rang05
08-15-2008, 08:27 AM
I am a new user of Peachtree Complete Accounting.
I need help on following issue.
I work for a small trading company and want to do account work on Peachtree.
I maintained a simple chart of account.
I created only two sales account. Cash Sales & Credit Sales.
The problem is if a customer paid cash on the spot and I enter the same amount in sales invoice and it shows Paid in Full. It is ok. But if in the backend I have a inventory item with default sales account (Credit Sales) It will show still show the sales in Credit Sales account even if the customer has paid in full.
Vice versa if a inventory item has default sales account ( Cash Sales). The sales amount will be shown in Cash Sales in income statement report even if the customer has not paid at the time of sales.
Or perhaps can you tell me how to handle cash sales!
I need help on following issue.
I work for a small trading company and want to do account work on Peachtree.
I maintained a simple chart of account.
I created only two sales account. Cash Sales & Credit Sales.
The problem is if a customer paid cash on the spot and I enter the same amount in sales invoice and it shows Paid in Full. It is ok. But if in the backend I have a inventory item with default sales account (Credit Sales) It will show still show the sales in Credit Sales account even if the customer has paid in full.
Vice versa if a inventory item has default sales account ( Cash Sales). The sales amount will be shown in Cash Sales in income statement report even if the customer has not paid at the time of sales.
Or perhaps can you tell me how to handle cash sales!