Compare Sage Peachtree to QuickBooks Accu racy. Sage Peachtree 2011 QuickBook s Similar functionality does not exist in QuickBooks.
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1 Compare Sage Peachtree to QuickBooks Accu racy Sage Peachtree 2011 QuickBook s 2010 Internal Accounting Review Up to 15 checks of your data are performed by the Internal Accounting Review 2 process in Sage Peachtree. These checks look for suspicious transactions and common accounting mistakes and give the user advice on correcting the transactions. Similar functionality does not exist in QuickBooks. Conditional Alerts Alerts can be displayed within Sage Peachtree or sent by to customers, vendors, or employees when certain conditions are met or events occur. Sage Peachtree can automatically notify certain employees through when certain conditions are met. For example, if a customer s balance exceeds a preset amount, an alert is generated. Or if inventory levels fall below a certain amount, an can be sent to the proper employee(s) to reorder. Similar user-defined notifications cannot be set in QuickBooks. General Ledger (GL) Access In Sage Peachtree, you In QuickBooks, you can see always have access to how journal entries behind your transactions are posted to transactions from a report that your General Ledger accounts. does not allow modifications. Features like Accounting Accounts can be selected on Behind the Screens allow you purchases, but accounts to view the journal entries cannot be selected directly associated with transactions from sales orders, invoices, or while you are in transaction purchase orders. screens, such as sales invoices, receipts and purchases. This gives you visibility into how a transaction is being posted on both sides of the GL, and allows you the ability to change any of the GL 1 / 8
2 Analysis Sage Peachtree Business Analytics Assemblies Reporting Security Password Security accounts that the transaction is posting to. In Sage Peachtree, you can QuickBooks no longer ships see how your company is with the Expert Analysis tool performing compared to other which provided similar companies with the new functionality and the tool customizable company (ProfitCents by Sageworks) is dashboard! Get instant access not available as an add-on on to view up-to-date key financial the Solutions Marketplace. trends in order to compare They do not have similar items such as Total Revenue, functionality built into the Gross Margin %, Days Sales product. Outstanding, and much more. Use this tool to improve your business financial health and make critical decisions. 3 Handle assemblies in new Similar functionality does not ways with modules on the exist in QuickBooks. Inventory and Services Management Center. This allows you to customize the dashboard for at-a-glance, detailed information about a specific assembly item. Enables quick research, comparisons, and decisions about complex assemblies relationships. See BOM details, which assemblies the current item is a component of, work tickets for an assembly, and more all at the same time. Secure your company s data QuickBooks does mask from unauthorized access with passwords but only the Admin increased password security can set them. Password options. Strengthen your strength is recommended but password security with new not enforced. customizable options such as automatic password expiration, multiple incorrect password attempts lockout, no repeat passwords, and masking passwords from other users in Sage Peachtree. Maintenance 2 / 8
3 User Security Control Assembly Revision History Purchase Orders Master/Sub-Stock items Work Tickets is easier giving users the ability to change their own passwords without relying on the admin, and requiring strong password compliance. Sage Peachtree multi-user Security settings in products provide you with QuickBooks multi-user screen-level and report groups products (other than access control. Administrators QuickBooks Enterprise) allow can select from over 100 access of only 10 major specific areas to give add, edit, functional areas, but not at view-only, or no access to screen-level and report group each user. access level. Sage Peachtree manages the revision history for the customer so that you can see the entire history of the assembly item, with an audit trail showing who changed it. Sage Peachtree will automatically create purchase orders based on minimum stock levels, re-order quantities, and quantities on sales orders. Sage Peachtree will automatically generate your sub-stock items and maintain them as a group. This is useful when you want to create an item, such as a shirt or hat generically, and then use the attributes of that item (Color, Size, etc) to automatically generate the sub-stock items to produce a line of products. Sage Peachtree allows the ability to build an assembly as a work-in-process. As each piece is complete, that task is marked off the work ticket. When it is finished, an assembly item is generated as ready to sell. QuickBooks will allow you to change the components of an assembly inventory item at any time; however, a revision history is not maintained. Purchase orders can be created manually or from individual sales orders in QuickBooks, but not automatically and not based on stock levels. QuickBooks only allows you to use item classes as sub items which is similar to Peachtree master stock items, but does not support true sub-stock items. QuickBooks does not have work tickets. 3 / 8
