Credit Memo

First we open Peachtree Accounting software to record the purchase return of business in vendor credit memos.  Click on tool bar of TASK then click on vendor credit memo.

So, open a diolgue box of vendor credit memo. In this memo we enter the Purchase returtn of goods whose customer has been return to shopkeeper.

So first we enter the vendor Id. If vendor id has not recorded. Then double click on the box of vendor id and then make the vendor Account. So if already made the vendor Id then click on the Vendor Id box and select the Vendor Id.

After that we select the invoice number. And then to open this column.

After that we write the item and also write the quantity of goods. Then we write a quantity of goods which customer has to returning. Then we select the type of goods. And then we select the GL (General Ledger) account and write the unit Price of goods.

Important thing that is compulsory to write the credit no…