How to make payment to vendors and creditors:

How to make payment to vendors and creditors:

First of all click on the task and select payments…..

After clicking on payments the following screen will appear.

To select vendor click on the “look up” button and select vendor ID.

Check number is necessary. It is used to make outstanding payments.

Payment date is also necessary. It is used to know whether the payment is made within the discount period or not.

If the payment is made within the discount period than discount is availed otherwise not.

To select the cash account click on look up button.

Select cash in bank if the payment is made from bank account.

Enter the quantity item, price per unit , total amount is automatically calculated.

Press ( alt+s) to save the data.