The Business Master (3rd Edition)

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PC-GL Version 3.7 Copyright 1992, Jerry Medlin PROGRAM DESCRIPTION PC-GL is a double entry accounting program which allows a small to medium size business to rapidly and accurately produce financial reports and reconcile the bank statement. The program runs on a IBM PC or compatible computer with at least one disk drive, and requires at least 256k memory. PC-GL is a Shareware program. You are encouraged to give copies to anyone who might use it. If you use the program, please send $35 to: Jerry Medlin 1461 Sproul Avenue Napa, Ca. 94559 To order using Master Card or Visa, call (707) 255-4475. Your contribution entitles you to a copy of the latest version of the program and limited telephone assistance should you require it. You also receive a program which allows you to customize some features of PC-GL. A complete description of this customizing program is contained at the end of the manual. To run the program, simply type "PC-GL". If you want to specify a drive designation and path for your data, add the drive and path description after the program name. i.e. type "PC-GL B:" to use the B drive for data files. If you are going to use the standard chart of accounts, be sure the file PC-GL.COA is on the specified drive and subdirectory. Each time you run the program, a menu is displayed for operator selection: Enter or Change Chart of Accounts Enter or Change Transactions Bank Reconciliation Print Chart of Accounts Listing Print Transaction Listing Print General Ledger Print Income Statement Print Balance Sheet Print Account Summary Report Start a New Period or Year End of Processing Make a selection by using the up or down arrows to highlight the desired function, then press <Enter>. PC-GL allows a maximum of 800 items in the chart of accounts and 6000 transactions per accounting period. With 256k of memory, the number of transactions is reduced to about 500 per accounting period. The number of additional transactions you can enter is printed at the bottom of the menu screen. This number is limited by either disk space or memory available, and is subject to an absolute maximum of 6000 transactions. When inputting information, the plus <+> key has the same effect as the return or enter key. The minus <-> key enters a negative number. This makes using the numeric key pad even easier. THE PROCESSING CYCLE Usually accounting is done on a monthly cycle, but the PC-GL program allows you to use any length of accounting period. Checks and journal entries for the accounting period are entered using the second menu selection (Enter or Change Transactions). Debits are entered as positive <+> numbers and credits are entered as negative <-> numbers. Once all of the checks and deposits for the month have been entered and the offsetting entries to cash in the bank have been made, you may choose "Bank Reconciliation" from the menu and balance your bank account. Bank Reconciliation an optional step and is described later in the manual. When all of the transactions have been entered and checked you may begin printing reports. Reports may be printed in any order and as often as desired. Reports may be printed to the screen first to check their accuracy. Should you discover a posting error after examining the reports, correct the error and rerun the reports. The only report that must be printed to the printer each period is the General Ledger Report. If the General Ledger Report has not been printed to the printer (not just the screen), you are not allowed to end an accounting period and start another. The General Ledger Report shows the opening balance for each account, all of the transactions posted to the account for the accounting period, followed by the closing balance for each account. Once you start a new accounting period, the printed General Ledger Report is your only audit trail. Starting a new accounting period without printing the general ledger would leave no trace of how an account arrived at its present balance. Since organizations like the IRS want to know how you arrived at those numbers on your tax return, the General Ledger Report is required. If it hasn't been printed, you will not be able to start a new accounting period. To start a new accounting period, you may answer "Y" to the question "Do you want to start a new accounting period?" on the opening screen, or you may select "Start a new period or year" on the main menu. When you start a new period, the current period balances are set to zero and the transactions for the previous period are saved for later review. You may then begin entering transactions for the new period. DOUBLE ENTRY ACCOUNTING Double entry accounting requires the total of all debit <+> entries to be the same as the total of all credit <-> entries. It does not mean there must be a credit for every debit, only that all of the entries must add up to zero. Each accounting period consist of a series of balanced entries with equal pluses and minuses. All of the checks written during a