Default Information Customer:

After established the company, chart of accounts of company and customer prospects now we are going default information of customer .We click on maintain menu then click on default information and next step is customer .

In the window of default information, there are five header fields like “payment term” which guide us about standard terms, set default terms for sale and set default for credit limit and second header is “account aging” this one tells us invoices aging and invoices categories and third default is “customer field” guides us about field label and field label is extra information of customers and forth default is finance charges which divides two parts one is charge finance charges and second is interest on finance charges and last header is pay methods .

In the Payment Terms, we select the standard terms and set default terms for sale and for credit term. Standard Terms include following things first of all

·        C.O.D Cash on Delivery mean we received the payment on the spot of transaction when we delivered the goods ,

·        Prepaid payment mean we received payment for customers in advance.

·        Due in number of days mean the payment is made within the discount days. 

·        Due on day of next month mean the payment is made on any specific date of next month.

·        Due at end of month mean the payment is made on the end of the month.

The second part of payment terms are set default terms for sale and for credit term.

For example if we decide the payment is being made within 30 days we use the tern “NET DUE IN” and say the customer if they paid amount within 10 days we give discount 2% and we write this term  “2/10/30”

Credit Limit is the permission which allows the customer of credit .If this exceeds the Peachtree accounting software issue waning messages.

We click on look up button and place the number of desired sales account on the black space and discount GL account mean to use the account which we want take discounts.

We use account aging for the aging of invoices and which aging brackets are used for account receivable. If we use invoice date we see old the invoice of each customer and if use due date we see how invoice overdue .

We use custom fields for the recording of customer details. The using of customer field for recording extra information of customer .If we wants field label active, we click on enabled and enter the data.

Finance charges area determined on the invoices of past due customer if charges are charged it will entered in statement