Maintain Vendor

First we open a Peachtree Accounting Software. Then we click on tool bar of Maintain. Then click on Vendors to maintain the vendor account.

Then open a box of Maintain vendor account.  First has Vendor ID. We can write a Vendor ID. If he hasn't Vendor ID. Then we write and save for Press ALT+S. and with a help of open a list vendor  we can search easily account. After that we write the name. Now there are four Tabs. 1^st is General 2^nd is purchase Defaults 3^rd is Custom Fields and 4^th is History.

So, first is General. In general first we can write the contact then Account no. after that we can write the address then write City name also Country Name. So second side we write the type of vendor in vendor type then telephone no. then Fax and email also website address.

So second is Purchase Defaults. In this dialogue box first we write the Purchase Receipt no. then Purchase account to enter the default general account for vendor. Then write the TAX ID no.

 So 3^rd Tab is Custom Fields.We will use for unique business. We can change the fields labels with the help of Vendor Default window.

And last is History. We can check the vendor account to invoices and payments.

After that we can open the Vendor defaults account with the help of tool bar. Again click on maintain and the click on Default information then click on VENDORS.

Then open the box of Vendor Defaults. In this box we can use the setup of payment terms for Vendors. And also invoices are aged and we will used for account Payable.  So 1^st Tab is Payment Term. In this box we can use the defaults vendors account for vendors. So first part is Standard terms. In this terms C.O.D (cash on delivery) if sales on cash then select the C.O.D. after that if transaction on credit basis. Then tick on Prepaid. Then in DUE IN NUMBER OF DAYS we can use term if Net Payment due for 30 days. And if payment are paid in 10 days then he will allow discount 2 % and minimum credit limit is 5,000/-. Then we select the purchase account with the help of OPEN A LIST TO SELECT FORM also Discount general ledger account.  

Then 2^nd Tab is ACCOUNT AGING. In this box we can select the Invoice date and Due date. If we select the invoice date then this shows the vendor invoice old age. If we select the Due date then he will show the how overdue invoices. Normally we use the invoice date.

So 3^rd Tab is Custom Fields. We will use for unique business. So we can change the Fields labels. And add your own word which we can maintain for account. So we will add to click on enable box. And his effect to check your vendor Account.

And last Tab is 1099 Settings.