Purchase Cycle:
- Peachtree is a accounting application for small and medium sized businesses made by Sage software.
- The Peachtree ERP systems has purchase cycle as shown below:
- Purchase Order
- Receive Inventory
- Invoice
- Payment
- Returns
- First the customer generate the purchase order to the vendor with his requirements, then the vendor supplies the goods to the customer.
- The purchase order generation is looks like shown below in peachtree.
- Then the customer will receive the inventory from the vendor and the vendor send the invoice to the customer.
- If needed the customer will do the returns or else directly make the payment.
- In case of returns the vendor credit memo is generated by the customer and the vendor refund the money to the customer.
Pros:
- Showing instructions to all fields is good option for who not aware of that field when making the new entry.
- It has both online version and software version for devices.
Cons:
- Forms are not well designed and also not attractive.
- Status of purchase transaction is not available which means progress bar is not provided.