Question about Sage Peachtree First Accounting By 2007 (40689005873)
Peachtree fist accounting 2007 - income statement shows 20,784 % on the report. This number should be 100 or less.
Wow, that's a lotta percent... something is posting incorrectly, and could be for one of two reasons:
1. You could go to Tasks > Maintain > Company and go through the way the company's accounting is set up, but more than likely, it's #2.
2. Someone is posting journal entries and getting their debits & credits mixed up. That's something that unfortunately nobody can help you with unless they're physically there with you going over individual journal entries. I would suggest this: If there was a time EVER when the income statement was correct, GO BACK TO THAT. Then start printing journal entries from that point forward and make sure that all the amounts for each journal entry were correctly categorized as either a debit or a credit. All journal entries must zero out at the bottom. I don't think that Peachtree will even let you save a journal entry unless it's zeroed out. Good luck!!
Posted on May 14, 2009
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Posted on Jan 02, 2017
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