Week 9 Discussion
1 & 2

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“Closing the
Fiscal Year” Please respond to the following:

(1)Analyze
the facts you should remember when closing your books in Peachtree Complete
Accounting to determine which is the most important and the likely business
ramifications if this fact were overlooked. Explain your rationale.

(2)Peachtree
Complete Accounting provides a wizard to help you close your books. Recommend
at least two additional functions this wizard should incorporate and discuss
how those additional functions would help improve the overall ability of
management to make sound business decisions.

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“Vendors and
Purchases – Merchandising vs. Service-Based Businesses” Please respond to
the following:

(3)Create
a list of three best practices concerning vendors and purchases. Explain how
these practices would improve the quality of information provided to
management, using specific examples to support your response.

(4)Based
upon your experience in using Peachtree Complete Accounting to date, determine
the different challenges involved in maintaining vendor purchasing transactions
for merchandising businesses or service-based businesses, as well as how those
challenges could be addressed in a creative way.

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