PT 2000 key code? Call 1-800-999-9209.   Advertise here

Peachtree and Sage 50 Forums      

Go Back   Peachtree and Sage 50 Forums > Peachtree and Sage 50 software > Peachtree / Sage 50 Accounting forum

Reply
 
Thread Tools Display Modes
  #1  
Old 04-12-2006, 10:20 PM
optical optical is offline
Registered User
 
Join Date: Apr 2006
Posts: 1
Entering Operation expenses

Hi,

Can you someone tell me which is the correct way to enter business expenses (operation expenses such as phone bills, dinning & entertainment, etc).

Do you enter them in the Purchase/Inventory screen and use the the correct GL Account code?

Or

in the Payments screen?

I notice Payment screen shows it as "Apply to Expenses" and the Purchase/Inventory shows it as "Apply to Purchases".

What is the difference?
Reply With Quote
  #2  
Old 04-13-2006, 05:56 AM
LauraG LauraG is offline
Registered User
 
Join Date: Nov 2003
Location: West Yarmouth, MA
Posts: 2,235
You can do either method. Use the Purchase/Inventory screen if you are entering the bill but not paying it immediately. Use the Payment screen if you are recording the expense as you pay it (cash basis).

In the payment screen, if there is an open invoice that you want to apply the payment towards then you use the Apply to Purchase tab. If there is no invoice to be applied against then use the Apply to Expense tab.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off

Forum Jump


All times are GMT -7. The time now is 07:31 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
all contents copyright (c) by AccountingUsers Inc.