Payments

In order to know that how to make payments in peach tree, click on the Tasks menu and then select Payments, as we can see below

Then the following screen will appear

This is the payment window, here we can either make payment to our vendors or can also make the payment of any expenses (for example utilities bills expense, salaries expense)

We can see in the window that here are two tabs, Apply to Expenses tab is by default activated, and this is used to directly make the payments either to the vendor or to pay any expense. Apply to Invoices tab is activated automatically when we select such vendor from whom we had purchased the goods under an invoice.

In order to make payment to the vendor, we have to select the vendor ID from the magnifying mirror which is in front of the Vendor ID, as we can see below

As we selected the vendor ID of that vendor from whom we had purchased the goods under an invoice, the Apply to Invoices tab is activated, as we can see in the screen below

Now we have to give the

• Date on which we are making the payment in the Date
• Check number in Check Number
• Description of the items for those we are making the payment.

We can also select the relative account the Cash Account present on the extreme right side of the window.

After giving all these details, the window will look like as follows;

Now by clicking on the box in the Pay, the payment will be made, as we can see below

Note:

We can save this payment record by pressing Alt + s or the Save button in the header.

We can also view the saved record of payment by pressing the Open button in the header

On the other hand, in order to make payments for the expenses, 

We have to give the

• Name of the expense in the Pay to the Order of
• Description of the expense in the Description
• GL Account related to the expense in the GL Account
• And the amount of payment in the Amount
• Date on which we are making the payment in the Date
• Check number in the Check number

As we can see below

So, this is the procedure of recording or making the payments through peach tree accounting software.