How Do You Enter Credit Card Purchases In Peachtree Accounting?

Peachtree is business management software created and published by Sage Software. With Peachtree, you can handle all financial transactions for a company. This includes accounts receivable, accounts payable and general ledger. The software is user-friendly and computerizes the process of managing a business ledger. In any business accounting, sometimes you must create a system to conduct certain transactions. In Peachtree, post credit card purchases by developing a suspense account. Set up a GL number for a transition or suspense account. This account works just to move money around on your business ledger. Once you post entries, debit and credit, the account balance will be zero. For example purposes, we will call the suspense account 99999. Enter the invoice into your system so that it shows up on your Accounts Payable ledger. For instances, if you are using a credit card to pay a invoice for paper supplies, you would enter that invoice just as if you were paying it with a check or ...  more