Accounting Systems Comparison: QuickBooks, Peachtree/Sage 50
As with many other industries, accounting is “going online”. This is especially true for small to mid-sized companies. Fortunately, there are several software solutions on the market which are designed to simplify online accounting processes for startups and small businesses. QuickBooks, and Sage 50 (previously branded Peachtree) are two such applications. Following is a brief comparison of these two software solutions.
QuickBooks
QuickBooks’ parent company originally launched a software solution to assist with personal financial management. They soon recognized the need to offer a similar solution for small business owners. Today, QuickBooks is recognized as an essential tool to aid small businesses with their financial management. QuickBooks allows users to track their income and expenses, record bank information, organize tax-related information, and back-up data for business continuity planning. QuickBooks also provides some versioning on the basis of business attributes such as General, Wholesale, Retail, Not for Profit, or Contractual. They offer programs for Accountants and Professional Services as well.
Sage 50
Sage 50, previously known as Peachtree Accounting, is another business management software program. Like most accounting software designed for small to mid-size businesses, Sage 50 also provides options for different business sizes, such as an entrepreneurships, small to mid-sized business, and a large businesses. Sage 50 accounting solutions include:
Routine accounting and bookkeeping work, such as cash flow, payments and collections
Insights for areas like cash flow management and benchmarking
Explanations on key metrics
Inventory tracking and purchase planning
Sage 50 solutions also offer system options on the basis of whether a business requires a full-time, dedicated, fully integrated accounting system; or one that is client or project dependent; or one that requires payroll management and necessitates the creation of budgets.
Snapshot: Comparison
QuickBooks and Sage 50
Simplified and accurate financial management option, and offers significant support for bookkeeping and accounting functions such as batch entries, which save time for small businesses > Simplified and accurate financial management options. Reliable management features and multiple inventory management methods for web-based accounting
User-friendly navigation system; considered top cloud-based financial application
Logical, easy-to-track workflow and reporting features
Inventory functionality is limited, and the program poses some integration problems; however, it integrates smoothly with most third party applications
Robust options, although the inventory management is single location defined
No matter which solution you choose, a reliable accounting system will assist you in running your business more effectively.
For more details Please Call 971 4 3514547 / 971 551070244 or Email us at rockford@eim.ae or murtuza@rockfordcomputer.com
QuickBooks
QuickBooks’ parent company originally launched a software solution to assist with personal financial management. They soon recognized the need to offer a similar solution for small business owners. Today, QuickBooks is recognized as an essential tool to aid small businesses with their financial management. QuickBooks allows users to track their income and expenses, record bank information, organize tax-related information, and back-up data for business continuity planning. QuickBooks also provides some versioning on the basis of business attributes such as General, Wholesale, Retail, Not for Profit, or Contractual. They offer programs for Accountants and Professional Services as well.
Sage 50
Sage 50, previously known as Peachtree Accounting, is another business management software program. Like most accounting software designed for small to mid-size businesses, Sage 50 also provides options for different business sizes, such as an entrepreneurships, small to mid-sized business, and a large businesses. Sage 50 accounting solutions include:
Routine accounting and bookkeeping work, such as cash flow, payments and collections
Insights for areas like cash flow management and benchmarking
Explanations on key metrics
Inventory tracking and purchase planning
Sage 50 solutions also offer system options on the basis of whether a business requires a full-time, dedicated, fully integrated accounting system; or one that is client or project dependent; or one that requires payroll management and necessitates the creation of budgets.
Snapshot: Comparison
QuickBooks and Sage 50
Simplified and accurate financial management option, and offers significant support for bookkeeping and accounting functions such as batch entries, which save time for small businesses > Simplified and accurate financial management options. Reliable management features and multiple inventory management methods for web-based accounting
User-friendly navigation system; considered top cloud-based financial application
Logical, easy-to-track workflow and reporting features
Inventory functionality is limited, and the program poses some integration problems; however, it integrates smoothly with most third party applications
Robust options, although the inventory management is single location defined
No matter which solution you choose, a reliable accounting system will assist you in running your business more effectively.
For more details Please Call 971 4 3514547 / 971 551070244 or Email us at rockford@eim.ae or murtuza@rockfordcomputer.com
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