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Own Accounting Firm or Using Accounting Software To Manage Another Type of Small Business

Peachtree accounting software has several key benefits for small businesses: 1. It has decades of experience and continuous updates to meet changing technology needs. 2. It is highly versatile and customizable for any type of business or industry. 3. It eliminates the need for multiple software programs by consolidating accounting functions into one program. 4. It is available in different software options and pricing tiers to meet the needs of companies of any size. 5. Extensive training resources are available for beginner and advanced users to help setup and optimize use of the software.

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0% found this document useful (0 votes)
125 views7 pages

Own Accounting Firm or Using Accounting Software To Manage Another Type of Small Business

Peachtree accounting software has several key benefits for small businesses: 1. It has decades of experience and continuous updates to meet changing technology needs. 2. It is highly versatile and customizable for any type of business or industry. 3. It eliminates the need for multiple software programs by consolidating accounting functions into one program. 4. It is available in different software options and pricing tiers to meet the needs of companies of any size. 5. Extensive training resources are available for beginner and advanced users to help setup and optimize use of the software.

Uploaded by

Saud Khan Wazir
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Peachtree Accounting software accurately tracks your inventories, sales and expense.

The software will also calculate and produce your payroll. Peachtree is a versatile package, and is available for individual business sectors. Peachtree offers a 24- onth accounting cycle, with one year of past data, and one year current. !our accountant can close out the prior year while current year business continues. !ou can control the onth and year of data entry in Peachtree. This ensures that current onth receipts, sales, inventory, vendor bills and payroll are recorded in the correct onth. Peachtree has standard reports for Accounts "eceivable, Accounts Payable, #eneral $edger and %inancial &tate ents that can be odified and saved using the easy to use report layouts. The payroll function is Peachtree is excellent. The tax tables for federal and state are updated as the laws change. Peachtree has a pro pted payroll set up that easily handles pre-tax and after tax withholdings, in addition to garnish ents, child support and other e ployee deductions. 'f you(re seeking the ulti ate software to anage your business accounting needs, Peachtree accounting software by &age &oftware provides all the features you need. )hether starting your own accounting fir or using accounting software to anage another type of s all business, Peachtree has the versatility necessary so it can be integrated for any type of use. $et(s look at five key benefits of using Peachtree software. *. !ears of +xperience and #rowth Peachtree business software has been around for decades and has grown sufficiently in this age of technology. As if the years of experience weren(t enough, Peachtree has consistently been tweaked to better serve business needs. 't has also been upgraded ti e and ti e again to eet the de ands of the technology age. Any accounting software that is eant to last ust keep up with new co puter syste s, such as )indows upgrades, and ust be online-friendly for those businesses that conduct ost of their operations online. Peachtree receives an ,A--, in both these areas. !our benefit is that you never have to worry about it beco ing outdated or obsolete as any software syste s do. 2. .ersatility at 'ts /est

