peachtree-software peachtree complete accounting 7.0 Quick Setup Guide
Lesson V—Accounts Receivable
Proceed with Entering the Quote
117
5
Press
? to open the Item ID list. Scroll down and select AVRY-10150 (Bird
Bath - Stone Gothic 2pc.). Notice the item list shows that we currently have
6 of these in stock (as of the quote date). Double-click the item to select it.
6 of these in stock (as of the quote date). Double-click the item to select it.
6
The sales item description is completed for you. Press
e twice. The
cursor moves to the Unit Price field.
7
The Unit Price field displays a drop-down list of the five established sales
price levels for this item. Press the
price levels for this item. Press the
W or Z arrow keys to move through the
list.
Sales price levels for items are entered in the Maintain Inventory Items
window. When setting up your customers you can select one of the five
sales price levels to use as the default price. For our customer, Armstrong
Manor, we used the default sales price level 1. When invoicing this
customer, all items default to the level 1 price.
window. When setting up your customers you can select one of the five
sales price levels to use as the default price. For our customer, Armstrong
Manor, we used the default sales price level 1. When invoicing this
customer, all items default to the level 1 price.
8
Press
e to accept the unit price for Sales Price Level 1 ($129.99). The
cursor moves to the Tax field.
9
Press
? to display the Item Tax type list.
Inventory item tax types are set up in the Maintain Inventory Item
Defaults window. When you enter your inventory items on the Maintain
Inventory Items window, you can designate items as taxable or exempt.
The bird bath uses item tax type 1, which is set up as taxable.
Defaults window. When you enter your inventory items on the Maintain
Inventory Items window, you can designate items as taxable or exempt.
The bird bath uses item tax type 1, which is set up as taxable.
10 Press
e once to move to the Amount field.
The Amount should display $129.99. In the bottom right corner, you
can see the tax amount for the item in the Sales Tax field.
can see the tax amount for the item in the Sales Tax field.
11 Press
e to accept the amount and then enter again to skip the Job field.
Jobs will be covered in more detail in Lesson VIII.
Next, we will enter our Landscaping Design. We estimate this will take
four hours.
four hours.
12 In the second transaction line type 4 and press
e. Type LA. The item list
displays LAND-17100 (Landscaping Service - Weekly); however, we need to
select landscaping design. Press
select landscaping design. Press
Z three times to select LAND-17400
(Landscaping Design), and then press
e four times. The cursor moves to
the Tax field.
13 Since this is a service item it is non-taxable. It has been set up to use Tax
Type 2 (exempt). Press
e to move to the Amount field.
Four hours of Landscaping Design at $49.99/hr equals $199.96.