HOW TO MAKE PAYMENTS TO VENDORS

After making purchase order the next step is to make payment to our vendors who give the supply to us. For this purpose we have to again go to Peachtree software get start it. When we will start Peachtree we have to go to TASK MENU written on the top and click on PAYMENTS when we do that we have this window on our screen.

When we select payments after that we have a window on screen which seems like the below window. In this window we have to give some necessary information which includes

·       Vendor ID

·       Check no

·       Date

·       Quantity

·       Items

·       Description

·       General ledger account

·       Unit price

·       Amount

First of all we have to give here VENDOR ID. If we have this vendor in our record well and good and if we don’t have we have to make this vendor first and after that the next procedure. For making vendor if we click on the box in front of vendor id we have a window on our screen and there we have to enter some necessary information and we have this vendor on our record. We also have this item in our inventory if we don’t have then we will go to MAINTAIN MENU select INVENTORY ITEM and we give all necessary information and save it.

When we put the information about ID, check no, date then we automatically have a window like this below window

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

NOTE:

If items for which we 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.

The process of making payment to vendor has been completed on peachtree.