Peachtree accounting software is known for its versatility, eaning it can be used with any type of business. There are any features to help you custo i0e Peachtree to your particular business, whether your business is s all or large. !ou can pick and choose fro ore than *11 for s, and use only the features needed for your business. %or exa ple, if you only want to track sales and onitor inventory, you can use these features. 2r, if you need to keep up with e ployee payroll, invoices, checks, etc. then Peachtree can easily be set up to do these tasks. !ou can also custo i0e Peachtree to certain types of businesses, such as anufacturing. 3. +li inate the 4eed for 2ther &oftware Progra s )ith Peachtree, you can save ti e, dollars and hard drive space by eli inating other less functional software progra s. Peachtree offers so any features that it can take care of virtually every business office task. &o, instead of having three or four different software progra s, you can consolidate all your functions into one. Also, keep in ind that Peachtree can easily ,grow, with your business. !ou can opt to use various features in the progra as you need the or upgrade to a ore functional version of Peachtree later5 4. 6ultiple &oftware 2ptions Peachtree software is available in several versions to eet the de ands of any co pany. Peachtree Pro is the ost basic edition, with great features for the s all business that has cut and dry bookkeeping needs. Peachtree 7o plete adds 8ob costing, in-depth inventory features, ti e and billing and analysis tools along with a ulti-user option to increase productivity. Peachtree Pre iu has pre iu features such as advanced budgeting, ulti-co pany consolidations, ulti-user option, screen-level access control, and 7rystal "eports9":. Peachtree ;uantu can support any users and has advanced tracking settings as well as security features. 't has all the features as Peachtree Pre iu Accounting with support and upgrades. <. /eginner and Advanced Training Available 4o atter which Peachtree version you buy, there are beginner and advanced training classes available to help you set up and use your software. Training ini i0es the need for support later and helps you to capitali0e on all the great features that can help your business run ore s oothly. !ou can find Peachtree training classes online and so eti es locally. There are also instructors that will co e to your place of business to set up your software and provide on-site training. Peachtree accounting software can be purchased online along with other great progra s such as ;uick/ooks or ;uick/ooks +nterprise, A7T &oftware, 6A&=1 &oftware, or any 7"6 software 97usto er &ervice "elationship software:. 7onsider Peachtree or one of these other great progra s to strea line your business operations.

Importance of Peachtree Error Messages


)hile ost users see >uite unconcerned about the occasional error essages they encounter with their Peachtree accounting software, Peachtree error essages should not be ignored. 'n fact, they should be taken >uite seriously. 6any people are so used to receiving errors fro various software progra s and )indows itself, that they(ve beco e ,nu b, to error essages - not phased by the they once ight have been. ?ow about you@ ?ave you gotten into the habit of auto atically ignoring those error essages that pop up fro ti e to ti e@ like

?ow often have you received the )indows AP essageB ,... application file has encountered a proble and needs to close. )e are sorry for the inconvenience.... Please tell 6icrosoft about this proble ...,@ &o you cancel the essage and restart the progra . 4o big deal - right@ 2r perhaps, like so any users of Peachtree, you are a veteran of the 2ne-)rite Plus progra C which is especially prone to error essages - ost of which aren(t especially serious. 6any Peachtree users ran 2ne-)rite Plus for years, receiving a steady strea of error essages all the while. /ecause it was often difficult to find what caused the errors and any ti es it see ed i possible to prevent the fro reoccurring, 2)P error essages were often ignored. Dnlike 2ne-)rite Plus, )indows AP,and any other applications, you should expect to receive few error essages fro Peachtree. Also, in the rare case where one or ore Peachtree error essages are encountered, you should expect it to be a fairly straight forward process to identify the proble causing the essage9s:. )hen Peachtree error essages are displayed, each one should be considered as an i portant co ent on the health of your Peachtree accounting software or the co puter syste it runs on - not so ething to be carelessly brushed aside.

Key Features
&tudents learn by doing. &tudents begin using the co puter at the beginning of 7hapter * and continue to do ost of their learning by doing a wide variety of activities using Peachtree Accounting. The aterials e phasi0e learning a wide variety of Peachtree Accounting activities such as processing transactions, perfor ing aintenance, obtaining infor ation fro Peachtree Accounting data, printing docu ents and reports, exporting to +xcel and

understanding internal controls in Peachtree Accounting. +very activity included in the aterials includes having the students practice the activity using the co puter. &ufficient infor ation is provided in the aterials to per it students to learn Peachtree Accounting and co plete the proble aterial without an instructor(s involve ent, if that is the instructor(s choice. All aterials needed to co plete the pro8ect are included, including the Peachtree Complete Accounting 2010 software. "epetition of key activities is included to reinforce learning, but it is ini i0ed to keep the ti e re>uired for the pro8ect reasonable and still help students learn the extensive features of Peachtree Accounting. There are extensive proble aterials that re>uire students to integrate what they learned in earlier chapters, including >uestions and proble s about the wide variety of Peachtree Accounting features included above. The pro8ect can be co pleted by students on individual co puters, in a co puter lab or in a network environ ent. An extensive and detailed solutions anual is provided to professors to help assign chapters and grade student handEins. The entire pro8ect takes fro 21E2< hours depending on the use of optional chapters and the nu ber of assign ents selected.

