How to check the reports in Peachtree Software

How to check the reports in Peachtree Software

First of all we go to main menu and click the report option then following window will appear.

This window has many options for example accounts receivable, accounts payable, payroll, general ledger, financial statement, inventory etc.

We click the any option in this window which has been appears then following window will appears.

When this window opened then clicks these option which can check and changes.

Design: To change their design.

Style: To change their styles of writing.

Excel: To convert the files into excel.

Financial Statements

To check the financial statements balance sheet, income statement, retained earnings and cash flows.

Inventory

Check the inventory records in the reports.

General ledger

Check the general ledger accounts balances for example charts of accounts.

 Accounts payable

Check these options which are related to accounts payable for example purchase order general, purchase order report, purchase order register etc.

Accounts receivable

Check these options which are related to accounts receivable for example sale order, sale report, sale journal, sale register, customer ledger, customer list, receipts etc.

How to Save Purchase Order

How to Save Purchase Order

First of all we open the peach tree soft ware and go to option maintain vendor. When we click the maintain menus and then click the vendor then following window will appear.

To maintain vendor account:

To enter the vendor ID

To enter the name

To enter the purchase account to go the purchase defaults.

After maintain vendor then enter the inventory item in this window.

To enter the item ID description and necessary general ledger accounts.

After the maintain inventory item then we click the main menus option task then following window will appear.

After this window we click the purchase orders option then following window will appear.

Purchase Orders

Vendor ID: To enter the vendor ID

Date: Select the date according to their specification.

Purchase Order Number: To enter the purchase order number

Quantity: To enter the quantity you needed

Item: To select the item

Description: when we select the item then description is already exist in this column

Unit price: To enter the unit price

After enter the information in this window then click the open button and select the purchase order and check their balances or purchase order.

After this window we click the purchases receive inventory then following window will appear.

Purchases Receive Inventory

To select the vendor ID and check and check their balances those item which are selected in this item we check the remaining received.

Other Payment and Credits: Show the balance of payments.

Amount paid at purchase: That amount which is paid at time of purchases.

HOW TO USE GLOBAL OPTION IN PEACHTREE SOFTWARE

HOW TO USE GLOBAL OPTION IN PEACHTREE SOFTWARE

To open a global options window we will click on “Options” after opening the window and following window will appear.

When we click the global option then following window will appear.

 ACCOUNTING:

                “Accounting” is the first tab in this global window. In the first option we see, “Decimal Entry” option. This option is for the number of decimals after the zero. We can select the decimals as per our requirements from the option available by the name, “Number of decimal places”. The maximum numbers of decimals which we can select are “5”. We can also select the decimal placing automatically by clicking on “Automatic” then selecting the number of decimal places as per our requirements. But for this we will have to first select the number of decimal places first and then the option of “Automatic”. Then after this we have “Hide general ledger accounts” option from where we can hide account receivables and account payable from different options in the software such as hiding the account receivable from sale order by selecting account receivable and same will be the procedure for account payable. In “Other Options” we can select different available options to implement them in our complete software. All the settings made here will be implemented in the whole software. After changing all these options or required options we click on “OK” to save.

GENERAL:

This is the “general” window. The first option under “Improve performance” is to print the total number of pages in the report or statements and number of quantity in hand display. The second option is “Line item entry display”. If we select “1 Line” from here then it means that if we are entering a journal entry in the general journal then we have one spare line beneath each debit line to enter the other item and if we select “2 Line” then we have two spare lines beneath each debit line to enter the other two items. Then we can also select the color theme for our software as per our taste.

PEACHTREE PARTNERS:

 From here we can select the security level for our software. We can keep it Low, Medium or High as per our requirement.

SPELLING:

From here we can select the dictionary according to which we want our spellings to be checked and this dictionary will we selected from “Main Dictionary Language” option. Then we have many different option related to spell check and words in “Running Options”.

Peachtree- General Journal Entry

General Journal Entry

The journal entry is the point of entry of business transactions into the accounting systems. It is chronological record of the transactions, showing an explanation of each transaction, the accounts affected, whether those accounts are increased or decreased, and by what amount.

 Go to the task bar menu and click on the General journal entry.

The following window will appear.

First of all enter the date of which period you want to enter the general journal entries in “Date” field.

Enter the reference number in “Reference” field. This field is used to give a unique or different code to each journal for identification.

Enter the “GL Account” for which you want to enter the journal entries, and the general ledger account can be added in chart of accounts.

Enter the description of journal entry in “Description” field.

Enter the amount from which you want to debit the entry in “Debit” field.

Enter the amount from which you want to credit the entry in “Credit” field. Remember that the amount   of debit and credit should be the same.

Click the “Save” button to save the journal entries.

Quotes and Sales Order

Quotes and Sales Order

QUOTES

           “Quotes” is the quotation which is issued by seller to the buyer on buyer demand. It’s like an offer which seller gives to buyer. It consists of details of per unit price, description of the good and the quantity of the good.

Now here is the procedure that how user can create or issued “Sales quotes”.

Step no 1: Go to the task menu and click on “Quotes/ Sales order” sub menu will appear select the “Quotes”.

 As you select the quotes the following screen will appear.

Step no 2: The first thing which user have to do in order to creation of quotation is to enter the “Customer ID” of that customer for whom this quotation he is creating.

