User Guide

Lesson VII—Inventory

Beginning the Lesson

145

Lesson VII—Inventory

This lesson shows you how to implement and use Peachtree Accounting’s

inventory system.

You will learn how to:

• Set up an inventory item

• Use inventory with purchases

• Use inventory with sales

• Use inventory reports

• Make adjustments to inventory levels

• Maintain item prices

Estimated Lesson Time: 20 Minutes

Beginning the Lesson

If you are continuing from Lesson VI, skip this section and proceed with the

lesson.

If you are just starting the lesson, do the following:

1 Start Peachtree Accounting and open up the sample company, Bellwether

Garden Supply.

2 If the Action Items window appears, close it for right now.

3 From the Options menu, select Global. Peachtree displays the Maintain

Global Options window.

You need to make sure that the tutorial global options are set up

properly.

4 In the Accounting tab, do the following:

• Select Manual Decimal Entry and 2 as the number of decimal places.

• Clear the Hide General Ledger Accounts option for all modules

(Accounts Receivable, Accounts Payable, and Payroll).

• Select the “Warn if inventory item is out of stock” option.

• Select the “Recalculate cash balance automatically in Receipts and

Payments” option.