Compare Peachtree vs. QuickBooks. See pros and cons of Peachtree vs. QuickBooks and easily decide which accounting software is right for you.
There are several battle blogs we’ve worked on in the past that pit popular accounting programs against each other. This one is slightly different. What’s unique about this particular battle is that we’ll be comparing one of our usual champs, QuickBooks, against an old player called Peachtree.
Now, for those of you who may not be aware. Peachtree is basically Sage 50. The application just got renamed. Though Sage doesn’t market the Peachtree version anymore, it remains a popular option, despite the fact that it’s technically outdated.
So, if an outdated program is still being downloaded or purchased, there must be something about it right? Well, we definitely think so and that’s why we’re going with “Peachtree Vs. QuickBooks”, as strange as it might sound.
So, let’s begin the battle of Peachtree Vs. QuickBooks.
Peachtree Vs. QuickBooks Accounting Software Comparison
Both programs obviously do share certain features. This includes accounts payable, general ledger, accounts receivable, and double-entry accounting.
QuickBooks comes with something called a “Collection Center” that simplifies invoicing and offers additional invoicing capabilities such as batch invoicing, which can be quite useful if you want to prepare invoices for a single group.
QuickBooks also offers top-notch integration capabilities. For instance, you have Yahoo and Gmail integration, along with online banking integrations as well. This can simplify your work significantly. Other than that, you even have something as thoughtful as industry-specific templates with automated data entry for your reporting needs.
Peachtree, on the other hand, offers a year-end close process. Along with that, you also have the ability to keep 2 years open simultaneously in order to make your year-end adjustments before closing. This is something that is lacking in QuickBooks. But, QuickBooks offers an alternative, which is the ability to password-lock your data before a set date.
Peachtree has an inventory that’s compatible with LIFO, FIFO, and average in both, the Pro and Complete versions. The Quantum and Premium versions take it one step further by including serialized inventory.
QuickBooks is compatible only with average costing. However, you can get more by upgrading to the Enterprise version. But, even here, you’ll need to include the additional inventories as a paid add-on. The fee isn’t one-time and needs to be paid annually.
With the add-on, you can get serialized inventory, FIFO, and various other options, along with locations for the inventory as well.
Peachtree also offers top-notch options in terms of form and financial statement customization as well. There is even a customizable dashboard that offers insights related to job costing and business. This is another that’s lacking with QuickBooks.
Organizational tools such as MS Word, MS Excel, email alerts, and customized reporting are also available with Peachtree.
But, Peachtree’s reports, according to experts, are a bit more traditional than what you find in QuickBooks, which has an unconventional approach to reports. However, it ultimately boils down to user preference when the functionality aspect of things comes into play.
Now, in terms of features, it seems pretty clear the Peachtree wins this round of Peachtree vs. QuickBooks. But, QuickBooks has a secret weapon – it works on Mac and Peachtree doesn’t. So, if you’re PC user, you’re better off with Peachtree in terms of the sheer number of features available to you.
But, if you’re a Mac person, you have no option but to work with QuickBooks.
In terms of usability, Peachtree has, in the past, always aimed to serve those with a background in accounting and finances. QuickBooks, however, has always been associated with the terms “user-friendly” or “intuitive”.
Now, this might suggest that Peachtree is a more serious and purposeful product while QuickBooks is more “common user” oriented. However, this isn’t completely true. QuickBooks is simply focused on being as user-friendly as possible without compromising on the actual usefulness of the product.
For instance, the New User Setup in the Pro version helps new users enjoy a trouble-free transition. There are detailed steps to guide new users and the feature even automates tasks such as importing contacts from other programs.
In fact, QuickBooks is so user-friendly that the latest iteration of Peachtree, renamed as Sage 50, has attempted to recreate this level of user-friendliness. The program boasts of a feature called Sage Advisor that uses animated tutorial videos and other content to help users understand the basics of the program. The feature serves as a supplement to existing Sage Support Resources, as well as its Knowledge Base and User Community.
However, that’s just the new iteration of Peachtree and we aren’t comparing that, are we? We are looking at Peachtree and truth be told, it’s a very rigid and dull interface. So, if we had to vote purely on the basis of usability, the victory in this round of Peachtree vs. QuickBooks would go to QuickBooks. It is an easy-to-use program with a very short learning curve that can be overcome easily.
Irrespective of the size of your business, accuracy is very important when it comes to tracking financials. The same goes for reporting as well. Nobody wants a program that compromises on high-quality reporting, accuracy or intuitiveness.
Fortunately, neither Peachtree nor QuickBooks lacks any of these.
QuickBooks boasts an advanced and intuitive invoicing system on both versions while the Premier version even comes with the ability to track multiple categories of data within a single report. There is also, as we mentioned earlier, batch invoicing.
Other than that, QuickBooks has features that are regularly updated and can easily stay on track with the latest trends. This includes the features necessary to boost online integration capabilities. You can even connect your online resources to QuickBooks Sync via Intuit’s servers to create a smooth flow of information.
Peachtree, however, is made for small businesses. It offers top-notch customization and does a great job of managing functions such as volume pricing, vendor reports, and workflow analysis. The Complete and Premium versions also allow users to monitor cash flow and provide notifications via email when the inventory gets too low.
There is also an Internal Accounting Review feature that detects accounting errors, which is very useful for amateurs.
Though both programs are quite robust, we are going to go with QuickBooks on this one. Why? Well, it’s really simple. Peachtree doesn’t exist anymore and even if you did get your hands on it, it’s ideally meant for small businesses. QuickBooks is for everybody and its way more user-friendly.