When Do I Need Advanced Features in My Accounting Program?

There are some features which are common to all Peachtree software items. Even the simplest program (Peachtree First Accounting, the 2008 edition), can do all your simple accounts payable functions, invoicing and receiving payments, maintain an account register, create financial statements and credit memos, track inventory items and customize your own reports within the recorded information.

Much as this list seems exhaustive, there are other Peachtree products which provide five times the functionality -- with no exaggeration! If you are setting up with Peachtree and wondering what functions you'll need for your business, today we go through some of the common reasons to upgrade your Peachtree software.

Payroll

If you have employees, you will be required by law to keep accurate records of their hours worked, tax paid, etc. If you have any more than one employee, you will definitely want to computerize the process! Peachtree software products have quite a few payroll functions which automate the difficult process of matching employee pay requirements to legislation. Your other accounting functions will integrate better with your payroll if you use a program from the same family.

Job/Project Tracking

This function is perfect for businesses in architecture, construction, and similar industries. Any business that typically has one (or only a few) large projects at a time, each utilizing a lot of materials and labor and creating a big return, will want to use the job/project tracking function to keep track of how things are panning out, budget-wise. This function is included in every Peachtree software project other than First Accounting.

Online Bank Reconciliation

This is a very handy software feature for many businesses to have, but especially good for larger businesses where automation is key to being profitable. The online bank reconciliation takes a lot of the manual work out of an essential accounting task.

Unlimited access to support

If you have multiple people working on your Peachtree software product and each is learning, when something goes wrong it can be incredibly hard to track what has happened! Unlimited access to support is only available with Peachtree's premium product Quantum Accounting 2008 edition.