How to Make Credit Memo

(Sales Return)

1)      Credit Memo is prepared when the customer want to return some goods which he purchased from the vendor. To make the credit memo we first open our Peachtree company then and then go to the “Task Menu” and select the 7^th option which is “Credit Memo” the following window will appear.

      

2)      When the above window opens we have to fill some important information which is required for filling this memo. First we have to select the“Customer” from the customer id field it means that this customer return the goods due to some reason from the purchase which he made.

3)      When the customer id is selected then the curser automatically shifts to the date fields. First we give the “Date” on the date field and this is the date at which customer make the credit memo. Second is the very important thing which is the “Credit No” these both things are very important to mention in the following window.

4)      Now in the following window we give some other things like quantity, item, description automatically appears GL sales Account, unit price and after all that the total amount is also automatically displays.

5)      After filling all the required information we have to press the button “Save” this memo will close but if we want to open this memo again just press the button “Open” behind the save button the following window will appears.

6)      On the top of the window another option is available which is “Journal” it means if we open that option the software automatically give us the gerbnal entry of this sales return that which item should be debited and which should be credited.

  

7)      To check the changes we go to the reports and select the Account Receivables and check the customer ledger in the following window.