This method consists of cash transactions. Under accrual method, the transactions are posted and accounts are updated only when any economic event takes place and entered. Peachtree has two accounting methods one is Accrual method and the other is Cash method. This software is also very helpful for the management of various natures of organizations, such as NGO’s and Non-profit organizations. Peachtree Accounting Software is very easy to use and covers almost all the aspects of the accounting transactions of business. For example, Accounts Receivable is being used instead of Debtors, Accounts Payable is being used instead of Creditors, Inventory is being used instead of Stock, Vendor is being used instead of Supplier, etc. In this software, American terminologies are being used. It is mainly used for financial accounting and cost accounting. Peachtree Accounting Software is American-made. Here, we will discuss the Peachtree accounting software. All these software’s are used depending on the nature of the business. There is a lot of accounting software’s being used in different organizations, such as QuickBooks, Instant Accounting, Dac Easy.
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