Peachtree Sales Cycle

In Peachtree ERP the sales starts from the creation of quotations where we generate the quote and then the transaction starts.

• The process of sales transaction is shown in the figure.

1. Quotes and Proposals :

• The quotes section note down the information of the customer details and list of items that are referred.
• We can create the quote for the new customer or else for an existing customer using the customer id.
• Once the quote in converted into the sales order it notified in the quote section.

2. Sales Order :

• The sales order is next in the transaction where it can be a new sales order or a sales order for the quote generated.
• Here the item list is modified according to the customer requirement and a new sales order is created.

3. Invoice :

• Now the Invoice of items is created for the previous sales order.
• The invoice is made of the price list for the items as well as we can add additional taxes or charges in the invoice section.

4. Receipt :

• When you complete the order and the customer payment is received then we generate receipt for the payment made by the customer to the invoice.
• The receipt contains the payment details.

5. Credits and Returns :

• When the returns are occurred the list is updated with the set of items that are returned and created in the returns section.
• It will be in the unapplied state until the return amount is credited to the customer.

• Now we have to apply the amount of return to the customer to change the status of the credit memo.
• When we generate the receipt for the returns, then it is changed into applied state.

Advantages :

• The cycle is used for simple transactions within the small organizations.

Disadvantages :

• There is no pick ticket or packing list in the cycle.
• We cannot identify the items available in the stock or not.
• The status of the sales cannot be known whether it is in transit or put on hold or how much the progress level.