Pros vs Cons of Peachtree Accounting

Interested to know if you should buy Peachtree Accounting? Let’s weigh the pros against the cons of using Peachtree Accounting for your business.

Business owners often purchase accounting software to help them with managing their financial records. There is a wide variety of computerized software which assist business owners with several calculations. Using such software can also help to increase accuracy. One such accounting software is Peachtree. The Peachtree Complete Accounting was created in 2011 by Sage software and still remains as a popular choice among small business owners and retailers.

Is Peachtree the right accounting software for your business? Let us find out by weighing the pros against the cons of using Peachtree accounting for your business.

The Pros

  1. Offers an audit trail
    One of the major pros of using Peachtree Accounting is the audit trail that it creates for each transaction. For every transaction that is entered in Peachtree, a record is created. If the business owner reverses a transaction, the software will also capture the reversal. An audit trail is created with the recording of each transaction. With the help of the audit trail, you can review previous transactions and view the activity that happened in a specific account. The audit trail can also be of used when you review customer transactions or prepare for income tax filing.
  2. Simple to use
    Another big advantage of using Peachtree Accounting is the user friendliness that it offers. Several business owners lack technology skills. Peachtree is a software that is so easy to use, that it will motivate small business owners to use it more and more. The process of entering a transaction is simple for a business owner to enter the data. Since business owners will feel comfortable using the software, there is a good chance that they will continue to use Peachtree and tap into the full benefits of the software.

The Cons

  1. The setup is complicated
    One of the cons of using Peachtree Accounting is that it requires the business owner to configure and set up the software for the specific use of his/her business. To successfully configure and set up the software, the business owner needs to decide what features he/she would want to use. The business owner will also need to run the setup wizard for each feature individually on the computer. If the business owner lacks such technical expertise, the entire set up process can be confusing and frustrating.
  2. Plenty of unnecessary features
    Another con of Peachtree Accounting is the huge volume of features that are available. The Peachtree Complete Accounting package includes not one but several modules to manage accounts payable, accounts receivable, inventory, payroll, time billing, general ledger, banking reporting, job costing and fixed assets to name a few. Small business owners only need a few of these features to manage their businesses. For instance, a company that only sells products for cash will not need to manage its accounts receivable, while a business with no employees will not need to use payroll. However, when you buy Peachtree, you will also be purchasing all of these features whether you need them or not.

Do you want to try Peachtree Accounting for your business, but don’t know where to start? We, at Outsource2india can help. Instead of struggling with Peachtree on your own or getting your resources to waste precious hours on it, you can simply outsource Peachtree Accounting. While you focus on your core business, our team of expert accounts will manage your financial accounts with Peachtree. From the set-up to making use of its features, we can help your business make the most out of Peachtree. If you are interested, please read more about our Peachtree Accounting Services.

Did you like reading this post? Did you find the information useful? Which accounting software do you currently use? Do you think Peachtree would be a good choice for your business? Let us know what you think by leaving a comment in the box below. We, at Outsource2india love to hear from you!

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