Newbie question

Your receivables and payables plus associated subledgers won't reflect the detail that you enter in your journal entries. You won't have any history of what your customers have purchased nor do you know who still owes you money. You will also be lacking the equivalent detail for the vendors that you do business with. Try and keep things simple as you start using the program.

For your customers, when you sell something create an Invoice (Tasks>>Sales/invoicing). Then when you receive money from them, record the Receipt (Tasks>>Receipts) and check off the Invoice(s) paid. Select the customer using the drop down menu.

For your vendors, when you get a bill create an invoice (Tasks>>Purchase/Receive Inventory). Then when you pay the bill, make a payment (Tasks>>Payments) and check off the Invoice(s) paid. Select the vendor using the drop down menu.

If you are us>I began using Peachtree complete today. I know what I want to debit and what

A question to toss out - did you use one of the "canned" charts of accounts that come with peachtree or did you build your own?

I ask because if you picked one from the list, you should be fine entering payables, bills, etc. If you chose none and built your own, you might be seeing strange results because of the settings for default a/r, a/p, payroll, etc. accounts.

Also, you might want to go to "options, global" and uncheck the boxes "hide general ledger accounts" so that you can see what accounts are defaulting on the screen. You can always hide them for specific users if you need to, but I definitely prefer to see those.

Also, in any screen you are entering a transaction, you can click the "journal" button at the top to see how the transaction is debiting/crediting.

Don't forget good ol' paper, pen & Mr. T - (t-accounts, where you draw a T for each account and work out on paper how a transaction needs to post) when you are having trouble figuring out what SHOULD be happening. It has helped me alot over the years, yet alot of people forget about it when faced with technology.