Tax IDs and Beginning Balances

Before You Begin Procare allows all schools within a region to share a common balance sheet and beginning balances. Group all schools that will share a common beginning balance together.  They should be placed in a common Region. Every school that is to have its own...

Accounting Abbreviations in Procare

Abbreviation Source of the Entry Comment                    ADJ Agency Accounting A credit adjustment was applied to an Agency  charge line. AR Family Accounting DEP Family Accounting Deposit Report EX Expense Check JE Journal Entry JRN Journal Entry A Journal Entry...

What report shows profit and loss?

The Income Statement shows revenue and expenses for the dates you select. The difference between the two (revenue minus expenses) is your profit (positive number) or loss (negative number) for the period and is known as your Net Income. Net Income appears on the last...

How do I record purchases made with my debit card?

When you pay by debit card it’s just like you wrote a check, except there is no check number. Follow the steps to Issue a Check to a Vendor, but use a made up check number, like 777 or 888, for all your debit card transactions. Since there is no actual check to print,...

How do I close the year?

There is nothing that needs to be officially closed in Procare. However, if you have the Expenses & Ledger module, you will want to Calculate Beginning Balances for a New Year , and create new General Ledger Dates.  
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