month are posted to the various expense accounts as debit <+> amounts. Then the total of all of those checks is then posted to the CASH IN BANK account as a single credit <-> amount. All income amounts are entered as credit <-> amounts to various income accounts and a corresponding debit <+> entry is made to the Cash in Bank account or to Accounts Receivable. The net of all the transactions posted is therefore zero, making a balanced series of entries. The PC-GL program helps you when posting transactions, by displaying the balance of all transactions posted at the upper right of the screen. When all of the transactions for the accounting period have been posted, the balance displayed should be zero. If you are unfamiliar with double entry accounting, it is beyond the scope of this manual to completely cover the subject. However, all is not lost. The PC-GL system can also be used as a simple single entry system. Just enter all your expenses and income to the proper account, and run the system normally. Expenses are entered as positive <+> amounts and (this is important!) income amounts are entered as negative <-> amounts. To enter a negative amount, first enter the number then press the minus<-> sign. SETTING UP THE CHART OF ACCOUNTS A standard chart of accounts is provided with the program. Although any sequential numbering scheme will work with the general ledger program, the one provided is in common usage by accountants. To use the standard chart of accounts, simply run the program with the file PC-GL.COA on the data disk drive. The chart of accounts can be added to at any time during the processing period. All chart of accounts setup and modification is done using the <Enter or Change Chart of Accounts> selection on the menu. This section allows you to add new COA items, delete or change existing ones, or examine the COA by scrolling up and down the screen. You may even change account numbers at any time and the program will automatically change the account numbers on any transactions. All commands are listed at the bottom of the screen and are selected by a single keystroke. Upon entering this section, you may immediately begin adding items to the chart of accounts or, by pressing the Escape key, you may go to the command mode and insert, delete or change items in the chart of accounts. You will not be allowed to delete an account with a balance or change balance amounts. Changing amounts is done by posting transactions to the account. This way you have that all important audit trail. Upon exiting the chart of accounts section, the chart of accounts is automatically sorted in account number order. The following information is contained in each chart of accounts: 1) ACCOUNT NUMBER - A three digit number between 000 and 999 which will be used for posting transactions. 2) ACCOUNT CODE - A two digit number which determines how, and on which reports, the item will be printed. (See the section on COA coding for details.) 3) PRIOR YEAR % - This number will be printed on the income statement and is for informational purposes only. If no prior year % is desired just press enter for this entry and none will be printed on the income statement. The prior year % is updated automatically at the end of the year, by the Start a New Year procedure. 4) ACCOUNT DESCRIPTION - Up to 27 characters are allowed for the account description. 5) CURRENT AMOUNT - This is the balance of all transactions entered to this account for the current accounting period. If an asterisk <*> is entered during setup, this chart of accounts entry will be treated as a title account on reports. Title accounts are used to provide headings and totals on reports. Transactions cannot be posted to a title account. Press any other key during setup to enter a zero beginning balance for current and year to date. 6) YTD AMOUNT - This is the balance of all transactions entered to this account for the current year. Opening account balances cannot be entered when the chart of accounts is set up. They must be posted as transactions. Remember to look at the bottom of the screen, when in doubt. Your options are printed there. The first item in the chart of accounts should contain the company name to be printed on all reports. If you are using the standard chart of accounts, change the description of the first account from STANDARD CHART OF ACCOUNTS to the name you want printed on your financial statements. Once the chart of accounts has been setup, you won't use this section, except to occasionally add new items to the chart of accounts or delete unwanted accounts with zero balances. ENTERING TRANSACTIONS All checks and journal entries for the accounting period are entered using the <Enter or Change Transactions> selection of the menu. This selection also allows you to examine entries by scrolling up and down the screen and to insert, delete or change entries. You may also obtain a total for a particular account and you can search all of the transactions for any string of characters. All commands are listed at the bottom of the screen. Each transaction contains the following information: 1) DESCRIPTION - Allows up to 21 characters to describe the entry. Pressing <Enter> or <+> causes the previous entry to be repeated. To enter a blank description, press the space bar, then <Enter>. 