DEVRY ACCT571 WEEK 4 LAB

In this Lab you continue using Peachtree Complete 2010 General Ledger Accounting Software. All of your work will be done using the following:

• Practice Set: "Comprehensive Assurance & Systems Tool (CAST), An Integrated Practice Set, 2^nd Ed., by Laura R. Ingraham and J. Gregory Jenkins. This Practice Set uses the "Winery at Chateau Americana" case project.
• Peachtree Complete 2010 software available from the iLab tab under Course Home

This week's lab will focus on the Accounts Receivables and Accounts Payables processes.

Create a file named PT_Lab_2_LastName_FirstInitial.docx – contains screen prints of your work as indicated in the lab steps

i L A B S T E P S

STEP 1: Preparation

• Open a Word document and save it as PT_Lab_2_LastName_FirstInitial.docx. This is where you will paste your screen shots of your progress through this Lab.
• At the top of the Word document add the following:
  
  • Your Name
  • Your Instructor's name
  • Course Number
  • Date
  • Peachtree Lab 2
    
• When indicated in the lab steps, take a screenshot of your computer screen and paste it to this file. At the end of the Lab, you will upload this Word document containing the screen shots to this week's Lab dropbox.
• Review the Tutorial: "Purchase/Payment Process"
• Read pages Computerized AIS-49 to Computerized AIS-55 in the CAST Practice Set Book
• Start Peachtree: Open the iLab Tab in Course Home and then click on the "Toolwire" link.
  

STEP 2: Setting up a new company

• Starting on page Computerized AIS-49: "SETTING UP ACCOUNTS RECEIVABLES", complete Requirements 1-6. (pages Computerized AIS-49 thru 52)
• Get a trial balance of A/R and do a print screen and paste it to your Word document.
• Label this screenshot – "Accounts Receivables"

Note: You can close the file and Peachtree will automatically save your work.

STEP 3: Setting Up Accounts Payable

• Starting on page Computerized AIS-52: "SETTING UP ACCOUNTS PAYABLE ", complete Requirements 1 thru 7. (pages Computerized AIS-52 thru 55)
• Get a trial balance of A/P and do a print screen and paste it to your Word document
• Label this screenshot – "Accounts Payable"

Note: You can close the file and Peachtree will automatically save your work.

STEP 4: Submitting the Deliverables

• Close Peachtree and your work will be automatically saved by Peachtree.
• Deliverable
  • Save your Word document containing your two screen shots.
  • Submit the Word document to this week's Lab dropbox.