Peachtree Accounting Question:
Can peachtree manage your accounts payable without affecting the general ledger?
Answer:
Yes, your company is initially set up, in Peachtree, you can select either the accrual or cash basis of accounting. If set up on the cash basis, you can enter vendor invoices when they are received without affecting the general ledger. The general ledger is affected only when the invoice is paid. This same principal applies to customer invoices as well. This feature permits the user to let the system help manage accounts receivable.
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