Sage 50 Accounting

Sage US – Small Business Accounting Software

Financial Management
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 in