- QuickBooks is a accounting software developed by the "Intuit".
- QuickBooks software mainly used for small oriented businesses.
- Intuit also offers a cloud service called QuickBooks Online (QBO).
- If you want to work on QuickBooks software then you need to register and you need to pay. For students free version is available.
- After signin you will get the home page like below :
Purchase Order Cycle in QuickBooks :
- If you want to create the purchase order first you need to create the accounts for both customers and suppliers.
- After that go to supplier account from which you want to buy the products and you will create the purchase order for that supplier.
- Go to customer tab and create the Invoice at the customer account (Who sended or created the purchase order) .
- After receiving the goods customer will make the payment to the supplier.
Advantages :
- Simple Purchase Order Cycle.
- Simple Graphical User Interface.
- QuickBooks software provide services to both online and desktop.
Disadvantages :
- Not possible to place the Pre - Purchase and Presale Request in QuickBooks software.
- If you want to send the Prepurchase order to multiple suppliers at a time its not possible like Stone Profit Systems software.
- QuickBooks software does n't have more features and detailed fields.
- QuickBooks not following proper steps to create the Purchase Order Cycle.And their is no proper instructions also.
