Peachtree, inputting income through general journal and having it show up on the general ledger?

Asked by ngelugh (55

) October 4th, 2009

I have been trying to get the income my company receives, inputted into peachtree accounting. We keep our income records under Microsoft Access, and we are trying to input the amounts so it shows up on our general ledger. We have already been posting expenses onto peachtree so updating the chart of accounts for income is tricky. i was told to use the Journal entries… which i have. The updated info shows up on the Income statement, but not on the general ledger… how come?

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1 Answer

I don’t know much about this program. I would almost guess that the opposite problem would happen with journal entries, where they would show up in the GL and not on an Income Statement.

Are you posting the amount into the bank account as well? Does this program do bank reconciliations? If you’re not reconciling your bank statement with our accounting program, you waste a lot of time. I can’t see the point of keeping two separate sets of accounts. Keeping income records under Access is one thing, but the postings to Peachtree should be done regularly, I would think, and not just end of year and reconciliation to the bank account or you’re not going to balance.

It’s been a few years since I did any proper accounting and I hope something I’ve mentioned here might help.

cazzie (24516

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