(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.