2) CHECK NO. - A five digit check or reference number. Numbers or letters may be used. Pressing <Enter> causes the previous number to be repeated. Pressing <+> enters a number equal to the previous number plus one. (This is useful when entering a series of checks with sequential check numbers.) 3) DATE - The date must be entered in MODA form. i.e. 0108, for January eighth. Pressing <Enter> or <+> repeats the previous date. Any day of the month higher than 80 causes the transaction to be posted to the year to date balance only. So, a transaction with a date of 0193 would not affect the current balance, only the year to date balance. 4) ACCOUNT NUMBER - Enter a three digit account number. With each digit entered, a list of possible matching account numbers and descriptions will be displayed at the bottom of the screen. Just Pressing <Enter> at the beginning, will enter the previous account number. Pressing <Enter> after entering the first digit will enter the first account number displayed at the bottom of the screen. If you attempt to enter an account number not in the chart of accounts, the computer will beep. 5) AMOUNT - Enter the amount calculator style without using the decimal point. Debit entries are entered as positive numbers and credit entries are entered as negative numbers. Positive <+> numbers are entered with either the plus <+> or Enter key. To enter a negative number, enter the number and then press the <-> sign. If you press the <Enter> key without entering an amount, an amount is entered equal to the net of all of the transactions for the period, but with the opposite sign. In other words, a balancing entry is created. If the net of all of the transactions so far is +1234.56 and you press the <Enter> key without entering an amount, 1234.56- is entered. This feature is especially useful for those users who want to enter a debit for each credit. You may pop up a calculator at any time by pressing the F10 key. To insert the calculated result in for the amount, press <Enter>. The net amount of the current check, and the net of all the transactions posted for the period are constantly displayed on the screen. The check balance is useful when posting a single check to multiple accounts. For double entry accounting, the net amount of all transactions should be zero when you finish with posting for the period. When using the <C> Change selection to change a chart of account item or a transaction, you don't have to reenter each field. Press the enter key, to skip to the next field. The <T> Total selection for transaction entries is useful for checking balances. It can, for instance, be used to add up all the purchases, so you can make an ending inventory calculation based on a desired cost of sales. If you are using the PC-AP Accounts Payable program, <R> Read PC-AP Transactions allows you to read all of the checks written by PC-AP into the PC-GL program. Transactions from PC-AP are not posted to PC-GL until you select <R> Read PC-AP Transactions. The <G> Go Back to Previous Period can be used when you answered the "Do you want to start a new accounting period?" question incorrectly. It undoes all of the things "Start a new accounting period" does. You can go back to a previous period only if there are no current transactions and you can only go back one period. You cannot go back to a period in the previous year. The asterisk key <*> is used to mark checks that have not cleared the bank at the end of the month. Bank reconciliation is described later in the manual. PRINTING REPORTS To print any of the available reports, select the report from the main menu. You will be asked to input a report date to be printed on the report. Alphabetic and numeric dates are acceptable. i.e. January 31, 1987. Pressing enter enters the displayed default date. You can then choose to print to a printer, to the screen or to a file. If you choose to print to a file, you are prompted for a file name. The program prints the report to this file exactly as it would have been printed to the printer. These files are regular ASCII files, and are read by most word processors. You may optionally leave off the report headings, when you print to a file, so that the data can be imported into a spread sheet or data base. ACCOUNT SUMMARY REPORT Each time you start a new accounting period, the transactions for the prior period are saved. Eventually, up to 12 accounting periods (months) are saved. The most recent transactions are in a file named GL1.TRN, and the oldest transactions are in a file named GL12.TRN. The account summary report allows you to print a summary of transactions for a single account. You can also sort the transactions by description, date, check number or account number. You will be asked for an account number and the number of months to go back. Inputting