How to maintain vendor’s record in Peachtree
accounting software?
Open your
company in Peachtree accounting software:
Go to the
maintain menu and click on vendor bar:
It will show
you a window like this:
The purpose
of maintaining vendor account is to store data about to which company is
purchasing commodities. It helps you to extract data easily through
computerized system. It has four phases i.e. General, Purchase default, custom
fields and history.
It the
general tab it includes contact number,
account ID, Address, vendor type, telephone number, email address, etc. First
of all you have to setup your contact, account id and all blanks which are
important then save the record. After that, go to next tab:
Here we have
the purchase default data. You can enter each vendor into different category. First,
fill the purchase representative which
means on company’s behalf who is purchasing. After that, give you vendor a purchase account number. Here is Tax ID which you can also allot to the
vendor. Then, you can decide the shipping
method and discount terms. Go to
the next tab:
Now you come
to the customer field. Select any one
or more customer field and move to the next tab:
In the last
step enter the history records of vendors. In this tab you can see the payments
and receipts of vendors. It includes date
and amount and date and payment. This
was all the steps necessary to enter the record of vendor. Thank you!
