Unlike many small business accounting products, Peachtree Quantum is designed to be fully compliant with generally accepted accounting principles (GAAP), with features and checkpoints that provide the accuracy and security to run your business with peace of mind.
REAL, DOUBLE-ENTRY ACCOUNTING FOR ACCURACY AND CONTROL
Double-entry accounting provides for accounts that are accurate and in balance. Sage Peachtree Quantum customers retain control over the bookkeeping process through the use of Accounting Periods and G/L Accounts. In Sage Peachtree Quantum, each accounting period (usually a calendar month) can be locked so that the administrator can select who can edit transactions in prior periods.
ACCOUNTING BEHIND THE SCREENS
When customers select the Journal button in various task windows, Sage Peachtree Quantum displays the corresponding journal entries in the Accounting Behind the Screens window. These are journal entries Sage Peachtree Quantum records when saving a transaction. Users can modify the journal entry by changing the account IDs for each distribution listed in the transaction. This gives them visibility into how a transaction is being posted on both sides of the General Ledger, and allows users the ability to change any of the G/L accounts that the transaction affects.
INTERNAL ACCOUNTING REVIEW
Up to 15 checks of your data are performed by the Internal Accounting Review process in Sage Peachtree Quantum. These checks look for suspicious transactions and common accounting mistakes correcting the transactions.
AUDIT TRAIL REPORT
A key component of this solution’s internal control structure is an always on audit trail. With the audit trail, Sage Peachtree Quantum can maintain a record of details associated with every transaction. Some of the information maintained in the audit trail includes who entered a transaction and when; who changed a transaction, when the change was made and what the change was; and who deleted a transaction and when. In addition, the audit trail tracks when each user logs on and off the system and what additions, changes, and deletions were made to master file information. Reviewing the Audit Trail Report is a key internal control measure as it allows business owners and senior managers to monitor each employees activities within a Sage Peachtree Quantum data file.
CASH FLOW MANAGER
Easily analyze and forecast your cash flow with the use of the cash flow management tool. You will have the ability to know whether or not you will have enough cash to meet current and upcoming financial obligations by managing your cash flow from one location. Additionally, you will be able to export cash flow forecasts into Microsoft Excel or run what-if analysis transactions to see how purchases will impact your cash flow.
PEACHTREE ONLINE BILL PAY
Use a simple two-step process to pay your bills electronically. With this service, theres no need to write checks, stuff envelopes, apply postage, or copy invoices. Plus, you can improve cash flow management by scheduling the exact day when money is transferred from your account for more accurate payables processing and reconciling. And there is no limit on the number of vendors you can pay. Put down the checkbook and go back to running your business its a great way to save time, money and trees!
EASILY CONVERT FROM QUICKBOOKS ®
Use the QuickBooks Conversion utility to convert from QuickBooks versions 2005 – 2008, Basic through Enterprise.