Expenses & Ledger

Track expenses by issuing checks to venodrs or with journal entries, reconcile your bank statement and generate financial reports such as your Balance Sheet, Income Statement and so on.

Title	Description
Issue Check to Vendor	Set up standard check attributes such as a vendor's normal expense account or amount and issue checks.
Set Up Credit Cards	Use a 'Contra' Asset account to track credit card expenses, like a reverse bank account, for each card. Using this method these expenses can be reconciled and tracked by vendor.
Credit Card Purchases & Payments	Record credit card purchases using a Contra Asset account, reconcile your credit card statement and make payments to your credit card company.
Reconcile Your Bank Account	Mark previously reconciled items to exclude them from your first-time reconciliation and review the monthly bank statement reconciliation process.
Import Your Bank Statement	To simplify bank reconciliation import a copy of your statement in OFX, QFX or QIF format from your banking institution, or from third party financial software like Quicken, Quickbooks or MS Money.
Set Up a Budget & Run Reports	How to create a budget for revenue and expenses, as well as run budget reports.
Vendor Checks by Post Date	Use Data Viewer to create a list of checks sorted by the date they were posted. This may be especially helpful if you do accrual based accounting.
List Unprinted AP Checks	How to use the Data Viewer to list checks that have been posted but not yet printed.
Using 1099 Software	Use Procare's optional W2/1099 Software to generate 1099 forms for your vendors along with the summary 1096 form.