Quick Books Purchase Cycle

• Customer make the purchase order and sends to the supplier.
• Supplier will create packing list and sends inventory to the customer.
• Supplier creates invoice and sends to the customer.
• After receiving inventory customer will make payments.
• If inventory damaged or any problems customer returns inventory to the supplier.
• Supplier will refunds or discounts to your account for a specific invoice.

Advantages:

• It is developed as easy to use and in undertandable format.
• User interface design is good.
• It is good for new and very small business.

Disadvantages:

• There is no Prepurchase Requsets and Quotes.
• Limitation with file size and data.
• Inventory management is not much organized.

Purchase Order in Quick Books :

Invoice in Quick Books :

Payment Receipt in Quick Books :