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Sage 50 vs Quickbooks aka PeachTree

sage 50 vs quickbooksI have a couple of colleagues who are huge PeachTree fans which, come to find out is apparently now Sage 50. Does anyone have insights into the meaningful differences of QuickBooks vs PeachTree aka Sage 50? We're a small remodeling contractor and have used QuickBooks forever. At any one time we have about 6 projects going and 25-30 people (field/admin).

Answers

(Agent, JKS Solutions, Inc.) |

If you are a contractor then you have job costing needs. Your main concern will be in the ease of building estimates, transition to billing, time tracking and costing for sub contractors. If Quickbooks and its apps and third party tools is doing a great job for you, then its fine to stay with quickbooks. You may consider Method CRM Field Services module that is an option for job costing, multiple field employee logins, time tracking. It does not integrate to payroll but you can upload a file to your payroll system. Method will send job information to QB billing.

Personally I never liked Peachtree but if Sage acquired it perhaps it has a certain value. I believe that Sage sells Timberline under a new name. Timberline is contractor specific.

The number of employees you have tells me a couple things:

You need to review the potential value of Method because method can be customized to bypass the license seats for Quickbooks users by creating transaction processing feeds from many users to one QB user seat, plus you get the benefit of the CRM.

Bill.com may be of high value for you as well. go to bill.com and register for a product demo webinar. CPA firms, large franchises like McDonalds and small business are taking advantage of Bill.com to save thousands annually in AP and AR processing.

Today you want to be talking to professionals who are familiar with a variety of options so that you get a full featured experience for your industry vertical without the large cost of consulting and implementation. Many of these new cloud vendors will help you to implement for a low fee.

One of the issues you will run into however is right now, there is no out of the box cloud set of tools that will support contractor job costing, but Method has a viable solution, so take a look at that and get more mileage out of your Quickbooks.

Anonymous
(Manager) |

Hi Valerie,

Thanks for the detailed info. I will definitely check out Method. Any thoughts on Sage?

Sarah Jackson
Title: Associate Editor
Company: Proformative
(Associate Editor, Proformative) |

Anonymous,

The real issue might be that one has moved beyond QB to more than just Sage.

In fact, I found this interesting white paper titled,
"When Is The Right Time To Graduate From QuickBooks?"
https://www.proformative.com/whitepapers/when-right-time-graduate-quickbooks

Enjoy!

Best... Sarah

Timothy Ogden
Title: President/CFO
Company: Joseph Elon, LLC
(President/CFO, Joseph Elon, LLC) |

I have been a member of the Sage Accountants Network for a few years now. Sage streamlined Peachtree to align vertically with their larger product offerings in an effort to accommodate growth of organizations. As well, they changed their branding to reflect the vertical alignment within their respective families (Peachtree to Sage 50, MAS90 to Sage 100, etc).

Personally, I'm not a fan of the so-called webinars--particularly because of the amalgamation of the two words 'web' and 'seminar', which have been combined to form nothing more than a gibberish word--but I digress.

I use Sage 50 Quantum 2014, which is the highest level of the Sage 50 family before moving upward to Sage 100. At one time, Intuit posted product comparisons between Quickbooks and Peachtree. You'll be hard-pressed today to find a hard-core side-by-side comparison posted by Intuit pitting their products directly against Sage 50. In fact, if you contact an Intuit Salesperson and ask them to provide you with marketing collateral on how they compare to Sage 50 Quantum...they will be unable to do so. They do not compare.

I have a client who owns a construction company (metal pre-fabricated grain storage buildings) that is in its 18th year of growth. Where Sage benefits him is in the following areas:

1) Accurate Job Costing--Sage 50 Quantum has built-in time sheet tracking, job tracking down to the phase and level of completion--all integrated within the same system.

2) Change Order tracking--not much more to elaborate on here.

3) Departmentalized and Consolidated Financial Statement Reporting--you can departmentalize a single company and view individual financial statements (as if you have multiple operating units) / or track separate physical companies and view consolidated financial statements to get an accurate view of your overall portfolio.

4) Pervasive Database--Quickbooks does not historically 'play well in the sandbox with others'. Intuit chose to write a database heavily-laden with source code that causes Quickbooks to experience frequent data integrity issues (many are serious). I've spent many hours rebuilding Quickbooks databases. Sage 50 has a very friendly database and does integrate well with other programs using open databases (i.e. estimatics programs, etc.)

5) Accuracy--Quickbooks has always had an issue with this as a company grows. Sage 50 is the only off-the-shelf accounting program that is fully GAAP compliant (Generally Accepted Accounting Principles). <--Note this last word: PRINCIPLES--they do not change. Intuit touts Quickbooks as being compliant with Generally Accepted Accounting Practices--very much like the English language has been watered down to make misplaced apostrophes acceptable to the general public--despite the fact that it does not adhere to the official guidelines of what is correct when expressing something in English...or like the generally accepted gibberish word 'webinar'...but again, I digress.

6) Sage 50 follows the order of YOUR operations--Just like I would assume you take the time to build something right, you want to take the time to build your company file right (regardless of which software you choose to employ). Being a small contractor, I would steer you toward the Sage 50 Premium edition. Quickbooks is just not robust enough to compete.

I would personally avoid any '.com' solutions for any of your core operations, period. They will not be around for years to come. If you take just a little time and make a little effort in building the right solution, you'll be able to maintain an accurate and useable system.

The fact that you are seeking advice on the meaningful differences is a HUGE step in the right direction. I hope the details of my advice help you.

Denise Loter-Koch
Title: President/CEO
Company: empoweredNW
(President/CEO , empoweredNW ) |

I think Valerie's suggestion is a good one. QuickBooks definitely has a ton of options and integrations designed specifically for contractors. So it might be best to explore those before migrating to an entirely new platform. I'm not sure if it was available when this question was originally posted, but Intuit now has a field service module (Field Service Management) that might be a good solution for you.

That being said, the new line of Sage 50 products appear to be fairly decent. As with QuickBooks, they are designed to easily allow you to grow and migrate to a more powerful version as your business demands increase (as Timothy noted). They have also made the software a bit more developer friendly, so I think we will continue to see useful extensions and integrations being created. And the new user interface definitely makes reading reports and reviewing data simple and easy.

John P. Hart
Title: Vice Pres - CFO
Company: Nova Pressroom Products, LLC
(Vice Pres - CFO, Nova Pressroom Products, LLC) |

I'm attending Sage Summit this week in Las Vegas. Awesome event, 5,000 attendees.
Sage is making great strides and moving quickly. Check 'em out. We are Sage 50 Quantum user, but based on this show, will consider a move up to Sage100EPR.

Veronika Tondon
Title: Marketing Manager
Company: Invoicera: Invoicing Simplified
LinkedIn Profile
(Marketing Manager, Invoicera: Invoicing Simplified) |

Personally, I like QB and Peachtree both. Have been using Invoicera for some time though. It is very satisfactory, both in terms of features and user-interface.

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