Purchase Cycle:
- The Quickbooks is accounting software package developed and generated by Intuit.
- The Quickbooks ERP system has purchase cycle as shown below:
- In this system the customer send the Purchase Order to the Supplier directly without request.
- When generating the Purchase order in quickbooks it looks like shown below.
- After receiving the purchase order the supplier will send the goods to customer and the customer will receive the inventory.
- Then we generate the invoice with respect to customer.
- After receiving the invoice from the customer made the payment to the supplier based on invoice.
- If the customer go with the returns then create the credit note with the details of return inventory.
- The supplier will generate the refund receipt with respect to the credit note and the amount will refunded to the customer.
Pros:
- Usage of this system is easy for every one, like user friendly.
- All fields are simple which can understand every one.
- The way of showing actives on dashboard is good and design of this system in attractive.
- This system has both online and desktop versions.
Cons:
- This ERP system is not that much organized, which means categorization of showing menu items is not good.
- This software may effects with bugs and crashes. If the software is crashed then their is chance loosing data.
- Not maintained hierarchy when doing purchase transaction.
- There no pre-purchase request and quotations .