Disclaimer: Please note this article is not financial advice. The purpose of our blog is purely educational, so please consult a professional accountant or financial advisor before making any financial decision.
What is Peachtree software? Now called Sage 50cloud, Peachtree is one of the most popular bookkeeping and accounting software in the market. It was designed to help small and medium-sized businesses manage their financial records, streamline accounting processes, and enhance financial transparency. Sage 50cloud offers numerous features and benefits, making it an attractive choice for businesses of different sizes and industries.
In this article, we will look at five of the most compelling reasons to invest in Sage 50cloud/Peachtree. From invoicing to its advanced reporting capabilities, we will explore how Sage 50cloud can help make bookkeeping and accounting more efficient and effective for your business. Let’s begin!
1. Sage/Peachtree’s Bookkeeping Features
Don’t worry about inaccuracies in bookkeeping, as automation is on top of Peachtree’s features. You will be sure that the details are all correct because they’ll come straight from the source: the numbers are recorded not by manual input but through integrations, bank connections, and optical character recognition tools.
Through Sage 50cloud, you’ll have visibility on employees’ rendered time, payroll details, and project management specifics. If you are in the ecommerce world, your business inventory matters a lot because you need to know the stock of each product; Sage 50cloud has inventory management, too.
Since Peachtree offers real estate and construction-based bookkeeping and accounting, business owners in these industries will know their complete building and labor costs through the help of the software.
The tool is connected through the cloud, so you can be sure of data security and robust functionality. You can manage your books through the desktop version, or you can also use a mobile device on-the-go.
2. Assistance for Everyday Accounting Tasks
Because your books are constantly updated, and you can ensure that the details inside are correct, your accounting and financial analysis will be easier. The continuously updated software dashboard will give you a complete view of your financial health.
Through the Peachtree bookkeeping software, you can generate different kinds of financial reports like balance sheets, cash flow statements, income statements, and shareholder’s/owner’s equity statements. You can also check the specifics like sales taxes, expenses, profits, and more!
If you want to see how business will go in the following months, quarters, or years, you can utilize the data to run a financial forecast. The reports you’ll get can guide you for advanced budgeting, planning, and making objective business decisions.
Peachtree also allows unlimited users, letting you and other key members of your team update and view these vital reports.
3. Peachtree Accounting Software Invoicing
Invoicing is a task that will help you maintain a healthy cash flow as it ensures that you’ll receive payments from customers and clients on time. Peachtree allows the creation and sending of professional invoices online. It also assists you in converting quotes and estimates automatically into invoices. Because everything is computerized and all the details and data needed for the invoice are in one place, you can send invoices in seconds.
These e-documents include a “Pay Now” button to make it easier for clients to settle their financial obligations. When you have regular transactions, you can also schedule invoices to be sent automatically on Sage 50cloud, resulting in timely payments.
4. Peachtree Software Human Resource Management
Peachtree is on par (or even better) than the many bookkeeping and accounting software available today. What makes it shine above others is its human resource management capabilities. Sage 50cloud goes above and beyond, offering all of these within the tool:
- Remote human resource management
- Posting company updates and engagement communications
- Saving employee records in one place
- Scheduling features, including recording employee shifts, rest days, sick leaves, vacation leaves, and holidays
- Approval of vacation requests through email and Slack integration
- Individual and team performance management
- Acquisition and creation of peer-to-peer, top-down, and employee-to-management feedback
- Employee expenses tracking and reimbursement (if any)
- Visibility on recruitment
- Compensation management
5. Industry-Specific Bookkeeping and Accounting
Sage 50cloud has features that explicitly assist individuals in the construction, real estate industry, and ecommerce industries!
The software has Sage Intacct Construction, a feature for construction and real estate bookkeeping, and accounting. It also has the Sage 100 Contractor which is mainly to help contractors and subcontractors to check job costs, project details, budget proposals, biddings, and anything finance-related. It also helps in accomplishing payroll, billing, and lien waiver creation.
Peachtree, through the Sage 300 CRE, is also a reliable tool for homes that are already built. It has a Commercial Real Estate (CRE) management feature that makes it easy for property managers to check details about their finances.
On top of this, Peachtree is also a go-to for many ecommerce sellers because of all the features mentioned above. From inventory, invoicing, sales taxes, and more, Peachtree has got any online seller’s back when it comes to bookkeeping and accounting.
Partner With Unloop!
Sage software offers an all-in-one solution for bookkeeping and accounting needs, with features designed to streamline accounting processes and enhance financial transparency. Overall, Sage 50cloud, formerly Peachtree, is an attractive choice for businesses of different sizes and industries that want to improve their financial management.If you are looking for a team that can help you manage your finances, from bookkeeping, payroll, taxes, accounts payable, and forecasting, we at Unloop have you covered! Give us a call now so that we can discuss our offers in detail.