How to Edit Cash Account ?

[LindaB4909]

Hello ! As part of my new job, I 'inherited' a partially set-up PT 2002 --- Here's the problem - The company had been using an outside accountant to issue checks, and last week we brought that function in-house. Problem is, that all the AR payments we received during the last 5 months were posted ot our PT Bank Account, but we weren't using PT for checks, so the balance only increased, never decreased !! How can I get this erroneous balance out of the system, and put the correct bank balance in ? I haven't found any method to do this, so assume there is a trick or tribal knowledge to edit that data. Thanks so much for any help anyone can provide.

[dringstrom]

I would imagine that you'll need to record a journal entry that reflects the sum of all of the checks written by the outside accountant. Or, you may need to start fresh with a new Peachtree company. Whenever you use the software in a way other than it was designed, there's never an easy answer.

[sydcruz]

If it is 2002 , possibly the amount of entries are small to reverse/ pass journal entries or delete the entries and correct them.... that is if you know what you had and should have. Or, start afresh. draw up a Trial Balance with the correct balances of each account: at a cut-off date. Match your AR, AP accounts.
Doing things the Peachtree way, affords you the confidence that returns you get are optimised. If you are unsure how to go about the trial balance ask the previous accountant for it, or get help. The faster you make Peachtree smile, the sooner your employer will. Good luck on your new job.