INFO:-
Peachtree's accounting roots in the small-business
market reach back to the early nineties, and the company's experience
shows in Peachtree by Sage Complete Accounting 2009 ($269.99 direct for
one user). The software competes well against Microsoft Accounting Professional 2008, MYOB Premier Accounting 2008, and QuickBooks Accounting Pro Edition 2009,
though it can't beat QuickBooks at simplicity and usability. New
features include real-time error reporting, multiyear reporting within
general ledger reports and financial statements, and improvements to
time and expense tracking.
Peachtree Complete has always had a good setup
procedure, and this latest edition is no exception. The app has you
select a matching business type from a list of dozens, then it builds a
set of accounts that will work best with your choice. After that, it
asks you to make a few additional decisions about your business, like
whether you'll use a cash or accrual system. Once you've answered, the
app creates your company files, opens the accounting application, and
pops up a window with the setup guide.
The guide consists of a series of wizards that move you through the
steps required to prepare sections of the application, such as Vendors
and Employees. Issues like sales tax are also covered here. In the
initial setup, Peachtree Complete 2009 and MYOB Premier 2008 both walk
you through more of the setup process than their competitors. MYOB has a
setup assistant that helps you build a framework for your work, asking
about things like how many hours your employees typically work in a
week. The approach QuickBooks takes is a combination of a wizard and the
Preferences tool, and Microsoft Office Accounting uses a mini-wizard
and a quick-start guide.
Companies that need the best inventory tracking in
class should look at Peachtree by Sage Complete Accounting 2009.
There's a lot to like in the application as a whole, especially its
integration with other apps and its time-billing and payroll modules. If
you're already committed to Peachtree, you might just want to stick
with it. But for small businesses looking for their first accounting
application or willing to do the work to make a switch, QuickBooks'
flexibility, usability, integration, and stable of features make for a
stronger overall package.
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