Sage 50 (Peachtree) Accounting Software Installation: Features & Benefits

Sage 50 (Peachtree) Accounting Software Overview

For the continued success of a business, it is a necessity that the business possesses an exhaustive accounting organization. To attain the best services for accounting procedures, the user would require the best tools that are utilized in the field. You might ask what would such a tool be!

The answer is Peachtree Accounting Software. It is one of the best accounting software sought to streamline the accounting and financial operations of businesses of all sizes and industries.

Peachtree which is a Sage product offers advanced features and tools that simplify complex finances and make business management a cakewalk. The user can also strategically plan the company finances and develop compendious financial reports that itemize inventory & expenses.

Furthermore, helps to save time and money by managing clearly and/or organizing the financial assets of the business.

What is Sage 50?

Sage 50 is described as an easy-to-use desktop accounting platform for small enterprises. That said, the system is designed to be scalable to operate in a large business accounting environment. It covers a variety of basic accounting features such as Accounts Payable and Accounts Receivable; Bill payment and cash flow management. Apart from all these, the Sage 50 also boasts faster processing. Sage 50 performs industry-specific functions and can be accessed by up to 40 users simultaneously. The Sage 50 platform delivers an advanced accounting tool set. This includes inventory management and model-level security. In this, you can also do payroll services and additional options for credit card processing to make your financier convenient.

Major Functions of Sage 50 (Peachtree)

Here are some of the major functions of Peachtree:

• Imputing the software into the business is to make the business financially lucid and efficacious, and; to concisely manage with simple tools.
• The software enables the user to run businesses efficiently and with

Benefits of Sage 50 (Peachtree) Accounting Software

Below mentioned are the highlights of the Peachtree accounting software.

1. Easy Setup:

Peachtree now comes with a very easy and quick setup process. All you need to do is follow on-screen instructions and an easy setup guide which includes customers, company information, vendors, employees, a chart of general ledger accounts, inventory or service items, and security, etc.

2. Simple and Easy-to-Use Software

Simple and Easy to Use Software is a very user-friendly software. The owners may lack accounting information and may be immature in how calculations should be done. Here, it helps you in understanding, accounting and transactions are also made easy by this software.

3. Affordability

Peachtree is a very cost-effective solution to all your accounting needs. The accessibility of its features is completely dependent on the version that you have chosen for the business.

4. Functional Features

Peachtree is very much loaded with various functional features that allow its users to issue and receive invoices to and from its customers, easily handle and receiving of payments, you can easily enter payables to its vendors, give salaries to its employees, print checks, track and manage expenses, enter journal data and entries, and there is so much more.

5. Accords Audit Trail

Accords Audit Trail For all transactions, there is an audit trail created by Peachtree. Each and every transaction that has an entry in the Peachtree, makes a record of all transactions and entries. Then, an audit trail is created for each and every transaction. This trail helps the user to review all past transactions or the user can also go through the activities related to a particular account

Advanced features of peachtree accounting software

• IFS Financial Statement Customization: Did you know that you can create IFS-compliant financial statements in Peachtree (Sage 50) Accounting? Ok, now that you know the financial details of Peachtree (Sage 50), can be adapted to prepare a Statement of Comprehensive Income, Statement of Cash Flows, and Statement of Changes in Equity.
• Company Consolidation: Not many people know that group companies can use Peachtree (Sage 50) accounting, with Peachtree (Sage 50) accounting, the financial statements of various companies can be consolidated for the parent company.
• Recurring Transactions: Do you know that you can also postfixed monthly adjustments, such as prepaid rent and depreciation?
  The recurring system helps in posting all these types of transactions on selected dates.
• Designing of Forms: Forms like Receipts, Payment Slips, etc. should be redesigned as per your wish.
• Electronic Invoicing: In this, you can send invoices directly to the customer or the customer’s email with just one click.
• Payroll: Peachtree (sage 50) accounting can be used to prepare a comprehensive payroll or payslip. You will be happy to know that Peachtree (Sage 50) can be configured to generate payroll and payslips. Hence, at the last of the month, payroll is prepared and posted in normal mail with about 5 clicks.
• Currency: Did you know that in Peachtree (Sage 50) you can also convert foreign currency symbols to Naked (Nigerian Naira)?
• Project accounting: You can use Project Oriented Organization Pachhatri (Sage 50) to manage accounts and taxes incurred and revenue earned on various projects.
• Not many users know that the Peachtree (Sage 50) can also be configured to work with devices such as barcode scanners. This enables pharmaceutical companies and chain stores to enjoy the use of Peachtree (Sage 50).
• User Securities: Do you know that the users of Peachtree (Sage 50) Accounting can be managed by accessing certain levels? In this, users can also manage ledgers and transactions by deleting or editing them.
• Serialized & Assembly Items: If a company sells items that have a unique identification number, such as a vehicle number in an automobile. The serialized feature of Sage 50 helps a lot in the purchase and sale of similar items and in the evaluation of staff.
• Credit Control: Do you know that in Peachtree (Sage 50) you can set a credit transaction limit? Peachtree (Sage 50) accounting can consider any transaction that exceeds a limit.
• Amount Limitation: With the new Peachtree (Sage 50) accounting, the problem of 9 digits i.e. 999,999,999 coming in the old Peachtree has been solved. Peachtree (Sage 50) can now accept more than 12 digits in the amount column. This is one of the features that you must have after a complete implementation of Peachtree (Sage 50) Accounting.

Peachtree Accounting Software Versions

• Peachtree Pro version: bags all basic and technical functions and it is very economical in comparison with other Peachtree versions.
• Peachtree Complete Version is, in general, catered to handle small businesses and it can, very efficiently, handle all the tasks.
• Peachtree Premium Version consists of various functional and technical features like advanced budgeting and many other tools.
• Peachtree Quantum Version is, in general, designed to handle manufacturing industries and caters to corporate books also. Quantum supports various functions for huge businesses and accountants.
• Peachtree Accountant Version generally caters to small businesses and startup businesses. You can easily understand and perform all accounting procedures with the help Peachtree Accountant Version.

Installing Peachtree Accounting Software

In order to install Peachtree accounting software, the user will have to choose between either a multi-user or single-user system.

1. In case the user installs the multi-user version:

• Run the installation program on the server
• The installation program consists of the data files of the company.
• The user needs to install the program on all desktops that can gain access to the company’s shared database.

2. In case of installation of a single-user version:

Simply install the software on the PC that contains the program & data files.

Installation Process Peachtree

• Insert the optical disc in the drive and wait for the autorun Choose “Install Peach Tree Accounting.”Follow the instructions on the screen to disable the firewall temporarily.
• Then choose “Next” in case the program is displayed on the screen with instructions on/related to the firewall.
• Select “Yes” to install a single-user version and click “Next” once again.
• Tap or click “Browse” to adjust the location where the files will be installed or accept the default
• Review file locations in order to confirm they are correct.
• Choose “Install” to start the installation.
• Select “No” to install a multi-user version. Select “Yes” when asked if you are going to store
• After more procedures, Select “Next” and “Finish” to complete the installation.

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