Peachtree- General Journal Entry

General Journal Entry

The journal entry is the point of entry of business transactions into the accounting systems. It is chronological record of the transactions, showing an explanation of each transaction, the accounts affected, whether those accounts are increased or decreased, and by what amount.

 Go to the task bar menu and click on the General journal entry.

The following window will appear.

1.First of all enter the date of which period you want to enter the general journal entries in “Date” field

2.Enter the reference number in “Reference” field. This field is used to give a unique or different code to each journal for identification.

3.Enter the “GL Account” for which you want to enter the journal entries, and the general ledger account can be added in chart of accounts.

4.Enter the description of journal entry in “Description” field.

5.Enter the amount from which you want to debit the entry in “Debit” field.

6.Enter the amount from which you want to credit the entry in “Credit” field. Remember that the amount   of debit and credit should be the same.

 At last Click the “Save” button to save the journal entries.

 How to use global option in Peachtree?

at 1^st open peachtree software

than go the options and select Global

After selecting this window will appear

Select option manual, and than add decimals you desire.

Automatic option will add decimals automatically.

Hide general ledger account

By checking the option of account receivable, account payable and payroll entry will hide.

Other options

Checking of this option enable us to.

Warn if a record was changed but not save

Hide inactive records

Recalculate cash balance automatically in receipts, payments and payroll entry.

Use time slips accounting links

Next is general

Improve performance, can be made by making check and uncheck the options which are given.

Line item entry display

Select this option after adding debit and credit data.

Don’t print total page lengths in headers

Don’t show quantity on hand in inventory item lookup lists

smart data entry

Automatic field completion

Drop down lists displays automatically

by checking or un checking

colour scheme

different options are available select whatever you want.

Next is peachtree partners

3 options, low, medium and high

Medium option is recommended

Last is spelling

You can make many options checked and unchecked here

Peachtree spell check

Than spell check options are given tab for dictionary is also available

Than running options

vendor credit memos.

vendor credit memos.

After recording purchases we will now learn how to record purchases returns.

We will select “vendor credit memos” from the task menu.

We will select “vendor credit memos” from the above picture.

After selecting on it the following window will appear:

Mainly this window is used to record the purchases returns.

We will firstly select the vendor ID. Then we will input the date on which we are going to make this purchases return order.

After selecting vendor the following changes will appear in the same window:

In this window we will select the invoice number of which we are going to make purchases return.

After selecting the invoice the following changes will appear:

In this window simply we have to write in the “returned” column the quantity of goods which we are going to return. For example we are going to return 2 items then following changes will appear:

The amounts  of the units will appear.