User Guide

Converting Quicken Data to Peachtree Accounting
Getting Started Guide
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Setting Up Necessary Accounts
Because Peachtree Accounting uses a full chart of accounts, there are some
accounts you must set up that you may not have set up in Quicken. The
accounts required to use each of these features in Peachtree Accounting are
shown in the following table:
All of these accounts must be set up in your chart of accounts (COA).
Additionally, some of the accounts must be set up as defaults (DEF). Refer to
the list to see which accounts must be set up as defaults. Follow these steps to
set up the necessary accounts.
Feature Account Description COA DEF
Customers Accounts Receivable (accrual method)
Cash Received
Discounts Allowed
Sales Tax Payable
Interest Income from finance charges
✓
✓
✓
✓
✓
✓
✓
Vendors Accounts Payable (accrual method)
Cash Disbursed
Discounts Taken
✓
✓
✓✓
Employees Cash Account
Gross Pay Account
Tax Liability Account
Tax Expense Account
✓
✓
✓
✓
✓
✓
✓
General Ledger Retained Earnings
Rounding (if desired)
✓
✓✓
Inventory Inventory Sales Revenue
Inventory
Cost of Sales
✓
✓
✓