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The receipts in Peachtree System should be tied to a CASH ACCOUNT,
Make an account in the Chart of accounts named "PDC Receivables" it's type to be "CASH" to collect the PDC cheques.
Ex. You receive a Cheque on 10th May from Customer (Cstm-001) ABC company Dated 15th June
Make a reciept:
Customer Cstm-001
RECEIPT No. 00000
Date : 10th May
Cash Account : PDC Receivable "You added it to the Chart"
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On the due date, send the cheque to the Bank
Make a Journal Entry
Date: 15th June
DR: Under Collection Cheques
CR: PDC Receivables
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When you receive the Bank Addition Notice
Make Journal Voucher
DR: Bank
CR: Under Collection Cheques
So that the Bank will not be affected until you receive the addition notice
Thanks,
Ahmed Khalil
ahmad.khalil.uae@gmail.com
What else can I help you with?
What is a computerized accounting system?
It is the accounting system under which books of accounts are prepared and managed by using specialized computerized accounting softwares like quickbooks, peachtree, SAP, oracle or Microsoft excel etc.
Final record of entry in a business' accounting system?
invoice
Defination of computerized accounting system?
The computerized accounting system refers to the organized set of computerized procedures and methods used by businesses to record their financial information.
What is integration cost accounting system and nonintegrated cost accounting system?
An integrated accounting system requires a cash book and general journal, where a set of books contains inventory and cost accounting information. In non-integrated cost accounting, only a purchase account is required to record purchases.
What is an effective system for managing accounts payable and receivable and a monthly operating budget?
AnswerI use MYOB booking system. (Mind your own business.) It can be purchased online or any good computer store. Another good accounting software system is quickbooks or Peachtree. These are the two accounting software packages that most businesses uses.
What is computered accounting system?
When accounting procedures and accounting reports are maintained by using computers then it is called computerized accounting system like, peachtree, quickbooks, oracle financial etc.
When using Peachtree Accounting Software why is it important to change the accounting period?
It is important to change the accounting period when using Peachtree Accounting Software because accounting periods are units of time that divide your fiscal year for reporting purposes and therefore it is paramount to change this at the end of each period to move to the next. However, if this is not changed, the Peachtree software automatically assumes the default date to be the Peachtree system date and adopts this.
What is a computerized accounting system?
It is the accounting system under which books of accounts are prepared and managed by using specialized computerized accounting softwares like quickbooks, peachtree, SAP, oracle or Microsoft excel etc.
What is the difference in Peachtree financial accounting software and QuickBooks?
Type your answer here... What is the way to use the system
What is computerrized financial accounting?
Computerized financial accounting means performing the accounting function using some kind of computerized accounting system or package like peachtree, quickbooks, SAP etc.
Final record of entry in a business' accounting system?
invoice
Defination of computerized accounting system?
The computerized accounting system refers to the organized set of computerized procedures and methods used by businesses to record their financial information.
What is integration cost accounting system and nonintegrated cost accounting system?
An integrated accounting system requires a cash book and general journal, where a set of books contains inventory and cost accounting information. In non-integrated cost accounting, only a purchase account is required to record purchases.
What is an effective system for managing accounts payable and receivable and a monthly operating budget?
AnswerI use MYOB booking system. (Mind your own business.) It can be purchased online or any good computer store. Another good accounting software system is quickbooks or Peachtree. These are the two accounting software packages that most businesses uses.
What is an accounting system?
The interlocking accounting is a system where the cost and financial accounts are maintained independently of each other, and in the cost account no attempt is made a aseparate record of the financial account transactiona
An information system that enables a business to record business transactions and report financial information called?
It is called an accounting system.
What is an interlocking accounting system?
The interlocking accounting is a system where the cost and financial accounts are maintained independently of each other, and in the cost account no attempt is made a aseparate record of the financial account transactiona
