Peachtree fund accounting software

By basic system, I mean one can't do allocations, fund accounting and other non-profit related requirements. This gives you almost total flexibility to manage your organization's finances in any way you want. My only pet peeves - none of which are deal-breakers - are: - Lack of drill-down capabilities straight from the reports. In QuickBooks, you can just double-click on the figure and get a detailed report of the details behind it.

In MIP you are forced to run a separate Transactions report. The information can still be obtained; it just takes longer. This is another basic report that even Quickbooks has. It's very important when you're analyzing your historical results. There are no examples whatsoever. You need to know the system already in order to understand what the manuals mean to say. But the report doesn't tell you that code is for employee "John Do", Program is "Advocacy," and Program is "Shelter".

You need to run a separate Chart of Accounts report and then do vlookups. This should be a really easy thing to code into the package. The Saas version makes it easy to implement and easy on the IT department they don't have to do anything.

It also makes it easy to access from anywhere. We moved from Blackbaud because their system was so clunky and I couldn't get financials out of it easily. With Abila, it's very easy to run a variety of financials that I can tailor to my needs. It's also very easy to drill down not from the financial reports to find the detail I'm looking for with links to supporting documents i.

The financial reports are a bit limited in terms of showing groupings of departments without being able to show the total on the same report. It can't do monthly balance sheets on one report. The wait time for calling into their help center is still unacceptable hold times of no less than 30 minutes. The key benefits of financial management systems are clear: Better visibility of costs and expense management, improved inventory tracking, and real-time purchase orders, which leads to more financially responsible decision-making.

In addition, systems can generate financial reports in a variety of ways to summarize this information cleanly for the right audience.

For example, nonprofits can generate reports specific to a particular grant provider, detailing exactly where every cent of the funding ended up. This allows an organization to be accountable to investors, donors, and lenders, maintaining trust and avoiding financial damage.

These systems also allow companies to ensure compliance with reporting standards and federal requirements. There are a number of issues that should be avoided when selecting a software solution. Buyers in certain vertical industries must make sure the appropriate modules are included in the system they purchase. For example, engineering firms and construction companies should choose a system with a project accounting module. Another issue is a company's rate of growth; the buyer should consider how fast the company is growing at the time of purchase.

This way, the company will not grow out of a system immediately after investing considerable time and funds in the selection and implementation processes. Software-as-a-Service SaaS. SaaS, or cloud accounting software, is picking up speed as buyers realize the advantages of lower upfront costs and quicker implementation time. Mobile apps. Mobile applications are gaining popularity across the board, and accounting is no exception.

Check to see how each vendor is innovating on this front and ensure their mobile app is compatible with the Android or iOS devices you use. Increased specialization by industry. Increasingly, consumers are demanding more industry-specific features, and vendors are listening.

Make sure to keep a lookout for features that fit your particular industry when investigating tools and solutions. Business intelligence. Interest in business intelligence is on the rise. Business intelligence takes massive amounts of data and organizes it into reports designed to support business improvement. Many vendors are now integrating business intelligence into their ERP accounting and financial management systems. Note: The applications selected in this article are examples to show a feature in context and are not intended as endorsements or recommendations.

They have been obtained from sources believed to be reliable at the time of publication. Software Advice uses reviews from real software users to highlight the top-rated Accounting Software products in North America. Get Advice. More Accounting Software. Other Software. Sort by:. Price Demo Learn More.

Price Watch Demo Learn More. Sage Intacct Sage Intacct is a provider of cloud-based financial management and accounting software. Striven Striven is a cloud-based enterprise resource planning ERP solution suitable for many industries and organizations of all sizes.

PBS Accounting PBS Accounting is robust professional level accounting software that fits a wide range of businesses and grows with your company. QuickBooks Online Advanced QuickBooks Online Advanced is a cloud-based accounting solution that helps small to large enterprises manage expenses, projects, invoices and more. Asset Asset is an on-premise and cloud-based fixed asset accounting solution for small, mid-sized and large enterprises.

