Payment to vendors

Peachtree

                         Payment to vendors

After making the purchase order, the next step is handle payments to vendors. For this purpose, we open the software and click on “tasks” and then click on the “payments” from the given list as shown below:

Then the following screen will appear:

The important information required on this window is:

 ü Vendor’s ID

 ü Check number

 ü Date

 ü Quantity

 ü Items

 ü Description

 ü GL account

 ü Unit price

 ü Total amount

               NOTES:

 Ø  If the vendor does not exist readily then make a vendors account first from “maintain vendors” window or use magnifier to select existing vendor.

 Ø Enter all essential information and then save.

 Ø Purchase order’s items will be recorded as “apply to invoice” and the items not included in “purchase order” will be recorded as ‘apply to expenses”.