User Guide

What QuickBooks Data Is Converted
Converting Chart of Accounts
259
Accounts Payable and Accounts Receivable Accounts
If you set up vendors in QuickBooks, Peachtree will require an accounts
payable account. If you set up customers in QuickBooks, Peachtree will
require an accounts receivable account.
During the conversion, Peachtree will prompt you to select default purchase
and sales accounts. The purchase account selected (typically an expense
account) will be assigned as the default for all vendors converted from
QuickBooks. The sales account selected (typically an income account) will be
assigned as the default for all customers converted from QuickBooks. After
the conversion, you can assign unique defaults for each vendor and customer.
Non-Posting Accounts
QuickBooks lists non-posting accounts in its chart of accounts. These
accounts do not impact the General Ledger and cannot be used in Peachtree
Accounting. Therefore, they will not be converted.
Sub Accounts
Sub accounts, sub accounts of, descriptions, and bank numbers in
QuickBooks are not converted to Peachtree. Each account in the Peachtree
chart of accounts is unique. However, you can set up accounts that use
department masking. For more information, refer to the “General Ledger”
chapter of the Peachtree Accounting User’s Guide.
Budget Information
Budget information for each QuickBooks account is not converted to
Peachtree. However, you can easily set these up in Peachtree after the
conversion is complete. For more information, refer to the “General Ledger”
chapter of the Peachtree Accounting User’s Guide.
Account Balances
The current balance (at the time of the conversion) of each account listed in
the General Ledger is converted as account beginning balances in Peachtree
Accounting. Each account beginning balance is entered as of the day before
the first period you chose to enter data during the conversion process. For
more information, see
Understanding Balances after Converting from
QuickBooks” on page 277.