Basics Of Accounting

Accounting means the systamatic way of recording ,reporting and analysis of financial transactions of a business. Accounting plays a very important role in each and every organisation.Because,managers has to know the gains and losses of a company. Types of Accounting : Accounting classified...

Sales Cycle in QuickBooks Software

In quickbooks sales cycle will be processed in 2 ways. Case 1 :  If customer want to pay the amount for purchased items at that time supplier will not go with the whole sales cycle. Supplier will give the sales receipt after customer makes the payment. If you want to go sales receipt : Case...

Sales Cycle in Tally Software

Tally sales cycle contains the following steps: In tally sales cycle, starts with the sale order directly.Whoever asks for the quotation for those people separately create the quotation. Quotation : Create separate voucher for quotation then only tally allows to create the Quotation...

Sales Cycle in Peachtree Software

Peachtree sales cycle starts with the quotation and after agree the quotation by the customer it will create the sales order. Peachtree contains the 4 phases in sales cycle. Sales Quotation(pre-sales). Sales Order Creation. Invoice. Receive the payments. Peachtree home page is shown like below...

Sales Cycle in Stone Profit Systems

SPS sales contains the following phases: Sales Order. Pick List. Packing List. Invoice. Receive Payment. SPS sales home page is like below : 1.Sales Order : Sales order is created directly from the selection sheet or hold or quotation phase in SPS sales cycle. Sales order is created...

Sales Cycle in SAP

In SAP, sales A/R processes the selling goods to the delivering those goods and along with that invoice to the customer for payment. The SAP sales process contains the following steps :  1.Sales Order : Sales order will created after completing the pre-sale activities. A sale order is...

SPS Pre - Sales Process

Pre - Sales :  Pre-sales is a process or set of activities which occur before the customer buy the product from the supplier. The Pre-sale process helps the customer to take the decisions for buying the products. Pre-sales process contains the phases like samples,hold,approval,etc. Pre -...

Pre - Sales in Peachtree Software

Pre-sales in peach tree software contains only 2 phases.   Quote / proposal. Sales order creation. Quote / Proposal : Before generating the sales order for customer purchase order supplier will generate the quote for customer purchase order. Here, supplier will generate the quote for customer...

Pre - Sales in SAP

SAP pre-sales contains the 3 phases . SAP Opportunities. Quotations. Sale Order. Sales Opportunities : Sales opportunities process flow : Sales managers set up important information such as the stages that a sale passes through and the likelihood (by percentage) that a sale in a given...

Account Types

Account types are classified into 5 types. Assets : The asset account represents the value of the asset owned by the business. Only the items have a resale value those only recorded in this account. Every year the assets are adjusted to accommodate depreciation or appreciation of their value.  Examples...