PAYMENT

How to make payment to venodrs

The next step is to make payments to vendors after making the purchase order. We have to go Peachtree software to maintain the payment of vendor, we go to Task Menu which is written on the top of the window and click on the Payments

When we select the payment tab ,we must be enter required information .This important information includes

       Vendor ID     

·        Check no

·         Date

·         Quantity

·        Items

·        Description

·        General ledger account

·        Unit price

·         Amount

1- First of all we enter the Vendor ID. If we have vendor account it is well good and if not we firstly maintain vendor account in Maintain Vendor Tab

2- In the front of vendor ID , we click on the box then show a window on our screen and then we enter necessary information that required to record the vendor .

3-We also this item in inventory ,if we don't have we go to Maintain Menu and select the Inventory Item and enter necessary information and save the data.

4-When we enter the information like

·        ID

·        Check n0

·        date

We enter the  quantity and some other information  and click on the block the discount amount will be shown.

Note: Those items for which we are making  payments  is in the purchase order .those information of items will entered in APPLY TO INVOICE. The information of those items who is not in the purchase order ,the payments will entered APPLY TO EXPENSES.