FreshBooks FreshBooks takes billing out of your hands and puts it on autopilot. Emburse Certify Expense Emburse Certify Expense effortlessly streamlines your operations through automation and superior customer service. Blackbaud Financial Edge NXT For nonprofits and government entities seeking a powerful, user-friendly financial system, industry leader Blackbaud offers Financial Edge NXT, a scalable, intuitive solution that manages funds, grants, HR, projects and more Pilot Pilot is a cloud-based accounting solution that assists small to medium-sized businesses with financial reporting and cash flow analysis.

ExpensePoint ExpensePoint is a cloud-based solution designed to help small to large businesses automate employee expense reporting. Adaptive Planning Workday Adaptive Planning, founded in , provides a web-based system for budgeting, forecasting and reporting.

View all products. Popular Comparisons. Buyers guide Last Updated: January 14, A comparison of top accounting solutions What does accounting software cost? Overview of accounting features What type of buyer are you? Benefits and potential issues Market trends you should understand What is accounting system software?

Most accounting software options offer a core package that can handle the following accounting tasks: General ledger Accounts receivable Accounts payable Bank reconciliation Payroll services Financial reports Spending statistics in Quicken These systems occasionally come with specialized functionality for particular business sizes such as the self-employed or freelancers, small businesses, or enterprises.

A comparison of top accounting solutions There are many popular accounting solutions on the market, and it can be hard to know what distinguishes one accounting software product from another and which is right for you. Sage 50 Notes: Not to be outdone by the idiocy of previous versions, the release of this product sinks to new lows. This release finally ships with the PSQLv11 Workgroup Engine, but Sage developers have taken some strange steps within their code for which workarounds may no longer be available.

Apparently, this release attempts to update the PSQL license key every 28 days, and if you attempt to switch PeachTree to a faster and more secure Server Engine, they assume that the software is pirated and shut it down. One user who tried this kept getting messages about a problem with activation, and even though she tried to reactivate, it continued to fail.

This is likely due to the security of the server name, which requires a username and password to alter the server's configuration and licensing.

Instead of prompting the user for credentials, it just fails. If you need the security or performance of the Server Engine, you'll likely have to contact Sage and open a support ticket to see if they can address this issue.

If you are running other PSQL-based applications with Sage 50 , you may need to host the other applications on a different server, and pay for additional licenses. Again, feel free to contact Sage with any complaints about these issues. They do NOT recommend nor promote direct access to the database itself, as this can violate Sarb-Ox regulations and get some companies in hot water.

If you are NOT an application developer and you just want access to the database, then Goldstar Software can help. If you are a software vendor and would like to add, remove, or modify your information on these pages, we'll be happy to oblige. Simply contact us directly!

SQL 7. EMail: Sales goldstarsoftware. Goldstar Software Inc. Offering invoices, project schedules, overhead costs, project costs, and construction payroll, Master Builder has long been a preferred construction management software that helps a business achieve higher efficiency, organization, and structure.

The software was created in the early s by a former general contractor looking to run his business more efficiently. There was a lack of presence in the construction software market—letting Master Builder become a preferred option for bookkeepers and accountants with construction clients. Due to the success of the solution, it was eventually bought by Intuit the developers of QuickBooks in By , Sage Software stepped in and would eventually rename the software to Sage Contractor.

The solution today provides any and all construction related financial capabilities, such as job cost and construction reporting. This includes vendor lists, payables, and worker compensation reports. It also has some light project management functions which work great for the intended market of small to midsize businesses.

It remained the fund accounting staple in the Sage family of software solutions until when the nonprofit solutions division of Sage was purchased and rebranded to Abila. The solution is no longer considered to be a Sage accounting software. Abila MIP Fund Accounting still provides all the needed nonprofit accounting tools that businesses used when it was back with Sage. The solution is highly scalable and can grow and change as you develop more human capital management and payroll changes.

Abila also provides association management and a fundraising CRM tool—allowing you to have a complete suite of products to round out your nonprofit operations.

Peachtree was one of the first business software made for home computers back in A variety of acquisitions over its first few years of existence catapulted it as a leading accounting software by The software was acquired by The Sage Group in and remained under the Peachtree name until Peachtree is now known as Sage 50cloud , or simply Sage 50c.

Today the solution thrives as a top cloud accounting software that provides the reliability of a desktop system.