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Small Business Construction by Peachtree
posted by Mr. Peachtree user @ 10:11 PM
Thursday, September 17, 2009
Small Business Construction
As contractors and sub-contractors, you are probably scrambling for work opportunities, as well as face increasing competition from larger firms looking at smaller opportunities to offset their own business challenges. As a result, it is critical to have more accuracy and better visibility into your business’ performance. Small and mid-sized construction organizations like yours find Peachtree by Sage – Quantum an invaluable tool that provides the right amount of accounting functionality, construction-specific features and business analytics tools to help you achieve better results at a budget-friendly price.
Construction industry challenges
- Increasing material costs
- Shrinking business opportunities
- Extreme margin pressure
- Increasing competition from large suppliers moving down market
How Peachtree Quantum can help
Peachtree Quantum helps you address these challenges by providing core accounting functionality with advanced construction features. Better manager your materials costs with strong inventory management tools. Compare your business financials to competitors with Business Analytics so you know where to make improvements. Understand your margins better by using the labor burden calculation, job costing and other fixed costs tracking tools in Quantum to meet the demands of an ever evolving environment. Peachtree Quantum by sage has all of your accounting needs to do help you have a successful business.
Peachtree Quantum facilitates:
- Progress billing
- Retainage
- Labor burden calculations
- Job work-in-progress reportings
- Payroll overhead rate tracking
- Tracking of insurance expiration dates for sub-contractors
- Bill of material tracking
- Custom construction planning reports
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Now more than ever, accounting firms like yours who service the small to mid-sized market segment are being asked to support evolving client needs to help fuel future client growth, as well as your own practice. Meeting the needs of this dynamic market requires you to be at the very top of your game with the ability to provide accurate and detailed business information that clients can rely on to make sound decisions to generate growth and profits.
Peachtree by Sage – Quantum offers accounting firms a single, powerful and flexible accounting solution to address multiple client files, while providing a single access point to create and modify files from any Peachtree product format your clients might have.
Accounting industry challenges
- Increasing workflow resulting from multiple client needs, files and practices
- Increasing customer demand for faster information delivery
- Increasing client demand for more business performance analysis
- Increasing company mergers, consolidations
How Peachtree Quantum can help
Peachtree Quantum helps you address these challenges by offering accounting firms a versatile resource to serve their client’s needs easily and effectively. Accountants using Peachtree Quantum can create, open, modify and save client files from any version of Peachtree Accounting as well as handle complex tasks like company consolidation, file backup and restore, compensation history tracking and budget tracking for up to four years.
Peachtree Quantum provides:
- Single point of access to multiple client files
- Easy file back up and restore functionality
- More than 145 customizable reports
- One-year access to priority support, updates and upgrades
Sage Accountants Network
The Accountants Network is for accountants who insist on staying current on trends in accounting and business management solutions. The program offers you flexible access to information, software and services that allow you to respond to your clients’ needs – without investing a great deal of time and money.
Members of the Accountants Network receive:
- Online listings in the member locator
- Priority access to experienced support specialists
- Product upgrades/updates and payroll tax tables
- Access to valuable discounts on business services and products
With widespread job cuts and a recession to deal with, it’s not easy to maintain a positive outlook at work these days. But being upbeat, despite the stress, could actually help you thrive during a downturn.
“Most people make the mistake of thinking that success leads to happiness. In fact, our brains work precisely the other way around,” says Shawn Achor, head of Aspirant, a consulting firm that advises clients like Microsoft (MSFT, Fortune 500), American Express (AXP, Fortune 500), Credit Suisse (CS), and UBS (UBS) on how to keep morale and productivity up in these extraordinarily difficult times.
A positive approach to the daily grind, he adds, “gives rise to resilience, energy, and the ability to influence other people — all things that create success.” Having an great accounting team helps as well. Use a good quality accounting program like Peachtree Quantum by sage.
So if you want to come through this downturn with flying colors — and maybe even a promotion or a raise — you need to think positive.
I’ve been employed as an office assistant at a large metropolitan law firm for many years. I handle both payroll and billing in addition to reception duties. Through force of habit, I became accustomed to the conventions of QuickBooks software – it was just what the office had always used. When my boss announced that we would be updating our system to use Peachtree, I was worried. How long was it going to take me to get all of the accounts back up to speed?
To my surprise, it’s simple to transfer QuickBooks data files over to a Peachtree accounting program. In fact, the latter program comes complete with a tutorial that updates your system step by step. I had my new accounting system up and running in a matter of minutes, and I’ve been pleased with the comparatively user-friendly interface.