HOW TO MAINTAIN CUSTOMER/PROSPECTS ON PEACHTREE ACCOUNTING

How to maintain customer/ prospects on peachtree accounting

Now we maintain the customer/prospects on peachtree accounting customers are those persons that purchasing the  things or products on cash or on account.

Step no 1;

First of all we open the peachtree and open the existing company then we select the maintain option

And a mniu  display on the screen. We select the customer/prospects the customer record is that we click on “maintain” option at the top of the software’s toolbar and on clicking it, following window appears on our desktop screen.

When we select the customer /prospects then window display the maintain customer/prospects

On the above image the customer ID,NAME, prospect and inactive

Are the heads in This ID cannot be repeated for any other customer. Every customer will have a unique and different ID as we allocated different ID for different accounts while preparing chart of Accounts in the beginning. After this we write the name of the customer with which we are dealing in the “Name” portion in this window. After writing the name of the customer we first fill the “General” part of the requirements. General sale defaults, payment defaults, customer fields and history.

Firstly we select the General and complete the general requirement.

We move onward on the sale defaults and click on it. Customer id ,name and GR sale account must be enter in order to make a customer record.

Here we enter all the required information. In GR sale account we write the  ID of our sale revenue account if we do write any ID which not create in chart of account firstly when the blank area in GR sale account stating blanking .after we filling the information.

   2 we open the next payment defaults and click on the option of payment defaults. Here we enter all the require information about the  payment defaults to the  client.

 after enter all the require  information we click the option customer field and click on it .

After fulfill all the information of customer field we open the next option history .after we save the all information and at the end we save the data and click on save button .

Click on maintain. The main minion display on the screen we select the default information option and a submenu display and we click on customer option.When we click on the customer option window display a chart bar. Here the customer defaults show on the screen and there are many title on customer default bar. Firstly we select the payment term. Payment term are .net due in 30 days .mean payment in these day. discount in 10 day. if we payment within 10 day then we get discount other wise not. Discount rate 2%.and the customer credit limit RS.2500 and credit limit we increase and decrease .and other option cash on delivers ,prepaid, due in number of days, due at the end of month. We click on due in number of days. If we create a new account for GR sale account .we click left button of mouse two time OR we click + KEY

WE click the next option account agirig

We select this option for provision for bad debts. There are two ways for this option .1 income statement.2 balance sheet.If we chose for invoice date .Start 1^st march and end date 3^rd April. Total 34 days for invoice price. And same option for due date only 4 days .there more chance no return payment for over 60 days.

The next option customer fields we can change the customer fields

After select the finance charges we enter the information in the day over due up to $10000. Annual interest rate 12%.on balance above 15%.minimum finance charge $100.in case of late charge .we create a new account title other income and other income option not then we create a income .