peachtree-software peachtree complete accounting 7.0 Guía De Instalación Rápida
Lesson III—General Ledger
Posting Transactions to the General Ledger
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Select the Allocate button on the Budget This Year side.
The $1800.00 is distributed over all accounting periods during the year,
with any odd pennies being distributed to the last accounting period.
with any odd pennies being distributed to the last accounting period.
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Select Save, and then select Close to close the window.
Budget information can be viewed in financial statements and certain
General Ledger reports.
General Ledger reports.
Posting Transactions to the General Ledger
Peachtree Accounting offers two methods for posting transactions.
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Real-Time Posting: Transactions are written to the General Ledger
as they are entered and saved. If your company uses real-time posting
you will select the Post button to record a transaction.
as they are entered and saved. If your company uses real-time posting
you will select the Post button to record a transaction.
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Batch Posting: Transactions are saved in a temporary holding area
and later posted in a group. You can print registers and check the
batch of transactions before they are posted to the General Ledger. If
your company is using batch posting, you will use the Save button to
record a transaction. Later, you post all the saved transactions at one
time by selecting System, and then Post from the Tasks menu.
and later posted in a group. You can print registers and check the
batch of transactions before they are posted to the General Ledger. If
your company is using batch posting, you will use the Save button to
record a transaction. Later, you post all the saved transactions at one
time by selecting System, and then Post from the Tasks menu.
There are several advantages for using either posting method. Refer to the
“General Ledger” chapter of the User’s Guide to determine which method best
suits your company’s needs.
“General Ledger” chapter of the User’s Guide to determine which method best
suits your company’s needs.
You can change posting methods at any time by selecting Company
Information from the Maintain menu. Our sample company, Bellwether
Garden Supply, uses the real-time posting method.
Information from the Maintain menu. Our sample company, Bellwether
Garden Supply, uses the real-time posting method.
The General Ledger and General Journal
The General Ledger contains all journal transactions posted to the chart of
accounts and keeps track of account balances. Each program area contains
journals that list the transactions for that specific area. For example, Accounts
Receivable information (sales orders, sales invoices, and receipts) is recorded
in the Sales Order Journal, Sales Journal, and Cash Receipts Journal,
respectively.
accounts and keeps track of account balances. Each program area contains
journals that list the transactions for that specific area. For example, Accounts
Receivable information (sales orders, sales invoices, and receipts) is recorded
in the Sales Order Journal, Sales Journal, and Cash Receipts Journal,
respectively.
If you are operating in an accrual-based company, all journal transactions are
posted collectively to the General Ledger. If you are operating in a cash-basis
company, some journals will not be included, such as the Purchase Journal
and Sales Journal. These purchase and sales transactions are posted to the
General Ledger in the Cash Disbursements and Cash Receipts Journals,
respectively.
posted collectively to the General Ledger. If you are operating in a cash-basis
company, some journals will not be included, such as the Purchase Journal
and Sales Journal. These purchase and sales transactions are posted to the
General Ledger in the Cash Disbursements and Cash Receipts Journals,
respectively.