ACCT352
Part-1
Section I: Overview
Peachtree is an accounting software program sold by Sage, whose parent company is the Sage Group. The software is geared for use by small- to medium-sized businesses and has progressed through several generations over the years since its conception. Initially, Peachtree was sold by Peachtree Software, a company that was established in 1978. Peachtree accounting software was acquired by the Sage Group in 1998.
When it comes to managing your business, Peachtree accounting software by Sage is one of the most efficient software programs on the market. It can help you keep up with your office books, from payroll to accounting to customer accounts. Peachtree makes life a little easier when it comes to managing your business.
One of the biggest advantages of using the Peachtree software is its age. The original program was written in 1978 and has endured more 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. In its 2010 version, Peachtree Accounting fully integrated analytical software into its features. With this feature, you will be able to compare your company's revenue, gross margins and sales with competitors, see how your company ranks within your industry and view financial trends that are relevant to your business practices.
Peachtree Accounting allows you to open accounts for different companies under the same user name. In other words, if you operate more than one business, you will be able to view each company's financial information and manage all accounts from the same screen. While this seems like a simple feature, most other business accounting programs force you to have completely separate accounts and will not allow you to have them open at the same time.
Peachtree Accounting comes bundled with the Peachtree Automatic Backup program. With this program, you do not have to worry about setting