vendors

VENDORS

Vendors are the subsidiary account of accounts payable. Following are the steps to enter the vendor information in the peach tree software.

·        Go in the maintain menu and select the vendors option.

·        Following window will appear.

·        First you have to create the vendors I.D and for that purpose you have to add the vendor I.D and his name and save it.

·        Now below you can see different Tabs are present. These tabs are use to full fill the require information about the vendors and helps in keeping account information and there history.

·       GENERAL: In general the vendor’s personal information is present for e.g. like contact numbers. His account number thorough which payments are received, vendor type, his email, website and such other information.

·       PURCHASE DEFAULT: In purchase default, the information related to purchase is present. A purchase representative is present, and then purchase account number is to be added after that tax I.D number. On the right side there is delivery options is present.

·       CUSTOM FILED: in custom filed additional information related to the vendor can be added.

·       HISTORY: In history the full detail of the vendor is present. The date from its first purchase to the date of its present date. The payments details and invoices details are present in this tab.

VENDORS DEFAULT

·        For the vendor default account first you have to go in the maintain menu and select the vendors default option.

·        After you will select the vendors default option following window will appear with different TABS.

PAYMENT TERMS: in payment term following information is present.

C.O.D: Cash on delivery i.e. that payment will be done on the cash basis.

PREPAID: The payment has been received before the service is provided.

DUE IN NUMBER OF DAYS: This shows that the payment is done on credit and is due in how much number of days.

DUE ON DAY OF NEXT MONTH: This shows that payment is due till the next month.

Then, below is the purchase account and discount GL Account is present.

ACCOUNT AGING:

·       INVOICE DATE:

The invoice date means the date at which the payment is made and invoice is generated.

·       DUE DATE:

Due date means that after the fulfillment of the date we will start charging the financial charges to the vendors. For e.g. if the payment was due at the 30 march then after the fulfillment of this date we will start counting the due charges.

CUSTOM FIELD:

The additional informational regarding our vendors is present here.