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Essential Business Software: Exploring Microsoft, Accounting Tools, and Key Differences

Businesses utilize a variety of software tools to enhance productivity and manage finances effectively. Essential tools include the Microsoft Office Suite (Word, Excel, Outlook, PowerPoint), and leading accounting software such as Peachtree (Sage), Quicken (Intuit), and QuickBooks (Intuit). Each software offers unique features tailored to different business sizes and needs. Notably, Peachtree caters to professionals with advanced accounting functions, while QuickBooks is designed for small business owners seeking user-friendly solutions. Understanding these differences is crucial for selecting the right software for your business's growth.

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Essential Business Software: Exploring Microsoft, Accounting Tools, and Key Differences

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  1. What software does business use? • Microsoft Office Suite: • Word • Excel • Outlook, PowerPoint, Publisher, Access • Internet Explorer • Accounting: • Peachtree (Sage) • Quicken (Intuit) • QuickBooks (Intuit) • Microsoft Dynamics GP • MAS 90, 200, 500 (Sage) • Oracle, SAP

  2. Accounting Software Use • Peachtree users: • 3.1 million customers in North America - http://sage.com/ourbusiness/sageworldwide • 6.2 million worldwide - http://sage.com/ourbusiness • QuickBooks, about 3.5 million US and Canada • The major differences between accounting software applications include the depth of processing, enhanced features and functions, and the size of the database. • As the database gets larger, the depth of processing increases and more features and functions are available. • As companies grow in size, their accounting software needs change.

  3. Peachtree and QuickBooks • http://quickbooks.intuit.com/qb/components/landing_pages/switcher_center/compchart.jsp • Schools purchase site licenses • http://quickbooks.intuit.com/product/training/students_educators.jsp • http://www.peachtree.com/accountants/switch/ • FREEto schools

  4. Accounting Today says… • While Peachtree and Intuit pretty much share the retail market, they tend to have very different kinds of users. Feature-wise, QuickBooks and Peachtree Accounting are very similar in functional capability. • QuickBooks and Peachtree started off targeting two different kinds of users. Peachtree, which has been available longer, was a direct double-entry accounting system, and was aimed at an accounting or bookkeeping professional who was used to making Cash Disbursement and Cash Receipts entries, as well as dealing with general journal and subsidiary journals. • QuickBooks grew out of a need to supply small-business owners and sole proprietors who were trying to use Quicken to manage their business with a more powerful application more suitable for use in a business environment. • Peachtree started out as a full-blown accounting system, while QuickBooks grew into the role. http://www.webcpa.com/ato_issues/24_8/and-then-there-were-three-54507-1.html

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