The trial balance is an accountant’s report used to identify issues with the respective ledger accounts. In general, the trial balance sums all the debits and credits in the footer section and the accountant verifies that the total debits equal total credits. This confirms proper entry in the dual entry accounting system.
Peachtree is n accounting software that came out in the early 90’s under the old DOS formats. It is designed for accountants and is a little more advanced for the average bookkeeper. Over the years, it has advanced to use in modern windows operating system and is currently called ‘SAGE’ after the company was purchased several years ago. The software uses traditional journals and ledgers to track the accounting information.