How to maintain customers default information in Peach tree.

                                How to maintain customers in Peachtree.

First you have to go on maintain menu and go to the default information and then click the title of customers.

This is the menu of customer default. In this menu there are different tabs.

The first is payment terms.in payment terms the software will ask you different fields.

first tab is Cash On Delivery (C.O.D). its means that when you deliver the goods the cash will receive on the spot.

The second tab is prepaid. Prepaid means that the customer is giving you the money in advance.

The third thing is due in number of days. In this menu the software will ask you about what day the net due in.

Then there is the field of discount in. in this field if the customer manage to give the cash on net due in then he or she will receive a discount which you already mention in the software. In cash receive then the software will automatically generate a discount invoice. And there is a credit limit field. in credit limit the software will ask you the limit of credit. Like if you have set the credit limit of
RS 2500. Then the software will warn you that this customer credit limit is end.

Due on day of next month. In this field 

the software will ask you the that on what date of the next month you are giving extra to the customer.

The final field is due at end of month. In this field the software will uncheck the field of due. It means that if we are giving delivery of goods on the start of the month then the customer is giving you the money at the end of the month.

The next Tab is account aging. In account aging means that you are going to calculate the age of bad debts. If you are aging the bad debts at the basic of due date then check the box of due date, and if you are on the invoice date then check the invoice date. Then there is aging catergories. There are 4 column in which you will fill the duration of aging the bad debts.

The next tab is custom fields. In this you write the second information of the contact, reference, mailing list, multiple sites. These fields gives us the extra information of customers. And these fields can b changed according to you desire.

The next tab is finance charges. In this menu if we have sell some goods on credit and the customer is not giving us the money on time then you can use these fields to charge the interest on that customer. Like in first field if the balance of customer is 10000 then you can charge the annual rate of 10%.

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The last tab is pay method. In this tab you can select your mode of payment. Like if you prefer you do transaction on credit card then you can select visa or master card.

You can select almost 10 mode of payment which you suits.

How To Make Charts Of Accounts In PEACH TREE

To maintain charts of account first go to the maintain menu and click charts of accounts.

In this menu the software will ask you information about the account ID, description. In account ID you will have to write the some numbers like if you have to make the account of cash then you have to give account ID of 100.

Then in description field you have to write cash and in account type select the cash.

There is a button of beginning balances. Click on the beginning balances button in this the software will ask you on what date you have started your entries. Select the date from the menu.

Then you have to choose the period. From which date the entries have started.

 Then there is the tab of budgets. In this menu the software will give you all the previous information of the company.

setup of a new company

First this is the main menu of the software Peachtree.

Then you select menu of the software, whether you want to

A new company or existing company.

                                                                                                                                           

If you select set up a new company then this screen will open

In this menu the software will ask you some questions about

Your company name, your charts of accounts, your accounting

method, your posting method, your accounting period. If you                                       

click on the next button then.

This menu will open. In this menu the software will ask your

Company information like your company name, address, city,

Country, telephone, fax, website and email. After

Completing  this form. After completing this form click the

Next button.

This screen will show up. In it u have to select build your own

Company.

After that new window will show up, in this window the

Software will ask you what type of accounting method you

.will choose. There are two types of method one is accrual and

The second is cash. After choosing it press the button next.

In the next window the software will ask you what type of

Posting method you will choose. One is Real Time and second

Is Batch. After selecting it new window will open 

In this window the software will ask what kind of accounting period u will choose after choosing it

This window will show up. In this window u will type your monthly accounting period

So this is the final step for setup up a new company. Press the button finish and your new company is established.