zero for the number of months will look at only the current period. If you enter ALL for the account number, you may also print a General Ledger Report going back up to 12 months. This is a useful report to print at the end of the year so that you can review the year's activity with one General Ledger Report instead of having to look at 12 individual reports. START A NEW PERIOD OR YEAR The choices are "P" to start a new period or "Y" to start a new year. You may also start a new period by answering Yes to the question "Do you want to start a new accounting period?" on the opening screen. However, you will not be asked if transactions have been entered or changed since he General Ledger report was last printed. At the beginning of a new accounting year, press "Y" from this selection to set all profit and loss account balances back to zero. The prior year percentages will also be updated to reflect the year just ended. You will be asked for the account number of your capital account, so the profit or loss for the year just ended can be automatically posted to the capital account. If you are using the standard chart of accounts, the capital account is account number 465. This section should be used only once a year. Normally, you must start a new period before starting a new year. If you start entering transactions for the first month of the new year, but forget to start a new year, you may still start a new year. The current transactions will become part of the new year. END OF PROCESSING When processing is completed, you must exit the program using this selection. You are asked if you want to end processing. A yes "Y" answer saves the chart of accounts, and all of the current transactions. Any answer other than "Y" returns you to the main menu. CHART OF ACCOUNTS CODING If you use the standard chart of accounts or a modified version of the standard chart of accounts, it is not necessary to be familiar with chart of account coding. Just delete the unwanted chart of account items. This information is provided for those who want to use their own chart of accounts, or produce special reports. The first number of the two digit code is a number from 1 to 9 which determines the account type. 1. ASSETS 2. LIABILITIES & EQUITY 3. INCOME (OR SALES) 4. COST OF SALES 5. GROSS PROFIT 6. OPERATING EXPENSES 7. OTHER INCOME 8. OTHER EXPENSES 9. NET PROFIT The GROSS PROFIT (#5) and PROFIT OR LOSS (#9) are generally used only once in each chart of accounts, for totaling purposes. The COST OF SALES (#4), GROSS PROFIT (#5), OTHER INCOME (#7) and OTHER EXPENSES (#8) can be omitted, if your applications don't require those categories. When printing the income statement, the sign for the balances of accounts with odd numbered account codes is reversed. So, income amounts (#3) which normally have a credit balance and are carried as minus numbers in the general ledger are printed on the income statement as positive numbers. The second number of the two digit code determines the totaling level for an account on the income statement and balance sheet. The total level is used to determine what totals and subtotals appear on reports. Each higher total level totals all previous lower account numbers. The best way to understand how the totaling level works is to experiment. Change the number and reprint the report to see how it looks. Chart of account coding can be changed at any time without causing problems. Total Level: 0 The balance and description will print only on the general ledger report. When printing the balance sheet or income statement, the balance (if any) is totaled and printed into the next higher number. i.e. The total for a series of 0 coded accounts prints into the next account numbered 1 or higher. 1 Used for most accounts. On the balance sheet the account balance is printed in the first column. 2 Prints total of all previous 0 and 1 accounts. Prints in the middle column of the balance sheet. 3 Prints total of all previous 0, 1, and 2 accounts. Prints in the right hand column of the balance sheet. 4 Used for subtotal accounts such as TOTAL ASSETS, OPERATING PROFIT etc. 5 Used for the NET PROFIT account on both the balance sheet and income statement. If the balance sheet does not contain a level 5 account, the balance sheet will not balance. For complex income statements, an additional total level (6) is available. The second digit is also used to control paging, spacing and underlining. Any number higher than 1 will be preceded by a blank line. A 9 in the second digit of a title account causes the printer to start a new page. Accounts used only for totaling the balances of previous accounts or for printing titles on a statement are title accounts. A title account is created by entering an asterisk in the current balance column of an account. You cannot post any transactions to a title account. Most accounts with a totaling level higher than 1 are title accounts. You can print an extra blank line on the income statement or balance sheet by entering a title account with a blank description. Underlining