4 Costing Methods Order or Sell Using Vendor Part Numbers In-Product Advisor Serialized Inventory Tracking Change Orders Sage Peachtree lets you choose from Average, LIFO, FIFO, and Specific-Unit costing methods. For each item in Sage Peachtree, you can store an internal part number, UPC/SKU code, and vendor part number. You can include these numbers when printing inventory reports from Sage Peachtree. QuickBooks offers only Average costing method. QuickBooks tracks internal and manufacturer part numbers that can be printed on forms, but manufacturer part numbers cannot be printed on reports. The Advisor will assist you in Advisor-like functionality is not pointing out better ways to available in QuickBooks. accomplish common tasks in the program. Learn the best way to work within Sage Peachtree by leveraging our in-product user tips. These tips will help you discover functions or features that will assist you in learning other areas of the product quicker. You may assign serial numbers to specific individual inventory items when creating transactions in Sage Peachtree, and maintain detailed records for tracking, recall, and warranty purposes. Also track the actual cost of each serialized item for more accurate profit measure. Sage Peachtree provides a true change order tracking system that provides needed insight into how job changes impact the bottom line. Track the approver and approval date, updates to the projected end date, and estimated expenses and revenue down to phase and cost code. Change order information is included in Sage Peachtree Jobs reports to provide This capability does not exist in QuickBooks. Change orders can be applied to QuickBooks estimates, but are not tracked to the phase and cost code level. They also do not include approval tracking and do not contribute to analysis reporting that would help determine cost overruns. 4 / 8
5 Inventory Management Center Access Multiple Contacts Customer Management Center Open Multiple Companies analysis of estimated revenues and expenses. Create a customizable dashboard that helps you process large quantities of information about a single inventory item or service at a glance. It enables quick research, comparisons, and decision making. Excellent for understanding quantities, usage, and complex assemblies relationships. See sales orders, purchase orders, back orders, total invoiced, and more all at the same time. Store a virtually unlimited number of contacts per company in Sage Peachtree! 4 The Contacts tab in the Customers screen allows you to keep track of any specific details you want regarding multiple contacts per company. Track more details like multiple contacts titles, phone numbers, address and specify the ship-to contacts Similar functionality does not exist in QuickBooks. Only offers 2 contacts per customer. Create a customizable QuickBooks takes you to one dashboard view of your place but still requires multiple customer s information such as clicks to find the data you their converted and need. QuickBooks places you unconverted quotes, invoices, on one screen with 2 tabs and receipts, time tickets, aged only 1 transactional module on balances, items sold, and each. You have to change much more. Drill down to the settings on the fly to view detail and quickly take action. different sets of information. Get your work done faster by QuickBooks only allows one being able to open multiple company to be open at a time companies within Sage Peachtree at the same time! Open all of your companies at the same and toggle to the company you need without closing your current company. 5 5 / 8
6 Payroll Tax Table Modifications Solutions for Expanding Businesses Industry-specific solutions Better Performance, Lower Cost of Ownership While both Sage Peachtree and QuickBooks offer tax table update subscriptions, Sage Peachtree users who do not subscribe to the service are still able to modify federal, state, and local tax calculations in user-defined tables. QuickBooks users do not have the ability to manually set up or modify tax tables requiring that updates be made exclusively through the QuickBooks tax update service. Sage Peachtree offers QuickBooks offers industry feature-rich solutions for solutions for Manufacturers, companies in industries such Wholesalers & Distributors, as: Manufacturing, Distribution, Nonprofits, Retailers, Construction, Nonprofit and Professional Services, Accounting. These Contractors, and Accountants. industry-specific solutions are designed to help specialized companies better manage operations by handling their specific functionality and reporting needs without sacrificing the strength and flexibility of a robust accounting solution. Sage Peachtree Quantum includes key features and benefits for those customers looking to expand their business. With our exclusive SmartPosting technology, you can experience 2X better performance. 6 Sage Peachtree Quantum also offers options for a 5, 10, 15, 20, 30, or 40 user versions allowing customers to expand the number of users as their business needs grow. 7 And with cost effective pricing, Sage Peachtree Quantum is the ideal solution for companies that want the lowest total cost of ownership. QuickBooks Enterprise does not have SmartPosting technology, and the head-to-head performance testing shows that Sage Peachtree Quantum outperforms QuickBooks Enterprise by 2X performance speed. For more details see the performance test criteria. QuickBooks Enterprise only has the option to expand up to a 30 user version. And the cost of upgrading to a 30-user QuickBooks Enterprise is more expensive than upgrading to a 40-user version of Sage Peachtree 6 / 8
7 Order Process Workflow My Dashboard One solution provider for those with even more powerful needs Quantum. Keep track of all the moving QuickBooks does not offer parts of your order process so workflow functionality nothing gets missed and everything moves along as planned. Have one centralized place to keep track of all process statuses, or just your own tasks and improve daily efficiency of your business with the new Order Process Workflow system in Sage Peachtree Quantum. You can also notify the next person in the process, with a status and specific notes as needed. Based on the user s security access, customize screens in Sage Peachtree Quantum to only show things you do on a regular basis like managing Aged Receivables, or Aged Payables, or Payroll and much more. Mix and match from various functions or make another view that shows only the tasks you need on a weekly or monthly basis you choose! Sage Peachtree Quantum provides a high-performance option for your growing business with support for up to 40 networked users. As you continue to grow, you have the option to remain in the Sage family with an easy transition to Sage MAS. QuickBooks currently does not have a user-based, customizable dashboard QuickBooks Enterprise supports only 30 simultaneous users. Peachtree 7 / 8
8 MBSG provides experts in Peachtree and other Business Management, Software for Inventory Control, ERP, Accounting, CRM, ecommerce, EDI and Business Intelligence. 8 / 8
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