peachtree-software peachtree complete accounting 7.0 Quick Setup Guide

Type 101 in the Reference field for the customer’s check. This is a required 
field. Press 

e. The cursor moves to the Date Field.

In the date field, type 29 and press 

e. The date formats to 

Mar 29, 2003.

The cursor moves to the Payment Method field. Peachtree Accounting 
allows you to enter up to 10 payment methods. These are set up in the 
Customer Defaults window.

Select Check from the Payment Method drop-down list and press 

e. 

The cursor moves to the Cash Account field. 

Select 10200—Regular Checking for the cash account. Press 

e.

Below the Cash Account field is the current balance (as of the check date 
3/29/03). If question marks display, select the Recalculate (Recalc) 
button to display the current balance. This displayed balance will not 
change until you select the Recalculate button again.

At this point, you can select invoices to pay. Optionally, you can enter a 
receipt against a sales income account. When you select the Apply to 
Sales tab, the outstanding invoices for this customer will temporarily 
disappear, and the columns in the distribution area will be different 
(similar to the sales invoice). We are going to apply this receipt against 
an invoice.

On the Apply to Invoices tab, check the Pay box in the far right column 
beside invoice 9901.

Notice that the Receipt Amount box on the check form now displays 
$736.10. This is $751.12 minus a 2% discount extended to Armstrong 
Manor (established in default customer terms). 

The Receipt Amount box shows a running total of the customer 
invoice(s) paid. You can only adjust the amount it shows indirectly by 
entering payments in the Amount Paid field.

Select the Post button to record and post this receipt.

You cannot print cash receipts.

10 Press 

q to close the Receipts window.