How to maintain default information of customer on  Peachtree?


Go to the main menu of Peachtree, and click on the maintain menu and then select default information as you will see in the image:

 
Now select the customers, the following window will open when you click on the customer:

 

Now go to the first option “payment terms”, there you will see the following standard terms:
• C.O.D, it means cash on delivery.
• If you receive the cash exact on delivery then select this option.
• The next option is “prepaid”, if you received the advance payment then selects this option.
• Next option is “due in number of days” when you click on this option the following options will appear as shown in the picture:

 

There are following options for due in number of days,
Net due in: here you will write the due time for payment.
Discount in: here you will write the days, and if customer will make payment within these days you will give him discount otherwise not. You may leave this option.
Discount: rate of discount is mention in this box.
Credit limit: here you will mention the credit limit, if the amount of credit exceeds you will receive a warning message.

• The next standard term is due on day of next month, if you  want to due the amount on any day of next month then select this option and mention the day on which you want to receive the amount, as you will see in the image:

 

• The next standard term is due at end of month, if you want to receive the amount at the end of a particular month in which you are making sales then select this option.

The next option is account aging, when you click on this option the following window will appear:

Account aging means making provision for bad debts.
• If you want to aging accounts by invoice date, then select “invoice date”.
• If you want to aging accounts by due date, then select the option “due date”.

The next option is custom fields, when you click on this option the following window will appear:

In the custom fields there are following information and you can make them enable or disable by clicking on box.

The next option is “finance charges” , when you click on this option the following window will appear:

There are following options in this window:
• Charge finance charges: if you want to charge finance charges then click on box and make it enable.
• On invoices: here you will mention the grace days.
• Days overdue, upto: here you will write the amount on which you are charging interest.
• Annual interest rate: here the annual interest rate will mention.
• On balances above that: if the balances exceed then you will mention the rate of interest in this box.
• Minimum finance charge: here you will write the minimum interest rate.
• Charge interest on financecharge: if the customer does not pay interest charges and you want to recharge interest on the total sum, then click on this option.