Thursday 29 September 2016

Peachtree Sales Cycle

  • Peachtree is a accounting application for small and medium sized businesses made by Sage software.
  • The Peachtree Sage 50 systems sales cycle includes: 
    • Quotation
    • Sale Order
    • Sales Invoice
    • Receive Payments
    • Credits and Returns
The Peachtree Sage 50 sales home page looks like shown below:


Quotation:
  • The customer before order the goods or services, he wants to review the the products regarding prices, customer asked available or not etc. 
  • In this situation the supplier generate the quotation, and send it to the customer.

Sale Order:
  • After the quotation is approved by the customer, the sale order is generated.
  • In this system it can be generated by either directly or from the quote as by clicking the convert button on the top menu.

  • In that you have to choose sale order and by entering sale order number, it will create
  • If you want to close SO or drop ship you can do here directly. It doesn't have convert option in this sale order.

Sales Invoice:
  • In this system after sale order is generated, you have to create the invoice directly.
  • In this system we don't have delivery receipt or packing list option.

  • When the goods are delivered to customer, then by clicking the ship option in top menu, you will create the original invoice as shown below.

Receive Payments:
  • After the invoice is generated and send it to the customer, then the customer made the payments if the no returns from the customer side. 
  • You receive the payments with respect to by selecting the invoice of customer. 
  • After payments made by the customer the invoice can be converted to paid in full as shown below picture.

Credits and Returns:
  • If the customer made the returns for various reasons after payments, then the credit memo is generated with the returned items details.


  • This credit memo is in unapplied state until the supplier credited the returned items money to the customer.
  • For this the system will generate the receipt with respect to the customer as shown below picture.
  • After this receipt the can be converted to applied state.

Advantages:
  • It is simple to use and used for small business industries.
Disadvantages:
  • This system doesn't have options like packing list or delivery report.
  • No full fetched details like freight forwarder, inventory status.