QuickBooks and Peachtree are two of the most popular accounting software programs which are used by business to make their finances and accounting tasks with ease. These programs tend to help your business take on an active role and make the financial tasks done in no time. For accountants, this software help in providing reliable bookkeeping tools to make your business run efficiently.
While both offer their pros and cons, it can be too intimidating to decide which one to rely on. As a small business owner, you need to focus on relying on the right software for accounting tasks. Business needs a lot of things to be handled, and therefore accounting tasks can be automated.
There is a big benefit to having QuickBooks as software over any other program including Peachtree. It is that it offers great help to the business owner, by easily getting setup with the company’s profile within the programs. Also, you can expect the easy transaction and offers user-friendly interface and pictures.
Both programs share a certain set of features, it includes account payable, general ledger, receivable, and also double-entry accounting. It comes with a ‘collection center’ that simplifies the overall inventory process and allows additional capacity in invoicing.
QuickBooks further offers top-quality integration skills like Yahoo, Gmail along with all sorts of bank integration too. This tends to simplify your work and offers quality industry-related templates to make quick reporting, simpler, clear, and concise too.
Peachtree on the other hand offers a year-end close process, also it can keep 2 years open along with making a year-end adjustment before the closing. This feature is missing in QuickBooks and therefore, you can consider this software if you want to make use of it. However, QuickBooks offers an alternative, that is the ability to have a password lock to your data before setting up a date.
Peachtree comes with an inventory that is compatible with options like LIFO, FIFO, and average ones offered in both Pro and Complete versions. In the case of QuickBooks, it is compatible only on average costing and you can also upgrade the software to Enterprise version. But you will need to include other inventories also as a paid add-on. You can pay it one time monthly, and enjoy the benefit.
With the add-on, you can also enjoy the serialized inventory, FIFO, and other options along with
the location for inventory. Peachtree also provides forms and financial statements to get customized. There is a customized dashboard present offering insight that relates to job costing and business. This is also something that you might not find in QuickBooks.
In terms of usability, Peachtree has emphasized more focus on targeting accountants, the ones with a good background in accounting and finances. QuickBooks however have given importance to being user-friendly with an easy user interface and intuition. Now one might say that Peachtree is more focused on serious level accounting. However, you can expect the same sort of services in QuickBooks.
It is just that the software happens to make the accounting task simple and quick. QuickBooks gives users step-by-step help to handle the financing, reporting, and more. For using Peachtree, it is important to be aware of accounting and have sufficient knowledge in finances.
Peachtree has a rigid, dull, and very strict interface, so if you wish to vote purely based on its user-friendliness, or usability, you can trust QuickBooks here.
This feature is overtaken by QuickBooks and the benefit here is far better than Peachtree. It can delete the entire transaction history along with other data for specific companies. This is concerning the companies that you are doing business with.
While this might seem to be a big sort of advantage, it is lacking in Peachtree. It can erase information for a company that the business no longer interacts or engage with. So, you save time, energy and don’t have to delete every record one by one in the transaction.
Irrespective of what your business size is, accuracy, reliability, and prompt accounting is all that matters when you track your finances. The same goes for reporting and you will want such a program that gives you a high-quality reporting experience with a user-friendly interface. QuickBooks offers interactive invoices and the ability to track and create reports quickly. With that, you can track the latest trend, make a quick calculation, payroll handling, integrating with other apps, etc. Peachtree however is focused only on small businesses, with top-notch customizing, managing functions, volume pricing, reporting, workflow analysis, and more.
Though both the platforms have been robust, strong, effective, you can always choose QuickBooks for its user-friendly interface. It is simple and far better to understand than Peachtree. You can make the most out of it even if you don’t have any sufficient knowledge of QuickBooks for that matter.