Peachtree Premium Accounting For Construction 2006 Multi-Use

by Sage

Product Features

• Multi-user-ready management solution for small construction companies
• Robust core accounting; construction-specific features and analysis tools
• Retainage tracking; capture and apply labor burden; progress billing
• Track subcontractor insurance expiration; job-in-progress analysis
• Process payroll; helpful customer and vendor management reports

Product Details

Data Sheet [3.67mb PDF]

• Shipping Weight: 8 ounces
• Shipping: Currently, item can be shipped only within the U.S. and to APO/FPO addresses. For APO/FPO shipments, please check with the manufacturer regarding warranty and support issues.
• ASIN: B0009JQRUE
• Item model number: VERCONM2006RT
• Date first available at Amazon.com: April 29, 2005
• Amazon Best Sellers Rank: #39,323 in Software (See Top 100 in Software)

Product Description

From the Manufacturer

Having served small construction companies for nearly 30 years, Sage Software understands your needs: solid accounting functionality, construction-specific features, and analysis tools that help you better understand and manage your company. It's all here in a business management solution especially created for you. To get the insight behind your numbers, Peachtree Premium Accounting for Construction 2006 is the ideal solution.

Whether you have a full-service construction company or you're a specialty subcontractor, you will appreciate core features that include progress billing, retainage tracking, job costing, fixed assets, and advanced budgeting. You also get analysis tools to help you achieve long- and short-term goals. With Peachtree Premium Accounting for Construction 2006, you get a powerful, yet flexible, solution specifically designed to help you meet the challenges you face with your construction company.

Easy Startup, Easy to Learn

With Peachtree Premium Accounting for Construction 2006 you get the tools you need to start working immediately. Helpful features like a Setup Guide and Preparation Checklist, Navigation Aids, Wizards, and a Guided Tour make it easy for you to hit the ground running!

Sample Data and Pre-built Chart of Accounts
With Peachtree Premium Accounting for Construction, you get a sample company pre-built for construction in which you can explore how to complete common tasks. Also, the included chart of accounts is an easy way to get off to a quick start.

Instructional Demos
Choose from over 20 short instructional demos to help you learn about key functions in the product such as how to make a backup, drilling down on reports, changing accounting periods, closing out the year, and more!

Learn With the Guided Tour
Quickly learn how to enter customers, vendors, employees, and more with the Guided Tour! Plus, learn how to handle basic accounting transactions.

Use the Navigation Aids
With illustrations designed to match the way you work, Navigation Aids make it easier for you to understand how your transactions are processed, while giving you instant access to the features you use the most.

Check Off Setup Tasks as You Complete Them
Let the Setup Guide walk you through the process of setting up your company information, record data, and beginning balances, and then check the task off your list and track your progress.

Easily Convert from QuickBooks
Use the QuickBooks Conversion utility to convert easily from QuickBooks (versions 1999-2005).

Construction Features Built For You

Peachtree Premium Accounting for Construction 2006 provides solid accounting features, advance analysis tools, and industry-specific reports to help improve your operations. It has a multi-user option(1) for improved productivity, and provides premium features which address the challenges that are unique to the construction industry.

Track Subcontractor Insurance
Reduce your liability risk by tracking subcontractor insurance expiration dates. Store insurance expiration dates within the software, so it can warn you when you try to pay or enter a transaction for a subcontractor whose insurance has expired. And there's a Subcontractor Insurance Report so you can easily review insurance expiration dates, company name, policy number, and policy limit.

Apply Labor Burden
Easily allocate a percentage of an employee's overhead costs (such as taxes, insurance, benefits, and more) to a job on which that employee works to gain a better understanding of the jobs true profitability. Applying labor burden to jobs will provide you with a greater degree of accuracy in reporting costs associated for each job. You can set a standards Payroll Overhead rate and assign it by job or company wide. You can also easily modify the rate on individual paychecks.

Progress Billing
Tracking Progress Billing is an invaluable feature if you bill against a contract. Peachtree tracks the job's contract price, previous progress billings, and retainage withheld. You can then create invoices based on the job's current progress. You can specify that billing be based on a percentage of the job's completion, a percentage of estimated job revenue, or a percentage of each line item.

