Sunday, 29 December 2013

Intuit QuickBooks vs Sage Peachtree: Small Business Online Accounting Software Comparison

Intuit QuickBooks vs Sage Peachtree: Small Business Online Accounting Software Comparison

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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