Are you
searching for best accounting software for your small/medium business?
There are a lot of online free and cheap small business accounting
software packages available but we would recommend you to pay some
dollars to get a good accounting software for your business. We have
shunted out two good accounting software solutions for you: Intuit
QuickBooks and Sage Peachtree. We will provide a brief comparison of
features of Intuit QuickBooks and Sage Peachtree. We will help you to
decide which accounting software is the best option for you? Which
accounting software package (Intuit QuickBooks or Sage Peachtree) best
matches your accounting and financial demands?
As a small
business owner, your to-do list is a mile long. It’s stressful enough
handling customer demands or vendor requests, but then there’s
day-to-day administrative tasks that must be completed as well. While
accounting software programs can’t keep tabs on your new competitor down
the street, they can at least make one part of your job a little
easier.
Sage Peachtree
and Intuit QuickBooks own major share of the small business accounting
software market. They both provide excellent solutions to many, if not
all of a small business’s bookkeeping conundrums.
QuickBooks is
usually considered the easiest accounting software to implement for
someone without an accounting background but the competitor Sage
Peachtree also offers intuitive features like Setup Advisor and Sage
Advisor, a tool that follows user activity while explaining how the
software can handle different tasks.
When it comes
to tracking financials, there are simply no substitutes for accuracy,
usability or quality reporting. While you can certainly find basic
accounting and financial management solutions for little or no cost
online, these bare-bones programs typically offer few if any real
capabilities. And it’s in usability and depth that QuickBooks and
Peachtree both really shine.
Intuit QuickBooks
QuickBooks
boasts a well-developed and easy to use invoicing system dubbed the
Collections Center. QuickBooks Premier includes the ability to track
data from different departments, locations or funds, all in one report.
Batch invoicing is another new feature that QuickBooks offers, allowing
one invoice to be created and applied to everyone in a group.
From top to
bottom, QuickBooks has updated their offerings to keep pace with
software and technology trends enabling easier online integration. For
example, all versions of QuickBooks can be used in conjunction with your
online banking and web-based email account (e.g., Gmail, Hotmail,
Yahoo! Mail). They can also be connected via QuickBooks Sync to Intuit’s
online servers, making information seamlessly available.
Sage Peachtree
Peachtree, on
the other hand, is great for loads of specific small business tasks and
offers a very customizable tool set. Each version of Peachtree can
deftly manage workflow analysis, volume pricing, complicated inventory
concerns (e.g., multiple warehouses) and vendor reports. Peachtree has
also teamed up with business intelligence firm Alchemex to provide
Excel-based business intelligence summaries for Complete and Premium
users.
With Peachtree
you can keep an eye on cash flow with preset alerts that send email
notifications when inventory amounts get too low or an account’s balance
passes a predetermined threshold. Perhaps the most valuable tool that
Peachtree offers is its Internal Accounting Review that audits your data
to detect common accounting mistakes. This makes sure that your hard
earned money doesn’t slip through the cracks.
Conclusion
These are
slightly different products being catered to slightly different crowds,
and they aren’t cheap, but they are well worth the investment in terms
of both dollars and hours saved. In fact they will allow you to get back
to the really fun tasks of running a small business. You can visit
official websites of Intuit QuickBooks and Sage Peachtree to learn more.
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