on the income statement and balance sheet is accomplished by entering an account, with a non-numerical character in the second digit of the two digit code. (Non- numerical means something other than 0 through 9.) The character will be used to print a line under the last number printed on the income statement or balance sheet. So, an account code ending with a dash <-> prints a single underline and an account code ending with the equal sign <=> prints a double underline. The account's only purpose is to print the underline. The account should be a title account, and it's description will be ignored. USING OTHER PROGRAMS FROM JERRY MEDLIN There are four other programs available from Jerry Medlin: PC-AR - a balance forward Accounts receivable program. PC-PR - a payroll writing program. PC-AP - an accounts payable and check writing program. PCINV - an invoice writing program The only program which integrates directly with PC-GL is the accounts payable program: PC-AP. You must have PC-GL in order to use the accounts payable program. All of the checks or invoices entered in PC-AP are automatically posted to PC-GL at the end of the month. PC-AR and PC-PR are "stand alone" programs and do not automatically post to PC-GL. You must post the totals from the accounts receivable program and the payroll program with a short series of journal entries each month, which usually takes no more than a few minutes each month. This provides greater control and flexibility to the whole accounting process. The details of the journal entries from PC-PR and PC-AR to PC-GL depend on your particular situation, but might look something like this: Check Account Check Description Number Date Number Amount >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Cash Received on Acct GJN01 0131 103 22345.67 January Sales GJN01 0131 511 22345.67- January Gross Pay GJN01 0131 708 2045.43 January Fed W/H GJN01 0131 331 190.00- January FICA GJN01 0131 332 146.26- January SDI W/H GJN01 0131 333 24.53- January State W/H GJN01 0131 334 14.70- January Net Pr GJN01 0131 103 1669.94- The first two entries are from the accounts receivable program and the last 6 entries are from the payroll program. The entries would vary depending on cash or accrual basis and, of course, the amounts and accounts involved. PRIOR PERIOD CORRECTIONS If you find an error in the previous period and you have not yet started a new accounting period, you can answer "N" to the new accounting period question at the beginning of the program and rerun the period. Even after you have started a new accounting period, the <G> Go Back to Previous Period from Enter or Change Transactions can be used to go back to the previous period. It undoes all of the things "Start a new accounting period" does. You can go back to a previous period only if there are no current transactions and you can only go back one period. You cannot go back to a period in the previous year. Other than going back to the previous period, you cannot change prior transactions with PC-GL. If the error is from an earlier period, you must make the correction to the current period. You can enter the correction without affecting current period balances, by using a day of the month higher than 80. A date such as 0193, for instance, would tell the program to enter the transaction only in the year to date column, and not post as a current transactions. HANDLING BEGINNING AND ENDING INVENTORY If your application doesn't require the beginning and ending inventory to show on the income statement, you can skip this section. It discusses a commonly used, but somewhat confusing, technique to properly display beginning and ending inventory on a computerized income statement. Any transaction with a date containing a day of the month higher than 80 is posted as a year to date transaction only. It does not affect the current period balance. This is moderately useful for making adjustments to the year to date balances, but it's principal value lies in making the beginning and ending inventory work properly on the income statement. If we assume the inventory at the beginning April was $25000.00, and the inventory at the end of April was $29000.00; the following series of entries are required: Description Ref # Date Acct # Amount >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Inventory GJN04 0430 151 29000.00 Inventory GJN04 0430 151 25000.00- Beginning Inv. GJN04 0430 610 25000.00 Ending Inv. GJN04 0430 696 29000.00- Ending Inv. GJN04 0493 696 25000.00 Beginning Inv. GJN04 0493 610 25000.00- Notice the last two entries are year-to-date entries, because the day of the month is higher than 80. If the beginning and ending inventory accounts start at zero (as would be the case at the beginning of the year), the last two year-to-date entries are omitted. BANK RECONCILIATION To reconcile your bank statement simply mark the checks that have not cleared the bank and then enter your bank statement balance and any adjustments. Outstanding checks are marked from the Enter or Change Transactions screen. Press the asterisk <*> key to mark or unmark a check as outstanding. If a check has been split among several different accounts and therefore takes several transaction lines, marking anywhere in the check marks the whole check. You may also mark deposits that have not yet shown up on the bank statement if your deposits have been entered individually with unique check numbers. If you make a mistake press the * key again to unmark a check. Outstanding checks will be printed with an * in the Transaction Listing report, but have no effect on the Income Statement, Balance Sheet, General Ledger or Account Summary Reports. Now choose Bank Reconciliation from the menu, and enter the ending balance on the bank statement under "Balance Per Bank Statement". You may enter up to five "adjustments" to the bank balance and a short description of each adjustment. Examples of such adjustments: 1) Any outstanding checks from prior months must be entered as a minus <-> amount. Normally, if a check doesn't clear the bank in a month, it never will and should be voided. You can, however, enter a slow check as an adjustment. 2) Outstanding checks from the payroll program must be entered as a minus <-> amount. Normally, individual checks from PC-PR are not posted to PC-GL, so you cannot mark the checks as outstanding. If you use PC-PR, run a tape of the outstanding payroll checks and enter the total as an adjustment. 3) Deposits in transit at the end of the month should be entered as a plus <+> amount. If your deposits have been entered as unique transactions, you may, instead, mark them as outstanding and they will be netted into the outstanding checks total. 4) Any checks from the next month that have already cleared the bank should be entered as a plus <+> amount. If you have more than five adjustments, you must consolidate some and enter a total. The reconciled bank balance should eventually be the same as the General Ledger bank balance for the Cash in Bank account. The last number on screen is the difference and should be zero. If you get zero on your first try, you are indeed living a charmed life. If not, welcome to the real world. There are several things to check: 1) The GL balance is based on the closing balance in account 103. If you have no account 103 in your chart of accounts the next account following 103 is used. If your chart of accounts has another account using number 103, you must change it. Remember, you can change account numbers in the chart of accounts at any time and the program will automatically change any previous transactions entered to the old account number. 2) Make sure you have entered the offsetting entries to the Cash in Bank account: a credit <-> entry for all of the checks entered and a debit <+> entry for all deposits entered. 3) Check the adjustments. All outstanding checks from a previous period and outstanding checks from the payroll program must be entered as a minus <-> amount and any deposits in the GL but not on the bank statement must be entered as a plus <+>. 4) Check the bank statement. Any bank charges or adjustments must be included in the transactions with an offsetting debit or credit to the Cash in Bank account. Any checks shown as outstanding on your last bank reconciliation that haven't cleared the bank must be voided or entered as an adjustment. 5) Check your transactions. Scroll through your transactions using Enter or Change Transactions. Each transaction for the current month should either be on the bank statement or marked as outstanding. If your accounting includes several months in a single period, make sure there are no transactions in this period marked as outstanding that have since cleared the bank. Transactions with a net of zero ( ie journal entries) and transactions to the bank account may be ignored. Once your statement is in balance, you may print it by pressing <P>. The list of outstanding checks is also included in the printed report and may be viewed at any time by pressing <V>. The Bank Reconciliation selection works best when used with a bank statement that lists cleared checks sorted by check number. Most banks now provide such a statement. USING THE CONFIGURATION PROGRAM The configuration program (GLCONFIG.EXE) is provided to all registered users. It allows you to change certain features of PC- GL. The GLCONFIG.EXE program and the main program (PC-GL.EXE) should both be on the same disk drive and sub directory, when you configure your copy of PC-GL. Run the program by typing GLCONFIG at the Dos prompt. The previous configuration of PC-GL will be displayed. Use the up and down arrows to move the pointer and then press <C> to change an item. The following information may then be changed: Display Colors - If you have a color adapter and monitor, you can change the colors for screen borders, program prompts, data, and background. Allowable colors are from 0 to 15 (except for background color which can only be from 0 to 7). Laser Printer? - You can also change the way PC-GL starts a new page. Usually, PC-GL starts a new page by counting lines until the page