitions
General Ledger:
Contains summary-level data for every asset, liability, equity, revenue,
and expense.
Subsidiary Ledger:
Records all the detailed data for any general ledger account that has
many individual subaccounts. This will be used for account
receivable and account payable.
Accounts receivable Subsidiary Ledger:
Records detailed data for customers buying product on credit
Accounts payable Subsidiary Ledger:
Records detailed data for the individual supplier or vendor credit
purchases of merchandise
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A chart of accounts:
It is a list of all general ledger accounts an organization uses , with
each GL account there is assigned number according to the
adapted coding technique.
Coding:
Is the systematic assignment of numbers or letters to items to
classify and organize them.
1) Sequence codes
Items are numbered consecutively
2) Block code
Blocks of numbers within a numerical sequence
Maintain Budgets
The maintain budgets window lets the business builds a
forecast of dollar amounts for selected accounts.
The business can filter the accounts it budget for by
account type or by account segment.
Maintain- budget
Building a Budget
When creating a new budget, the business can use actual data
to quickly building a budget and then adjust a mounts as
necessary.
Maintain budget-
From tool bar select- Autofill then the window asks you
how would you like to fill in this budget:
- Use actual amounts from Peachtree
- Copy amounts from the open budget
From tool bar select- Excel to copy the business budget to
Microsoft Excel to manipulate data to perform
calculations, then copy sections backs to Peachtree.
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