Track Retainage(1) Peachtree Premium Accounting for Construction 2006 lets you account for retainage, whether it's owed to you or by you. Know instantly what your clients are holding back, and how much leverage you have with your subcontractors. You can change the applied percentage amount on a transaction without changing the retainage percentage applied at company or job level.
(1)Retainage is available only in companies using accrual based accounting.

Work in Progress
A work-in-progress report is a key indicator of a contractor's financial position. This is one of the standard reports that contractors use to obtain a loan from a bank or bonding for a job. Bond underwriters and loan officers use this report to review jobs in progress, determine profitability on completed jobs, and over/under job billings on job currently in progress.

Advance Job Costing
Keep track of all cost associated with the completion of a job by phase or cost-levels. These may include costs associated with the purchasing materials, or paying for labor, equipment rental, or subcontractors. Keeping track of such costs can help you track how much money you are making on each job because you can compare the expenses incurred with the revenue you receive for a job. Track cost tracks the costs that you incur while completing a job and maintain a record of revenues you earn from your jobs.

Operation Reports
Better business decisions are based on better business information. Peachtree Premium Accounting for Construction 2006 includes the high-quality reports and graphics of Crystal Reports for Peachtree. In addition, more than 145 customizable reports provide detailed financial and operational information to help you understand how each element of you business is performing. Some of the most useful construction-specific reports are:

• Aged receivables, aged payables, and cash requirements sorted by job
• Job ledger and job profitability reports with debit and credit columns
• Vendor and customer management detail
• Job work in progress

Accounting Safeguards

Your data is safe from prying eyes with Peachtree Premium Accounting for Construction 2006. Extensive security and accounting controls make it easy to prevent unauthorized employees from accessing your company's sensitive financial data.

Internal Accounting Review
Use the Internal Accounting Review to run up to 15 checks at any time on your Peachtree data. Look for suspicious transactions and common accounting mistakes such as duplicate transactions and cash receipts that do not debit the correct General Ledger cash account.
(Sage Software is not liable or responsible for any fines or penalties that may result from errors in your company accounting records. The Internal Accounting Review is not intended to uncover all questionable transactions.)

Duplicate Reference Number Warning
Peachtree will now warn you when a duplicate reference number is being used on a quote, invoice, credit memo, or purchase order. No more duplicate numbers!

Safeguard Your Data
You decide who has access to your accounting and at what level. Choose to give employees access at the module level, or drill down to five screen levels of access for more specific security needs. The control level defines the rights the user will have to selected program area at screen or module levels. You can establish the following controls: No Access, Read Only, Add, Edit, or Full.

Keep an Audit Trail
Record and report on any changes made to your transactions! Turn the feature on and off as needed, and control who has access to do so. When coupled with Peachtree software's password security, you can monitor each employee's activity within a company data file, including who made changes and where.

Prior Period Locking
Improve data integrity by preventing an unauthorized user from entering or modifying a transaction in a previous accounting period.

Archive Company Data
Archive your company data, essentially giving you a snap shot of your data before you closed your year. This feature provides access to detailed company data from closed years and access to financial statements in addition to the two open fiscal years currently supported. Peachtree maintains the integrity of this archived data by not allowing data entry or modification in the archived data, ensuring that your information is always accurate.

Company Users and Passwords
Set up user profiles (records) for each person who will be using Peachtree. Each user is set up with a unique user ID and password.

Backup Your Data
Peachtree allows you to back up your data within Peachtree or you can use an alternate utility (for example, a tape backup program). Backups are the only way to ensure the security of the accounting records you store in Peachtree. Without backups, you run the risk of losing weeks of months of work.

Core Accounting Features

Standard Accounting

General Ledger:

Archive Company Data
Increase your day-to-day performance levels by archiving your historical data and purging your active company. Plus, retrieve a copy of your company data to report on historical data or reprint forms such as old invoices.

Prior Period Locking
Improve data integrity by preventing an unauthorized user from entering or modifying a transaction in a previous accounting period.

Gain General Ledger Control
With Peachtree, you can have up to 13 periods in a fiscal year, and keep transaction detail open for two fiscal years. You can also easily maintain and report on budgets, as well as show or hide your GL accounts on task screens.

