Re: Peachtree first accounting 2007 income statement has...
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!!
a 6ya Technician can help you resolve that issue over the phone in a minute or two.
Best thing about this new service is that you are never placed on hold and get to talk to real repair professionals here in the US. click here to Talk to a Technician (only for users in the US for now) and get all the help you need. Goodluck!
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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/
<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.
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 />
<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>.
<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>
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.
I've seen this before with peachtree. What happens every time you work on an accounting file peachtree locks the contents of the file. Occasionally the software never gets the chance to unlock it. This can happen if the computer shuts down unexpectedly, a file gets corrupted etc. You should find in your installation depending on the version a scan utility that can scan your accounting main file and see if there are problems and correct them. If not next try a re-install of peachtree and run the updates and try opening the file. Finally if not it is time to restore an update you have prior to the problem.
I HAVE PEACHTREE. SOMEHOW OVER THE WEEKEND OR AT SOME POINT OUR ACCOUNTING PERIODS HAVE GOT OFF TRACK.
I NEED TO CHANGE OR EDIT THESE TO MAKE OUR DATES RIGHT.
CAN YOU PLEASE TELL ME HOW TO CHANGE. WE ONLY HAVE
1 YEAR OPEN WHICH IS 2010.
No it has not been corrected. After yesterday's experience with the sales tax not working it finally came out that apparenty Peachtree had installed a bug that would cause the system to fail after a certain age. Your techs from your premium side that attempted to fix it before that notice failed miserably. I know there is a code somewhere inside it that cause the problem but they apparently cannot find it. I believe it is an attempt by Peachtree to force the customer to upgrade which I do not want to do.