Top 5 advantages of using peachtree accounting software

Top 5 Advantages of Using Peachtree Accounting Software Business owners often purchase accounting software that can assist them in streamlining their financial data and records. Computerized software automates calculations and increases accuracy. Peachtree Complete Accounting 2011, created by Sage Software, remains a popular choice for businesses, both big and small.

Here are the top 5 advantages of using Peachtree for your accounting needs:

1. Easy to Set Up One of the best advantages of using this software is that it can be up and running in less than 30 minutes. You do not have to know much about it to set it up. 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.

2. 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.

3. 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.

4. Functionality Peachtree is robust accounting software. It enables you to issue invoices to your customers/clients, receive payments, enter payables for your vendors, print checks, pay your employees, track expenses, enter journal entries, and much more. It is full of all kinds of preloaded reports. It is also capable of performing an internal accounting review that can identify common transaction mistakes.

5. Versatility This accounting software is known for its versatility, which means it can be used with any type of business. There are many features to help you customize Peachtree for your particular business, no matter whether your business is small or large. You can pick and choose from more than 100 forms, and use only the features needed for your business. For example, if you only want to track sales and monitor inventory, you can use the features meant for the same. Or, if you need something to remain updated about employee payroll, invoices, checks etc., Peachtree can easily be set up to perform these tasks as well. You can also customize Peachtree for certain types of businesses such as manufacturing.

Peachtree is efficient accounting software for people who are starting small businesses because of its ease of use and affordability. The only drawback is that Sage only supports their versions for a few years before retiring them. You can either purchase new software when that time is up or you can keep using your current version.