Peachtree and QuickBooks

1. Peachtree and QuickBooks Carol Yacht, Author McGraw-Hill carol@carolyacht.com www.mhhe.com/yacht

2. AgendaQ/A/Comments anytime! What software does business use? (Slides 3-4) Differences between Peachtree and QuickBooks (Slides 5-16) Curriculum - Accounting course sequence & software use (Slides 17-19) Accounting Software Hierarchy What is VARK? Assessment rubrics: using software features to reinforce accounting principles and procedures. (Slides 20-23) Online learning center (Slides 24-34) Feature Quizzes Flash Videos Test bank QA Templates Syllabi Semester and Supplemental books (Slides 35-37) 2

3. What software does business use? Microsoft Office Suite: Word Excel Outlook, PowerPoint, Publisher, Access Internet Explorer Accounting: Peachtree (Sage) Quicken (Intuit) QuickBooks (Intuit) Microsoft Dynamics GP MAS 90, 200, 500 (Sage) Oracle, SAP 3

4. Accounting Software Use Peachtree users: 3.1 million customers in US and Canada - http://sage.com/ourbusiness/sageworldwide 6.2 million worldwide - http://sage.com/ourbusiness QuickBooks, about 3.5 million US and Canada The major differences between accounting software applications include the depth of processing, enhanced features and functions, and the size of the database. As the database gets larger, the depth of processing increases and more features and functions are available. As companies grow in size, their accounting software needs change. 4

5. Is there a difference between Peachtree and QuickBooks? User interface is different Both organize data by module Reports mostly the same Difference mostly cosmetic not structural CY’s two-cents worth: decide whether you want to reinforce the accounting model, i.e. special journals/subsidiary system/general ledger accounting cycle [Peachtree] or one journal fits all [QuickBooks]. Teaching both applications gives students best workplace/résumé-ready skills. For more advanced study, include Dynamics GP. 5

6. Peachtree and QuickBooks 6

7. Accounting Today says… While Peachtree and Intuit pretty much share the retail market, they tend to have very different kinds of users. Feature-wise, QuickBooks and Peachtree Accounting are very similar in functional capability. QuickBooks and Peachtree started off targeting two different kinds of users. Peachtree, which has been available longer, was a direct double-entry accounting system, and was aimed at an accounting or bookkeeping professional who was used to making Cash Disbursement and Cash Receipts entries, as well as dealing with general journal and subsidiary journals. QuickBooks grew out of a need to supply small-business owners and sole proprietors who were trying to use Quicken to manage their business with a more powerful application more suitable for use in a business environment. Peachtree started out as a full-blown accounting system, while QuickBooks had to grow into the role. 7

8. General Ledger System

9. Peachtree: An Accounting Information System 9

10. User Interface: Peachtree and QuickBooks 10

11. 11

12. 12

13. QuickBooks Backup/Restore 13

14. Peachtree Backup/Restore: PTB 14

15. 15

17. Where could accounting software fit into the curriculum? 17

18. Accounting Software Hierarchy 18

19. Learning Styles: What is VARK? 19

20. Chapter 5, General Ledger, Inventory, Internal Control Assessment Rubric 20

21. Chapter 5, General Ledger, Inventory, Internal Control Assessment Rubric Answer 21

22. Chapter 7, Financial StatementsAssessment Rubric 22

23. Chapter 7, Financial StatementsAssessment Rubric Answer 23

24. Peachtree Online Learning Center www.mhhe.com/yacht2011 (soon) Now: www.mhhe.com/yacht2010 NEW! Peachtree 2011 15/e: Assessment rubrics Accounting cycle, transaction and report analysis, user interface! Check figures Export to Excel in every chapter Learning Objectives (text and OLC) Software design/AIS appendix (in PT 2010 14/e & 2011 15/e book) PowerPoints Syllabi (PT/QB course) YouTube (Peachtree resource center) Flash Videos Feature Quizzes Excel Reports QA Templates PDF and PTB solutions Instructor’s Manual 24

25. Online Learning Center: www.mhhe.com/yacht2010 25

26. Student Edition 26

27. Password for Instructor Edition 27

28. Assessment: Feature Quizzes 28

29. Immediate feedback 29

30. Feature Quiz: Q3 of 8  30

31. Q3 feedback  31

32. Quiz is graded  32

33. Review Quiz 33

34. Review answers  34

35. Textbooks for Semester or QuarterComputer Accounting or AIS courses Computer Accounting with Peachtree Complete 2011, 15e, 007-750-5034; 864 pages. Includes software CD. www.mhhe.com/yacht2011 (Publication date Feb. 15 2011) Computer Accounting with Microsoft Dynamics GP 10, 2e, 007-811-0793; 700 pages. Includes software and student data DVDs. Data has 120-day time limit. Software has no time limit. www.mhhe.com/dynamicsgp10

36. Supplements for:College Accounting, Fundamental Accounting Principles, Principles of Accounting, Financial and Managerial Accounting, Intermediate Accounting, Accounting Information System, Computer Accounting Computer Accounting Essentials with QuickBooks Pro 2010, 5/e, 007-740-8950; 230 pages. Includes 140-day software CD. Schools need to contact Intuit for site license price list (http://accountant.intuit.com/training_cpe/intuit_education_program/qb_educator_resources.aspx ) Computer Accounting Essentials with Microsoft Dynamics GP 10.0, 2e, 007-811- 0807; 270 pages. Includes software and student data DVDs. Data has 120-day time limit. Software has no time limit. Student Guides to QuickBooks Pro 2011 for use with Fundamental Accounting Principles 20e, Financial & Managerial Accounting 4e, Financial Accounting Fundamentals 3e by Wild et al. All problem material within Student Guide, 120 pages. Includes 140-day software and student data CD. Student Guide to QuickBooks Pro 2010 for use with College Accounting 2e by Wild. All problem material within Student Guide, 120 pages. Includes 140-day software and student data CD. ISBN 007-742-6932 CYGL/Peachtree DVDs for various accounting textbooks.

38. Q&A 38

39. Keep in touch! Carol Yacht carol@carolyacht.com www.mhhe.com/yacht 39