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
12 years ago