Accounting > Peachtree and Quickbooks

Accounting software: Peachtree vs. Quickbooks

Two of the major competing brand names in accounting software today are Peachtree program and Intuit’s Quickbooks program. As readers have probably followed along as these two programs receive their fare share of praise, it may be somewhat difficult to make a final decision on which program to actually go with when going to purchase an accounting software program and implement it as the accounting solution to your small business or large enterprise.

While the two programs are in many ways quite similar, there are various significant differences which may turn the inclinations of certain users one way or another. Features that might be beneficial to one type of business are may be less important to another potential user, making it important to know which accounting software program is really the right one to buy.

Therefore, the following comparisons are drawn out to help the user decide what he or she needs to best suit the unique needs of the business for which the accounting software is being purchased.

One of the most striking differences between Peachtree and Quickbooks is the feature of solid – or “fixed” – asset management. What this means for the accounting software program is a comprehensive index of a small businesses’ or large company’s entire level of capital (i.e. supplies, machines, building space for offices, and account holdings). By maintaining this powerful accounting feature, businesses are then able to take stock of their worth as it relates to profitability.

Peachtree features an excellent version of this feature, while Quickbooks provides a slightly less effective solid assets component. It is important to remember, however, that while this feature can be useful for certain types of organizations, many business owners may end up not using it.

In terms of most other aspects of accounting software, both Quickbooks and Peachtree ranks similarly. While Peachtree is extremely user friendly, so does Quickbooks present time tested familiarity and ease of use in its business accounting software.