- 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.