Quick Entry Account Register
Account transaction entry is easier and faster with the new Account Register. The new format looks as familiar as your checkbook register with the ability to drill down for more detail.

Accounting Behind the Screens
See what you want to see with the "Accounting Behind the Screens" function. With one mouse click, you can view the double-entry accounting going on, or click again to hide it, so you don't have to hassle with it.

Year-End Wizard
Save time and follow the correct steps during the critical process of closing your fiscal year.

Keep an Audit Trail
Record and report on any changes made to your transactions! Turn the feature on and off as needed, and control who has access to do so. When coupled with Peachtree software's password security, you can monitor each employee's activity within a company data file, including who made changes and where.

Safeguard Your Data
You decide who has access to your accounting and at what level. Choose to give employees access at the module level, or drill down to five screen levels of access for more specific security needs.

Accounts Receivable:

Generate Customer Quotes
Quickly and easily provide your customers with estimates for their orders by printing quotes! Your quote does not actually update your accounting information until the quote is converted to a sales order or invoice.

New! Exclusive to Peachtree Premium Progress Billing
Better manage your cash flow with Progress Billing. Bill your customers during the job cycle calculated on either of the following milestones: a percentage based on the total estimated job revenue, percentage completed, or percentage based on the job proposal. Peachtree will now allow you to create invoices based on the job's current progress.

Create and Track Sales Orders and Back Orders
Track your sales from order to invoice. Easily enter orders and track partial shipments, and always know what is on backorder with the onscreen "Out of Stock" warning or review the Sales Order Report. Plus, make sure you accurately fulfill your shipments by using the Pick List Report.

Track Your Payment Statuses
Instantly know which purchases or invoices are paid in full, partially paid, past due, or unpaid so you can easily stay on top of who owes you and who you owe. Plus, use payment status tracking to view partial payment information and net due for any invoice.

Customer Statements
Use statements for billing your customers with detail from invoices, credit memos, and payments automatically printed on the statements.

Receive Payments
Track each invoice until it's paid, even drill down to the detail in one click, and see how your receipts affect your balance. You also have the ability to print receipts detailing items sold and payments received upon recording Time of Sale payments.

Easily Void Invoices
Voiding invoices is as easy as voiding checks! Voiding an invoice reverses out the transaction instead of deleting it. It will automatically update your balances and aging reports, while keeping an audit trail of the original transaction.

Credit Memos
Easily create Credit Memos for your customers by linking to outstanding invoices. Just choose the invoice to apply to, record the amount returned, and you're done! You can even track Return Authorization numbers.

Accounts Payable:

Display Vendor Balance
Gain easy access to balance information and prior purchase detail by reviewing what you owe your vendors directly on purchasing screens, drilling down to detail level with just one click.

Bill Payment--New! Online or using your standard method.
Write your checks and pay your bills as if you were working in your own checkbook. Simply select which vendors and bills to pay, even review the invoice detail in one click, and print the checks-task done! New! Pay your bills online with Peachtree Bill Pay.
(Subject to approval and to Sage Software terms of service. Additional fees, Internet access, and checking account required.)

Write Checks Fast
Write checks with a simplified screen that looks like the manual checks you're used to. And the split-screen feature shows "behind the screens" allocations for multi-account tracking just like a personal finance system.

Purchase on Time
Receive partial shipments and put items in inventory before receiving a bill! Easily handle drop shipments and review reorder reports for a quick glance at quantity-on-hand, quantity-on-order, and backorder information.

Vendor Credit Memos
Track returns to your vendors with easy-to-use Vendor Credit Memos. Just choose the invoice to apply to, record the amount returned, and you're done! You can even track Return Authorization numbers.

Payroll Solutions:

Payroll is a crucial element of doing business. To help you better focus on growing your business, rather than on tedious, time-consuming payroll activities, let Sage Software make your payroll processing easier and simpler!

Whether you choose to outsource your payroll, or prefer to do it in-house, Sage Software has reliable, cost-effective, time-saving solutions:

• Full-Service Payroll with Peachtree Payroll Service(a): it's like having a whole payroll department at your fingertips. Let payroll professionals at Sage Software do the work for you!
• In-House Payroll with Peachtree Payroll Tax Update Service(b): handle your payroll in-house using tools already in your Peachtree software with the help of Peachtree Payroll Tax Update Service.
• Peachtree Direct Deposit(c): add Peachtree Direct Deposit and make payday easier for everyone in your company.

