Peachtree

Peachtree is an accounting software which is developed by sage. Peachtree comes with five different versions pro, complete, premium, quantum and accountant.

• The purchase cycle of Peachtree is explained further.

1. Purchase order :

• In Peachtree the purchase transaction is created by using the vendor ID and it is used in the whole transaction.
• After adding the vendor ID we add the shipping address and the items are listed in the PO.
• The PO in the Peachtree looks like :

2. Receive inventory :

• When the purchase order is generated then we receive the inventory from the vendor.
• We note the list of items and there price along with the invoice number which has been received.

3. Returns/Credit memo :

• After the receive inventory if we needed to return or create create memo we  do it in the returns section and after creating the credit memo it goes into the unapplied mode until the credit memo has cleared.
• When the credit memo is cleared by the vendor it will applied and the amount will be refunded.

4. Payments :

• When the receive inventory is created it will be in the unpaid state and we have to make the payment for the bill.
• The payment can be done to the vendor totally at once or we can also do the payment one after the other.
• When the payment is totally done the list of received items are added to the inventory and status changes to paid in full.

Advantages :

• Best used for accounting of small business.
• It has graph of payable based on their age of purchase.
• We can have shortcuts of customer list or vendors list etc, and can customize it.

Disadvantages :

• The design doesn't look neat and clear.
• We can't create an pre-purchase request for the vendor.