total equals 66 lines. If you enter a "Y" for the laser printer question, PC-GL starts a new page by issuing a form feed command. This also works on most other printers, but requires you to set the top of form before you start printing. Zero Balances on Statements? - If you don't want accounts with zero balances to print on the income statement or balance sheet, change this to a "N". Months to Save - The program normally saves the past 12 months of transactions so that they can be reviewed with the Account Summary selection. You can change this time period to any number from 1 to 30. A smaller number requires less disk space, and speeds the new period processing by a few seconds. Disk Drive and Path - Enter a drive and path designation for PC-GL data. If you want the program to read data from the B drive, enter B:. Printer Number (1 or 2) - For printing to LPT1 or LPT2. Income Statement Heading - You can change the default heading printed on the income statement report. You will probably need to start with some blank spaces to line up the heading correctly. Sometimes trial and error is the best way. Balance Sheet Heading - You can also change the balance sheet headings. Income Statement and Balance Sheet Footers - A "footer" is a short comment inserted at the end of a report. An example of a footer would be a statement like "Prepared without benefit of audit", or any other meaningless comment your attorney tells you to put on your financial statements. When you have finished making your changes, press the escape key to exit the program. You will then be asked if you want to save the changes. If you answer with a Y, PC-GL is changed, until you run the configuration program again. DATA FILES Data files are created automatically by PC-GL. If you wish to back up data files only, copy these files to another disk using the DOS copy or BACKUP command. PC-GL.COA Chart of account listing with balances. PC-GL.TRN Current period transactions. PC-GL.CFG Configuration data created by GLCONFIG. GL1.TRN, GL2.TRN, GL3.TRN etc contain the previous period transactions. GL1.TRN is the most recent. HELPFUL HINTS You may pop up a four function calculator at any time by pressing the F10 key. Use the + and - keys to add and subtract, and the * and / keys along with the = key to multiply and divide. Opening balances are entered as transactions, using the Enter or Change Transactions selection. If you enter the opening balances using a day of the month higher than 80 (for example 0293), the opening balances do not affect the current period totals. It is helpful to remember that PC-GL uses data loaded into random access memory. New data is not saved to the disk until you end processing, or select the <S> Save option from the Enter or Change Transactions section of the program. If you do not get the question "Do you want to start a new accounting period?" when starting PC-GL, it is because you didn't print the General Ledger report to the printer. Changing even a single transaction convinces PC-GL you have not printed the General Ledger report, and prevents the new period question from appearing. The first 12 times you start a new accounting period, more disk space is required for historical files. If you have a large business and you are using floppy disks for data storage, you could run out of disk space. Reduce the number of periods saved using the GLCONFIG program. You can use the Account Summary Report each January to help in summarizing payments for 1099 forms. The 1099 is the form the government wants every year which reports payments to individuals of over $600. The "Zero Balances" selection in the chart of account command mode sets ALL chart of account balances to zero and deletes any transactions entered for the period. There are only two reasons to ever use this command: 1) When you first start using PC-GL you might want to practice a few times before you really get started. Use "Zero Balances" to get a fresh start. If you have run a number of test months, and wish to delete all of the Account Summary data: exit to the disk operating system and type: ERASE GL*.TRN. 2) If you want to use an existing chart of accounts setup on a new application, you could zero the existing balances after copying the chart of accounts file PC-GL.COA to the disk for the new business. If your transactions are being posted only to the year to date balance and not the current balance, it is because you have entered the date incorrectly. Dates should normally be entered as month and day, not month and year. A date such as 0693 will cause the amount to be posted to the year to date balance only. This version of PC-GL is completely compatible with all other versions of PC-GL except for the method of saving and recalling old transaction files. If you have been using a version number lower than 3.0 (version 2.9 or lower), you need to convert the historical data if you want to use it with this program. Contact us for instructions on how to convert the old data. PC-GL is written in Turbo Pascal. The source code is available for $95.