Step no 3: Enter the date on which the quotation are issued in “Date” field.

Step no 4: Enter the date on which this quotation will expire in “Good thru “field.

Step no 5: Enter the reference number in “Quote no” field. This field is used to give a unique or different code to each quotation for identification and avoid repetition in issuance to the customers.

Step no 6: Customer purchase order number can also be entered in “Customer PO” field.

Step no 7: The “Term” field will be filled automatically when you select the customer. These terms are payment terms and created when customer account are created in maintain menu.

Step no 8: The sales representative ID can also be entered in “Sales Rep” field.

Step no 9: Enter the quantity of items for quotation in “Quantity” field.

Step no 10: Now select the item ID in the “Item ID” field. Items can be created in the maintain inventory item.

Step no 11: Description of item will automatically fill as default in “Description” field.

Step no 12: Enter the per unit price of the item in “Unit price” field.

Step no 13: Click on the “Save” button to save the quotes.

SALES ORDER

CONVERT QUOTES INTO SALES ORDER:

In order to convert the quotes into sales order the following steps must be followed:

Step no 1: Go to the task menu and click on “Quotes/ Sales order” sub menu will appear select the “Quotes”.

Step no 2: Click on the “Open” button. A window will appear select the quote you want to convert and click on the “Ok” button.

 Step no 3: The selected quote will open now click on “Convert” button and following screen will appear.

Step no 4: Select the “Sales order” button in order to convert the selected quote into sale order.

Step no 5: Click on the “Ok” to save the sales order.

NEW SALES ORDER:

In order to issue a new sales order the following steps must be followed:

Step no 1: Go to the task menu and click on “Quotes/ Sales order” sub menu will appear select the “Sales Order”.

As you select the “Sales Order” the following screen will appear.

Step no 2: The first thing which user have to do in order to creation of sales order is to enter the “Customer ID” of that customer for whom this sales order he is creating.

Step no3: Enter the date on which the sales order are issued in “Date” field.

Step no 4: Enter the date on which this sales order will be dispatched or send from the company in “Ship By” field.

Step no 5: Enter the reference number in “So no” field. This field is used to give a unique or different code to each sales order for identification and avoid repetition in issuance to the customers.

Step no 6: Select the method of delivery that how the goods will be delivered in “Ship via” field.

Step no 7: The “Term” field will be filled automatically when you select the customer. These terms are payment terms and created when customer account are created in maintain menu.

Step no 8: The sales representative ID can also be entered in “Sales Rep”field.

Step no 9: Enter the quantity of items for sales order in “Quantity” field.

Step no 10: Now select the item ID in the “Item ID” field. Items can be created in the maintain inventory item.

Step no 11: Description of item will automatically fill as default in “Description” field.

Step no 12: Enter the per unit price of the item in “Unit price” field.

Step no 13: User can also enter the freight amount in “Freight” field.

Step no 14: Click on the “Save” button to save the sales order.

How to maintain vendor credit memo

How to maintain vendor credit memo

Vendor credit memo is used to record the returns to the vendors whether on the direct purchases or on the existing invoices which have not been paid. The producer of vendor credit memo is given below.

Go to task bar menu and click on the vendor credit memo.

After this window we click the vendor credit memo option then following window will appear.

First thing is to enter the “vendor ID” in customer ID field. It is the ID of vendor from the purchases has been made. When you select the vendor the “Remit to” field will show the detail of the vendor.

Enter the date of returning goods in “Date” field.

Enter the reference number in “Credit no” field.

The “Term” field will be filled automatically when you select the vendor. These terms are payments terms and created when vendor account are created in maintain menu.

Enter the account payable ID or selected it from the list of chart of account in the “A/P account”. This is the account to which the amount due of the purchases will be charged.

When you will enter the vendor’s ID, if there is any invoices pending issued to that vendor than the below given tab “Apply to invoices no” will also be enabled. Otherwise only the tab “Apply to purchases” remain enabled.

Select the invoice number from drop down list on the apply to invoice no tab to which you want to charge the returns.

The “Item field, Quantity field, Unit price field and description field” will be automatically filled.

Enter the number of items you want to return in the “Returned” field.

Enter the “GL Account” which you want to use for this return.

“Account field” will be automatically field.

Click the “Save” button to save the transaction.

HOW TO MAKE PAYMENT TO VENDORS AND CREDITORS

HOW TO MAKE PAYMENT TO VENDORS AND CREDITORS

When you made payment to vendors and creditors in the purchases then select the option of payment from the purchases. In this below window is showing the option of payment.

After select the payment option then following window will appears. In this window you have to select the option OK.

When we click the option of OK then following window will appears. In this window you will select the option of your items.

After selecting the items then following window will appears.

This window contains the invoice number, due date and due amount etc. in this window you are also fill the check number, date, discount and amount.

In this window you can see the option of discount account at the bottom of this window. So you have to double click in this box after clicking this window the following window of maintain charts of account will appears.

Next step is to fill the option of discount as I have entered the discount 12 so that below window shows the Rs. 12 discount is deducted then the amount paid column shows the amount after deducting the amount of discount.

After discount is available only few specific time periods and after that periods you cannot avail so if you will select or changes your date from the top of this window by the option of date below window showing the all process.

After make the all process then press the save option.