Hi, I had a few questions and am really in need of help.
Using peach tree , how do you record the routine transactions using
peach tree. Non routine transactions are recorded in general journal
but where do you record the routine ones?
And from Jan to Sep, inventoy in was recorded by the system but
inventory that was sold (inventory out) wasnt recorded. what would be
the proper entry for that? Just credit the inventory account by the
missing amount? And you find the missing amount you use this formula?
Op bal (jan 1) + purchases (jan-sep) - closing balnce (as at sep 31).
PLEASE help. Thanks!
- posted 8 years ago