peachtree-software peachtree complete accounting 7.0 Quick Setup Guide

When you post this receipt, the accounts receivable account is credited for the 
full invoice amount. This balances the debit created when we entered the 
invoice. The cash account is debited (increased) by the amount of the check, 
and the sales discounts account is increased by any discount that might apply. 
(You establish the discount for sales by selecting Default Information from 
the Maintain menu, and then Customers.)

Now we are going to look at how well Bellwether Garden Supply manages its 
collections of payments from customers. Obviously, they don’t have a 
problem with the invoice we just entered. They just need to ship Armstrong 
Manor the remaining items (currently on backorder) to close the sales order, 
and then invoice the remaining sale. However, to look at other customers and 
aging amounts, we’ll use the Collection Manager.

The Collection Manager allows you to analyze, on three different levels, the 
outstanding invoices owed by customers.

The first (Graph) level provides a graphical representation of outstanding 
invoices and the aging brackets the invoices fall into. You can select a bracket 
from this level and drill drown to a detailed view of the amounts in this level.

From the Analysis menu, select Collection Manager. The first level of the 
Collection Manager appears.

Notice the four aging brackets, along the horizontal or X axis. The 
vertical or Y axis shows dollar amounts due.