QuickBooks vs. Peachtree, Which One is Right for You?

Oh The Choices!

QuickBooks holds 89% of the small business accounting market in the U.S. But we can’t forget about Sage’s small business product, Peachtree. They both have their strengths and weaknesses, so let’s dive right in…

Peachtree strengths:

• Stronger inventory management
• Job costing capabilities
• Over 140 customizable reports
• Work flow management
• Scalability/multi-user performance
• Through GAP checks for duplicates and suspicious activity
• Can accommodate up to 40 users, 10 more than QB

QuickBooks Strengths:

• Attractive and very easy adoption
• Accountant Copy Capabilities
• Multi-Currency
• E-Store/E-Commerce Integration
• Online SaaS option (QuickBooks Online)
• Very nice Point of Sale option
• More third party add ons

Conclusions: QuickBooks is great for service-oriented businesses; inventory control is where it falls short. Peachtree has the market on that. QuickBooks only works in average costing; Peachtree can manage inventory by LIFO, FIFO, serialized and average costing. Pricing for both products is very close. QuickBooks is overall more attractive and easier to use, and they have a Mac version. QB also has an online version that is VERY affordable, but limited and more appropriate for home finances. Both products are dependable and excellent.

For the full comparison, download this Whitepaper.