How to maintain credit memos

How to maintain credit memos

First open the peachtree soft ware

And tasks open and click the vendor credit memos

This windows is open

Vendor ID

Enter or select a vendor ID to associate with this credit memo. Once selected, the vendor's default information--including name, mailing address, and terms

Select the date

And credit number

Credit Line Items

Item: This identifies the item included on the original purchase invoice.

Quantity: This is the quantity of the item received from the original purchase invoice.

Returned (Apply to Invoice No. tab): This is the quantity of the item to be returned or credited.

Description: This is a maximum-160-character description of the item purchased.

GL Account: This is the General Ledger income account chosen when the original purchase was recorded. If you are using the Apply to Purchases tab to enter credit for a purchase directly, the vendor's default G/L purchase account will appear. Note: If you have the Hide General Ledger Accounts global option activated, the G/L account field will not appear. You must select the Journal button to display or change the account ID.

Unit Price: You can either accept the number that defaults here when you entered an inventory item or enter a new number.

Amount: Peachtree calculates the amount by multiplying the quantity by the unit price.

JL