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View Full Version : Re: Tables and financial statements


minoo
06-26-2002, 11:35 AM
Hello,

Q1: How can I find out where each of the financial reports get their informations.
I am trying to run some reports for a friend and need to do mimimal data entry that is why I need to know for example in "customer sales history" where does the system get information on the cost and profit?

Q2: if I need to run a balance sheet or an income statement for this friend that is not using peachtree for day to day accounting, can I just enter the balances of effecting GL's and get my reports or do I have to go to payables and receivables and do the whole nine yards before I can get any reports out of the system?

Thank you so very much for your time.

Diane Koers
06-26-2002, 01:23 PM
Question 1: The report looks at the invoice and calculates the cost of sales based on stock items sold. It calculates the profit based on invoice sale minus cost of sales.

Question 2: Yes you can just enter your info via GL journal entries. You do not have to use AR and AP.

minoo
06-26-2002, 01:53 PM
Thanks Diane