View Full Version : Income Statement

08-18-2001, 12:31 AM
I'm quite new with peachtree. My problem is when i am posting receipts for a certain period, the figures will not reflect on the income statement for the same period. Anybody might know the problem?

Diane Koers
08-27-2001, 10:15 PM
Could be one of two things..

First, check your accounting status (Maintain Company Information). If you are cash basis, the money should show up in the month you receive it. If you are accrual, the income statement will show the income in the month the invoice was billed.

The other thing to check....what account numbers are you posting to? Make sure it's going into your cash account (the one on the right side of the screen) and when you are generating the invoice, that it's posting to an Income account. (If you're not using invoicing, look at the GL account on the Apply to Sales screen.)