Exercise 8-1 & 8-2

Exercise 8-1

1. Stone Arbor Landscaping’s standard hourly billing rate for Installing Hardscape for commercial customers is : 60
2. The tax status for installing hardscape for commercial customers is : 1
3. The general ledger account used for hardscape commercial is : 40000-hs
4. The item identification for installing hardscape for a commercial customer is : INSTL HARD-COMM

On exercise 8-1 the answers to the four questions can be found on the maintain inventory item section of Peachtree Complete software. This section can be found by going into the inventory and services tab and inventory items and then double clicking in item ID to see the maintain inventory item page. It is important to be able to find this information so if you ever need to change it you can find it to change, update or even just check the information. If the information is not correct you can send out bills with an incorrect amount on them and potentially anger your customers.

Exercise 8-2

1. O’Hara Homes 3/13/09 Sales invoice is in the amount of : 15289.31
2. The sales tax on the O’Hara Homes sales invoice is : 728.06
3. The G/L account number for Alan Hardman’s regular pay is : 40000-hm
4. How many hours did it take Alan Hardman to complete on the O’Hara job on 3/13 : 46

On exercise 8-2 you can find this information on the Sales Invoice List and Sales Invoice sections of the Peachtree Complete software. This section can be found by going to the Customers & Sales tab and Sales Invoice section then double clicking in the item ID to see the Sales Invoice list and the Sales Invoices sections. These pages are important to be able to find so you can check the information that pertains to a specific job to ensure the information is correct and you are charging your customers and paying your employees the correct amounts.