aljr1
05-21-2002, 11:38 AM
I have a client that is a small general contractor. I have this company set up in Peachtree Complete vs 8. I have been using Peachtree for about 3 years and have learn much about it during this time. Consequently I have realized that many things I originally set up can be set up much better such as employee and vendor ids etc. Also I have this contractor set up on "cash" basis instead of "accrual" basis. Initially this was OK but now the company is growing and I would like to basically redo a lot of things better. To achieve this I am thinking about starting a new company (accrual basis) using basically the same chart of accounts. However I would start with a clean slate of vendors and employees so I can establish different IDs. I plan to start the new company at the beginning of June or July. I realize I will have to put in beginning balances for the chart of accounts from the old company. My main question is payroll. I really want to start fresh with the new company. However at the end of the year I will have valid payroll data for employees in the the old company and also valid data for some of the same employees and new employees in the new company. The employees in the new company will simply have a new employee ID. Is it Ok to print two set of W-2s for any duplicate employees in both the old and new companies. I would appreciate and help and advice on this issue. Thanks