HOW TO MAKE PAYMENT TO VENDORS ON PEACHTREE SOFTWARE

After making purchase order the next step you do is to be to make payment to our vendors who give us the supply of goods. We have to go to Peachtree software accounting to maintain the payment of vendor.

Step no 1

To record the payment of purchase order first of all you want to click on the task at the main menu and then select the payment from the list which is shown in the picture.

APPLY TO EXPENSES

Step no 2

When you will click on the payments over you will find the following picture shown below of payments of “APPLY TO EXPENSES”:

Step no 3

In this window you have to give some necessary information which includes:

·                   Vendor ID: Here you have put the vender Id that you have created and given him a purchase order.

·                   Check no: Here you write the check no through which you are making the payment.

·                   Date: Here you write the date of payment when you are giving the order.

·                   Quantity: Here you write the quantity of the goods you are purchasing.

·                   Items: List of items.

·                   Description: Description of the goods.

·                   General ledger account: Here you give the ledger ac.

·                   Unit price: Unit price of the goods.

·                   Amount: amount written on its box automatically by multiplying quantity and unit price.

Step no 4

After filling the necessary above information you have this picture:

APPLY TO INVOICE

Step no 5

Apply to invoice have the information of

·                   Invoice

·                   Date due

·                   Amount due

·                   Description

·                   Discount

·                   Amount paid

·                   Pay

After filling these all information step by step you have the picture like this in which the discount period. If the payment is made with in the discount period then the amount of discount will be shown automatically.

Note:

If items for which you are making payments is in the purchase order then for these item information is entered in the head of APPLY TO INVOICE. If it is not in the purchase order then information regarding its payment is entered in the next head APPLY TO EXPENSES.