Peachtree-Credit Memo -Sales Return and Reports

Peachtree- Credit Memo-Sales Return and Reports

Credit memos are related with the inventory which we returned it to a person from whom we purchased that inventory.

From this window we will select the Invoice against which the returns are being made from the option in front of Apply to Invoice no

After this we will enter the date in the required field

Then enter the Credit No under the date option.

After this we will mention the quantity of items returned by the customer in returned field and after entering the complete return we will click on the Save option in order to save the credit memo.

To check whether the goods returned have been recorded in the financial reports or not we click on the Reports from the toolbar and the following window will appear as follows

From here we will select the Account receivable option and then the following window will open

Here we will select the option of General ledger then the following window will open as follows:-

Here by clicking on the magnifier sign the following window will open

A general ledger is a summary of all transactions that occur in a company ,it basically shows you the balances and debits and credits to each specific account but does not provide detailed information on the transaction itself.

Now click on the options button shown in the menu bar then at the first you will see the filter field

In this field we can change the Report Order and Report Format.Then by clicking on the check boxes of we can implement the three options available.

Similarly we can select the time frame according to our requirement. We can also change the filter range in the same way.

In the field’s option by clicking tick in the boxes we can apply or does not apply the available options on the report.

In the Fonts field we can apply the font design in accordance to our taste.

For example if we choose the company name and change its font to

·         Arial

·         Bold

·         Font size 12

Then the company name will be shown as follows

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How to assemble inventory

How to assemble inventory

After opening Peachtree software we click on task bar and drop down menu will appear and click on the inventory adjustments option and a new window will appear

·         For the maintenance of assemblies we will enter the required date.

·         Click in the Look Up button to select the item ID.

·         Now mention the name

·         Enter the date

·         Enter the reference number.

·         Similarly fill the other fields of unit cost quantity on hand and unit quantity.

·         Enter the new quantity which you want to assemble.

·         Click on the save button to save the data.

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How to make General Journal Entries at Peachtree

Step 1

Click the task button from Peachtree home screen

Step 2

From the task menu select the General Journal Entry option.

Step 3

Select the date of your journal entry, if you are creating entries for different dates

Step 4

Click the magnifying glass icon and select the account you want to debit. Your journal entry debit increases the value of the account you select.

Each entry requires a debit and credit balance for making a proper entry.

Step 5

Now select the account you want to make credit. An account credit decreases the account value.

Step 6

In the description field mention the details about the item.

Step 7

Click on the save button to save the entries.

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What are Global options in Peachtree

In Peachtree this option is consider being the most important option in the software. To open the global option s window we will click on the Options

From here we will select the option of Global and on selecting this option following window will appear on our desktop. This is the main window of global options. From here we can edit it by default settings of some of the most important options of this system.

Accounting is the first step in this window.

This option is for the number of decimals after the zero. We can select the decimals as per our requirements from the given option. We can also select the decimal placing automatically by clicking on the automatic option.

First option is of Decimal Entry option

Hide General Ledger accounts

In this field if we click on all of the three options then we can unhide account receivables, account payables and payroll entry.

After this we click on OK to save.

Other options

We can select different available options to implement them in the system. 

General

Here the first option under Improve performance is to print the total number of pages in the report or statements and number of quantity in hand display.

In the 2^nd option of Line item entry display .If we select 1 Line from here than it means that if we are entering a journal entry in the general entry in the general ledger then we have 1 spare line beneath each debit line to enter the other item and if we select 2 Line then we have 2 spare lines.

After that we select the colour theme for our software as per our taste.

Peachtree Partners

Here we can select the security level for our software. Its our choice so we keep it low ,Medium or High as per our requirement.

Spelling

From here we can select the dictionary according to which we want our spellings to be checked and this dictionary will we selected from Main dictionary language option. So in this sway we can maintain the best level of our spellings a there will be less chance of errors.

                                                                                                                                  

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How to make Payments to Vendor or Creditors

How to make Payments to Vendor or Creditors

At first click on the Task menu and select the option of Payment.

Following window will open as follows

Vendor ID

Select your vendor ID to whom you want to make payment if you do not want to

pay your vendor but other expense vendor ID should blank means there is no need to select the

vendor.

Check number

Write respective check number to the check

Date

option will not appear for proceeding.

Apply to invoice

This option is only useful when you are receiving goods from vendor and he gives you an invoice

number and amount which is mentioned in your invoice to pay. If you have no invoice no. this

When you make payment to vendor you have to select a date.

Cash account

It is an other income so you must have discount account in your chart of accounts

Discount account

If you have cash Account it will automatically selected

If you do not want to make payment to vendor but expenses occurs the entry of expense will be completed by fulfilling the required areas of picture.

Cash in bank

If the payment is made through a bank.Then enter the quantity,item and price per unit.

Amount payment column

Mention the payment’s amount in this column.

Payment column

The system calculate itself this field.

At the end click on the save button.

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