Hello,
I have just started using inventory with Peachtree Complete 2002. Peachtree receives stock items but only posts the transaction to either the inventory account or the sales account. If all reports are to be correct, it has to post to both. What did I do wrong?
If I understand your question correctly....the receipt of a stock inventory item will "credit" the accounts payable and "debit" to inventory account. That is a balanced transaction.
If your problem is other than above, suggest you repost your question with more detail.
"D Drake" wrote in news:qhLZg.84915$ snipped-for-privacy@bgtnsc04-news.ops.worldnet.att.net:
Thank you D Drake,
I am not an accountant and misunderstood how inventory works. I was expecting postins at purchase time that actually happen at sale time. All is well.
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