Introducing Peachtree 2008


+arly each su er &age &oftware releases a a8or upgrade to Peachtree and as expected, as of Fuly *1, 211G, they are shipping their ost recent upgrade - the new 211H version. %or anyone who is still looking to obtain the older 211G version, it is no longer being sold by &age, however, if you check with various retailers, you ay find it available for a few ore onths. This is Peachtree(s second year using the new Pervasive Iatabase. Peachtree versions 211J and earlier were written in the /etrieve database. The new Pervasive is faster when large data files are being used and is less prone to data corruption. 'n case you(re wondering about the database, Pervasive has a web site you can visitB httpBKKwww.pervasive.co . Pervasive &oftware, 'nc owns /trieve and the Pervasive database progra is an upgrade to the older /trieve product.

&o e of the

a8or advantages of Peachtree 211H over 211G are the followingB

- ' proved report options such as better filtering. - ' proved drill-down capability in reports. - +asier for s design. - Ability to add external files as attach ents to custo er, vendor, and e ployee records. - /roadcast invoice feature which allows one invoice to be sent to - ' proved payroll Iirect Ieposit capability. any custo ers.

he Advantages of Peachtree Accounting Software


7ontributor By Jesse Adams, eHow Contributing Writer

Article "atingB

91 "atings: + ail %acebook Twitter &tu bleDpon Add to %avorites Print &hare

' want to do this5 )hat(s This@ *. Peachtree Accounting has been in production since the early days of co puting, as its original owners founded Peachtree &oftware in *=GH. &ince then, Peachtree has steadily i proved its software into one of the ost co prehensive business accounting progra s on the arket. Ac>uired in *==H by &age &oftware, the progra features any co pelling features that can be an asset to ost businesses.

Its

istory

2. 2ne of the biggest advantages of using the Peachtree software is its age. The original progra was written in *=GH and has endured ore than three decades. The endurance of the software showcases not only its usefulness, but also the trust businesses have placed in it over the years.

!usiness Ana"ytics
3. 'n its 21*1 version, Peachtree Accounting fully integrated analytical software into its features. )ith this feature, you will be able to co pare your co pany(s revenue, gross argins and sales with co petitors, see how your co pany ranks within your industry and view financial trends that are relevant to your business practices.

Mu"tip"e Accounts
4. Peachtree Accounting allows you to open accounts for different co panies under the sa e user na e. 'n other words, if you operate ore than one business, you will be able to view each co pany(s financial infor ation and anage all accounts fro the sa e screen. )hile this see s like a si ple feature, ost other business accounting progra s force you to have co pletely separate accounts and will not allow you to have the open at the sa e ti e.

Automatic !ac#ups
<. Peachtree Accounting co es bundled with the Peachtree Auto atic /ackup progra . )ith this progra , you do not have to worry about setting up backups every night. !ou configure the backup progra upon installation and it will regularly backup all your data for you. !ou can backup to an off-site server or to an on-site external hard drive. /ackups are i portant because your co pany(s financial infor ation is, arguably, the ost i portant infor ation to have in case of a fire or syste failure. )ith the auto atic backup feature, not only is your financial infor ation safe, but it also saves your client list, a co plete transaction history and e ployee anage ent files.

Ever$improving techno"ogy
J. Peachtree Accounting is the bread and butter of &age &oftware(s business plan. As such, the co pany is constantly working to i prove the progra with better technology. %or exa ple, with the 21*1 release, Peachtree included a brand new database fra ework that akes it easier for co panies to use the progra in ulti-user environ ents and akes the progra ore stable than its

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