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Posted on Dec 10, 2008

Peachtree first accounting 2007 income statement has incorrect %

Peachtree fist accounting 2007 - income statement shows 20,784 % on the report. This number should be 100 or less.

  • Anonymous Mar 14, 2014

    Peachtree payroll is adding days to vacation remaining and taken incorrectly

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  • Posted on May 14, 2009
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Wow, that's a lotta percent... something is posting incorrectly, and could be for one of two reasons:

1. You could go to Tasks > Maintain > Company and go through the way the company's accounting is set up, but more than likely, it's #2.

2. Someone is posting journal entries and getting their debits & credits mixed up. That's something that unfortunately nobody can help you with unless they're physically there with you going over individual journal entries. I would suggest this: If there was a time EVER when the income statement was correct, GO BACK TO THAT. Then start printing journal entries from that point forward and make sure that all the amounts for each journal entry were correctly categorized as either a debit or a credit. All journal entries must zero out at the bottom. I don't think that Peachtree will even let you save a journal entry unless it's zeroed out. Good luck!!

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What is accounting?

Accounting is an art of recording and organizing data to make financial statements such as Income Statement, Balance Sheet, Statement of Cash Flows to name the few. The financial statements are crucial in the decision making of the management. Accountant (your possible job title) plays an important role in any organization because he or she gives sound financial decision base on her report. http://www.accountingassignmenthelp.net/
tip

How To Run Data Verification In Peachtree Accounting

<p>Data Verification is a Peachtree utility that allows you to verify if any of your data files are missing or possibly damaged. During the verification process, Peachtree makes any needed changes so that your data records are compatible with Peachtree data formats. For example, if an ID in a data record has more than the maximum allowable characters, Peachtree will truncate the ID. Also, any files that Peachtree finds to be corrupt and unusable are deleted during the verification process. <br /> Following verification, Peachtree generates a log that details all errors encountered and reports on any changes made, as well as any corrupt records deleted. Follow these steps to run the test:<br /> <ol> <li>In your company, from the <b>Tasks</b> menu select <b>System</b>, <b>Change Accounting Period</b>.</li> <li>Highlight the first <b>Accounting Period</b> on the list and click <b>OK.</b></li> <li>From the <b>File</b> menu, select <b>Data Verification</b>.</li> <li>Select the <b>Both Tests</b> (recommended) option from the menu and click <b>Start</b>. <br /></li> <li>You will be prompted to make a <b>backup</b> of your Peachtree data. This is a required step. Click <b>Save</b>. The data verification test will begin automatically when the backup is complete.</li> <li>If no errors were found, click <b>Close</b>. If errors were found, you can examine the details of the tests by clicking the <b>View Error Log</b> button.</li> <li>To change back to the current Accounting Period follow steps 1 and 2 above.</li></ol>
on Feb 21, 2011 • Computers & Internet
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1answer

Cannot open Peachtree Complete Accounting 2007 as error message states cannot connect to pervasive 9

Apparently your Peachtree system is linked to Pervasive database stuff.

It is possible your system remotely connects to pervasive or you have pervasive software on your machine. It is possible that you subscription to their service ran out OR a change has been made to your Pervasive stuff or computers it operates on that has made it impossible for your Peachtree software to access the databases it is tied into.

If you connect to Pervasive remotely, then check your internet access and subscription status.
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luciana44

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