what are the pros and cons of the new sageworks accounting software?
i am looking at quickbooks which i know is more mainstream or sageworks. To those that have researched can you answer why you would use sageworks or peachtree over quickbooks?
I think the reason QB has market share is because A) years ago they did a bucket load of advertising to the small business owner directly (tv spots, etc) and B) because they have the direct interface for the accountant. I have been using Sage 50/Peachtree (Not Sageworks - thats something else) for over 20 years, I have companies that are 100k up and also do personal books on it (less than 100k) for some of my clients and myself. So Sage50 is not necessarily for the large company it is designed for the small and medium sized business.
Ive used QB on and off through the years and have found QB takes more steps to get from point A to point B and while there are some things about it that I really like (Bank Feeds and a few other things) overall I think it is much more cumbersome to use and when I have a choice I ALWAYS recommend Sage50 There has NEVER been a time in over 20 yrs that QB has been my first choice, there are too many limitations and hoops to jump thru.
A friend of mine, an accountant told me a story, when he was in college his accounting professor told him, when you are first starting your practice, put your clients on QB, you will get more billable hours, when you have more clients and do not need as much billable time per client put them on Peachtree.
As far as the accountant aspect of QB, in 20+ years I have never needed one of the accountants to come in the accounting software I am using and enter AJE's for me etc. (or anything else for that matter) I run financials for my accountants, if they need supporting ledgers I run those as well and any detail that they require. When they are finished they then give me a listing of AJE's that I enter into the accounting software. There is no need (no offense) to pay an accountants wage to do a simple AJE entry when you have a full charge bookkeeper.
Now having said that, in the case where there isn't a bookkeeper working for a small company and its just someone entering in their invoices and checks I can see perfectly why the accountant function would be a benefit.
So I guess when it comes down to it, I guess it depends on the client and their needs. For Desktop, I always recommend, Sage50, for Cloud, I'm really digging Xero, again, I feel QBO like its cousin QBD while not as cumbersome is still clunky.
I'm probably biased, as I chose to be a QuickBooks Proadvisor. But my impression of Sage is that it is for quite large companies and is priced accordingly. Frankly, I don't recall meeting anyone in the last 10 years that uses Peachtree. QuickBooks is the hands-on market share leader in the SMB space, and there is clearly a reason for that.
The choice of software depends on your needs and level of expertise with the software.
I train on both QB's and Sag50 for many years.
QB's I find is the easier software to use and not cumbersome to make corrections. The reporting in QB's in my opinion is still better than Sag50.
Frankly, with addons that now number 300+ partners - I'd be heading to Xero!
I'm a Xero Adviser - and it does so much more than both of these combined!
If you'd like to have a chat with me - I'd be happy to discuss the pros & cons with you!
(Sorry to add one more to the mix - but know that it will have the answers to help you make great business decisions!!)