PC World Reviews New Version of Peachtree
Peachtree's Complete Accounting 2002 program is now in its testing phase and the staff at PC World Magazine has some nice things to say about the program.
The most highly-touted feature is an expansion of the multi-pricing component which enables the user to assign up to 10 prices to each item that is for sale. Prices can be fixed or calculated based on a percentage of the cost. This feature is recommended for businesses that offer the same item to different customers for different prices.
For example, a company that offers several different pricing options to various customers based on such factors as the volume of sales, geographic location, seasonal variances, and holiday sales, can set up the sales item with all possible prices attached, then it is a simple matter to choose the appropriate price when the sale is recorded.
Another feature mentioned in the PC World review is a new e-mail alert system that causes an e-mail message to be dispatched when a certain situation occurs. The example given is when inventory reaches a certain level, an e-mail message indicating it is time to reorder can be sent to the purchasing department.
The Peachtree program is compared favorably to market leader QuickBooks, which will begin its own beta testing for the 2002 version later this month.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.