Hello Charles,
Thank you so much for the brilliant suggestion.
I would look into it and try getting more samples excercises so we can practice.
For now here is a sample for setting up purchases
Hello Joy,
Thank you so much for the beautiful question.
To answer your question, I would want to explain what is meant by- BANK RECONCILIATION
Bank reconciliation is the process of matching the balances in your companies’ accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate. The bank account won’t be debited directly from any accounting software’s as there are approvals to be obtained from management or other authorities before doing so. Thus, the balance in your bank account on peachtree would be inputted manually and then later reconciled with the main bank account. Any disparities between the balance in the bank account and the balance in the companies cash/ checking’s account on peachtree would call for bank reconciliation.
16 Comments
Interesting
Hi Christiana
I am glad you are enjoying the course.
Keep it up.
Amazing
Hi Sir I think you are doing a great job. But please this is my suggestion which is you adding some examples so we can practice after the class
Hello Charles,
Thank you so much for the brilliant suggestion.
I would look into it and try getting more samples excercises so we can practice.
For now here is a sample for setting up purchases
https://docs.google.com/spreadsheets/d/1HhW3LZMEpEV0RHcxsvhpWG11WTZyjz3h/edit?usp=drivesdk&ouid=113963737949837451412&rtpof=true&sd=true
copy the link and past on your browser
How do you make payments when no bank account was linked?
Hello Joy,
Thank you so much for the beautiful question.
To answer your question, I would want to explain what is meant by- BANK RECONCILIATION
Bank reconciliation is the process of matching the balances in your companies’ accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate. The bank account won’t be debited directly from any accounting software’s as there are approvals to be obtained from management or other authorities before doing so. Thus, the balance in your bank account on peachtree would be inputted manually and then later reconciled with the main bank account. Any disparities between the balance in the bank account and the balance in the companies cash/ checking’s account on peachtree would call for bank reconciliation.
You could view the links below for further explanation.
https://www.bing.com/videos/search?q=how+to+enter+bank+on+peachtree&view=detail&mid=E5212826BB06FB0B7DA4E5212826BB06FB0B7DA4&FORM=VIRE
https://www.bing.com/videos/search?q=how+to+make+payments+on+peachtree&view=detail&mid=1D697738C68A3D71AB6C1D697738C68A3D71AB6C&FORM=VIRE
Interesting
Very enjoyable