How to make Payment to vendor

How to make Payment to vendor

To make Payment to vendor from Task menu select payment.

A new window will open

Firstly enter hat vendor id to whom the payment will be made and then fill the respective check #. After that enter the date on which the payment is made. If you are making payment with in discounted period then the discount head will show the respective discount amount that you are getting in this way

If payment is made after the discounted period then discount head will show nothing and you will have to make full payment. As shown below

If you made payment with in discounted period then you have a purchase discount in your chart of accounts. This account shows company’s other income.

And the last in last column ( pay) use check mark to show payment is made. 

PURCHASE ORDERS AND PURCHASE RECEIVED INVENTORY

                                                      

                                                      PURCHASE ORDERS

This is where you enter a purchase request for items from a vender. This accounting information is updated only when you actually receive the items on the purchase order through the purchase /receive inventory tasks,or if you are using cash accounting, when you pay vender.

ENTER PURCHASE ORDER:

  From the task menue , select purchase orders

2.       Peachtree displays the purchase orders window.

3.       Enter  the vender id.

4.       Eneter thepurchase order number inthis field.

5.       Enter the date this purchase order is good through  field.

6.       Change thediscount amount if necessary.

7.       Enter the information for each item on separate line (quantity, item id etc).

8.       Continue enterin data.

9.       Save all data.

                                           PURCHASE RECEIVED INVENTORY:

  From the task menue, select purchase received inventory.

2.        Peachtree displays the purchase received inventory window.

3.       Enter vender id.

4.       Enter invoice no.

5.       Enter the quantity received.

6.       Save all data.