Peachtree Complete Review

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Section I: Overview Peachtree is an accounting software system that is used by many companies and is well recommended. It is mainly used for small businesses with under 50 employees. The software was first launched in 1977 and was eventually sold to Sage Group in 1988 for 145 million dollars who still owns and updates it today. “Peachtree was the first business software introduced for microcomputers and the oldest microcomputer software program for businesses in current use, with the possible exception of the original Microsoft Basic interpreters, also introduced in 1975” (Peachtree Accounting, 2011). Peachtree can perform all the routine tasks an accountant needs to do on a daily basis. It reconciles accounts payable and receivables, creates financial statements and checks invoices, tracks banking transfers and payroll, imports and manipulates spreadsheets, and it also integrates scanned documents like checks, receipts, and invoices. This “greenly” eliminates all paper from the accounting process and makes it much easier to find what’s needed and fix things that need to be fixed. Sage, the company that makes Peachtree, makes industry specific versions of the Peachtree software to better suit its customers. For example, it created a Peachtree Premium Accounting for Construction which is “customized specifically for the needs of subcontractors, contractors and operations managers in the construction industry. Small construction companies and individual contractors both use construction industry-specific functions like job costing, fixed assets tracking, progress billing and advanced budgeting to control costs, track expenses and organize billing” (What Is Peachtree, 2011). There are also other industries Peachtree is specifically tailored to in different versions. When you start Peachtree you can create a company or go to one you have already setup.

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