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!