User Support Forum

Just started my PC+ version 10 using Windows XP
Wanting to add interest to a CD Asset account, I debited that account and credited Account 3110 for same amount. After that I viewed the Account Activity for account 3110. I notice that that transaction was shown but additionally I see another post .... "[SYSTEM GENERATED] GE 8/31/2007 August 2007 Total of accounts set to - close to this account......
and then an amount ( I not know how it was developed) credited to the account. The amount of increase shown as balance of account 3110 is as expected... an increase equal to the amount that I added to the CD Assed accoount.. Question? What is this SYSTEM GENERATED amount and where does it come from? Did I process the increase in the CD account properly? Are my records ok with this SYSTEM GENERATED amount on the Account Activity?

John,

Equity account balances are updated by income, expense and transfer accounts. These accounts "close to" an associated equity account. For example when some one give money to your church, your bank account increase, but the equity (how mouch your church is worth monitarily) also increases as well. Money is typically brought in through an income account. Income accounts are used to track how much and types of income that came in during a period of time. These accounts update equity accounts when you run a balance sheet or other reports that show equity balances.

The system generated transaction you see is the process of closing income, expense, and transfer accounts to their associated equity accounts. With out these transactions if you compared the equity account shown a balance sheet with the account activity report there would be a difference. The transactions is just showing you what PC+ is doing internally to update the equity account balances.