What is the Sage Peachtree Internal Accounting Review?
From: “What is the Internal Accounting Review?” at Peachtree.com
The Internal Accounting Review is a tool that allows you to run an internal audit on your Sage Peachtree company data. It looks for common transaction mistakes and potentially fraudulent activity by running a series of up to 15 checks against your company data. If transactions are found, they are listed under the appropriate Internal Accounting Review check name for your review. You then have the opportunity to take the appropriate action on each transaction.
These checks represent common transaction mistakes and/or conditions that might be revealed in an external audit. While this review is not exhaustive, it is intended to help you identify, investigate, and if necessary, correct issues that may be problems. Here’s what we look for:
1. Purchases or bills that don’t credit an accounts payable account
2. Sales or invoices that don’t debit an accounts receivable account
3. Payments or checks that don’t credit a cash account
4. Receipts or money received that doesn’t debit a cash account
5. Transactions that debit and credit the same general ledger account
6. Possible duplicate transactions of the same type
7. Vendor invoices or bills from prior periods that have not been received
8. Transactions entered in the future
9. Transactions posted to inactive records
10. Un-reconciled cash accounts
11. Inventory items that default to duplicate general ledger accounts
12. Out of sequence checks
13. Accounts receivable accounts that are out of balance with the aged receivables report
14. Accounts payable accounts that are out of balance with the aged payables report
15. Possible duplicate paychecks for an employee within a pay period
From: “What is the Internal Accounting Review?” at Peachtree.com
Suzy Payne RabbSage Peachtree Certified Consultant
Sage Solution Provider
Passionate about Small Business
Send email to suzy@121-business.com
Website: www.121-business.com
Join my professional network at Linkedin and follow me on Twitter. Read More
Happy Thanksgiving to You!
Get in the spirit and enjoy this zany Thanksgiving greeting as your prepare for your own special holiday celebration.
We hope you have a very warm and cozy Thanksgiving filled with family, friends and fun!
Please note our office will be closed from November 21 through November 24.
Suzy Rabb![]()
Sage Peachtree Certified Consultant
Sage Solution Provider
Passionate about Small Business
Send email to suzy@121-business.com
Website: www.121-business.com
Join my professional network at Linkedin and follow me on Twitter.
Read More
Getting Started with Sage Peachtree 2012
So you’ve made the plunge! You have acquired and installed Sage Peachtree 2012. Or maybe you have a new employee who will be using Peachtree 2012 for the first time.
Either way, here’s a great video to get any new user started on the path to success.
Getting Around in Peachtree 2012 from The Sage Advisor
Sage Peachtree Certified Consultant
Sage Solution Provider
Passionate about Small Business
Send email to suzy@121-business.com
Website: www.121-business.com
Join my professional network at Linkedin and follow me on Twitter.
Read More

121 Business Software Consulting is a Sage Partner and offers a wide range of services related to Sage Peachtree. Suzy P. Rabb is the owner of 121 Business Software Consulting and your Live, Online Personal Guide to Sage Peachtree Success.



