Advantages of using peachtree software

Best Answer. Study guides. Q: What are the advantages and disadvantages of peachtree accounting software? Write your answer Related questions. What are the advantages and disadvantages of using Peachtree software as an accounting system? What are the main advantages of the Peachtree Accounting software over similar software programs? What are advantages and disadvantages of epicor accounting software? What is peach tree accounting? What are some Canadian accounting software programs? Advantages and disadvantages of navision accounting software?

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Advantages and Disadvantages of Software Packages? What is the top rated accounting software? What are the advantages and disadvantages of software reliability? Just follow the guide and it will take you step by step through the setup process that includes setting up of all the company information pertaining to customers, vendors, inventory or service items, employees, chart of general ledger accounts, and security. For general ledger accounts, this software offers you the ability to choose from preloaded accounts or you can set up your own.

Provides Audit Trail Peachtree Accounting mechanizes the audit trail that it creates for every transaction. It creates a record of each transaction entered in it. Transaction reversals are also captured through the software. The audit trail allows businesses to review past transactions and see the activity that occurred in a particular account. This feature assists business owners while reviewing customer transactions or preparing for income tax filing.

Cost Effective Another benefit of using this accounting software is that it is a cost-effective solution. Depending on the version that you purchase, you can expect to spend anywhere from a few hundred to a few thousand dollars, which will be quite reasonable for the amount of functionality and reliability that you get.

Functionality Peachtree is robust accounting software. It is full of all kinds of preloaded reports. Once you determine that your idea will work, and then you will have to jump through all of the governmental red tape, secure financing, and determine where your business will be located.

Another decision that you will have to make is to determine how you are going to keep your books. The first option can be very expensive depending on how much time the CPA spends working on your financial results. The second option can range anywhere from inexpensive to hundreds of thousands of dollars. I would warn against using a spreadsheet program to keep track of your books unless you are an accountant and very good at using spreadsheets.

Purchasing Accounting Software There are many different small business solutions to choose from to handle your bookkeeping. It is easy to fall in love with solutions that have all of the bells and whistles, but for most of them you are paying for functionality that you will never use. I recommend purchasing Peachtree to use as your accounting software.

My wife and I use it for our small business and I use it professionally at the manufacturing company that I work for. Have you ever used Peachtree before? Sage has been around for over 30 years and is one of the top accounting software providers in the world.

They are geared specifically at small businesses. Peachtree Pro is the base version that has basic functionality and is the cheapest. I use Peachtree Complete for our small business and it has more than enough functionality. Peachtree Premium adds additional functionality with advanced budgeting functionality and a few other tools.

Peachtree Quantum is what we use at the manufacturing company to take care of our corporate books. We used to do it for one of our side businesses before it went out of business. Quantum adds more functionality geared more towards accountants and larger businesses.

The Accountant version is more for CPAs. For most small businesses, you can easily get by with Pro, Complete, or Premium. Benefits of Using Peachtree Peachtree is a great basic accounting software that offers several benefits. Let us explore each one and take a closer look. Easy to Setup One of the great advantages of using Peachtree is that you can be up and running in under a half hour. You do not have to know much or anything about accounting to set it up.

Follow the onscreen guide and it will take you step-by-step through the setup process that includes setting up all of the company information, customers, vendors, inventory or service items, employees, chart of general ledger accounts, and security. For the general ledger accounts, Peachtree offers you the ability to choose from preloaded accounts or you can setup your own. My advice is to only setup your own if you have a decent understanding of accounting.

It allows you to issue invoices to your customers, receive payments, enter payables to your vendors, print checks, pay your employees, track expenses, enter journal entries, and much more. It is packed with all kinds of different preloaded reports.