(a) Available with Peachtree 2004 or higher products. Not available with Peachtree First Accounting. Additional fees apply. Subject to approval. Internet access and credit card required.
(b) Subscription period for Payroll Tax Update Service runs from December 1st through November 30th. Regulatory format changes for tax forms are updated annually at the end of the calendar year. Registration is required. Additional states available for a nominal charge. Not available with Peachtree First Accounting 2004 or higher.
(c) Subject to approval. Additional fees, Internet access and credit card required.

Time and Billing and Job Costing:

Time and Billing

Comprehensive Time Tracking
Easily track time using the time card features, and never enter information twice! Employees simply enter hours on daily or weekly forms and the time information then flows automatically into both invoices and paychecks.

Flexible Billing Rates
Choose from multiple rates--Employee, Activity, and Flat Fee--or choose to override the rate.

Flexible Billing Status Options
Choose from multiple billing status options the moment you enter a time ticket--Billable, Non-billable, Hold, or No Charge.

Instant Expense Tracking
Track all job or project costs and streamline your billing procedures by keeping track of expenses like travel, copies, meals, and more! Your expenses can then be linked automatically to your customers' invoices.

Job Costing

Always Know What a Job will Cost
Know in an instant if a job is worth starting, before you even begin! Easily determine which jobs are more profitable by comparing all job expenses versus revenue. Create job and project estimates by breaking down jobs to the phase level, and then review cost codes by breaking each phase down to a particular type of cost.

Fixed Assets:

Manage Fixed Assets
Calculate depreciation easily, quickly, and accurately! The Peachtree Fixed Assets system--FAS for Peachtree--allows for seven books of information, including Financial and Tax, all in full compliance with government rules and regulations(1). Track up to 200 assets(2).

Regulatory Compliance
Subscribe to the Fixed Assets Tax Service to ensure regulatory compliance.

(1) Regulatory compliance requires paid subscription.
(2) Additional fees apply for more than 200 assets.

Analysis and Reporting:

Peachtree Premium Accounting 2006 provides the reporting and analysis tools you need to always know where your business really stands!

Crystal Reports for Peachtree
Get the information you need the way you need it with Crystal Reports for Peachtree. Take advantage of the new features in Crystal Reports 9.0 for Peachtree such as exporting reports to Adobe format, 12 predefined reports, Report Alerts to monitor business conditions, easier formatting with the Template Export, and much more!

Get Finances in a Flash
Get a snapshot view of your business's overall financial performance with the Financial Manager function! Obtain a business summary and key balance information so you see the full picture in minutes, without creating reports. You'll review such popular ratios as Cost of Sales, Profit Margins, and more, as well as up-to-the-minute balances on cash, accounts receivable, and other vital information.

Check Out Your Cash Flow
Quickly and easily perform "what if" analysis to understand the impact of changing business conditions with the Peachtree Cash Manager. It displays the projected cash status for your company for a selected period of time. See balances for receipts, payments, payroll, and other cash broken down by dates due.

Collect from Your Customers
Display both by list and graphically the aging status of your customers who have open invoices and print collection letters for those customers with overdue accounts with the Peachtree Collection Manager.

Pay on Time
Use the Payment Manager to drill down through four levels of aging analysis so you always know whom you owe, how much, and when it's due. Plus, check off a batch of invoices to pay and print checks.

Peachtree Today--My Business Page
The My Business page in Peachtree Today provides a concise, graphical way for you to review your business status information onscreen with one quick glance and without having to run separate reports. Plus, you can customize your setting preferences on the onscreen accounting information statuses.

Peachtree Today--Daily Register Report
Stay on top of your business activities with the Daily Register Report in Peachtree Today--showing a summary of transactions of a particular type on a given day with the ability to drill down to the detail report.

Customizable Reports
Choose from 140+ reports to better track, forecast, and budget your finances and get the information vital to your business's success and growth. Customize these reports to look the way you want them to. You can also save time by grouping reports to run daily, weekly, monthly, or at year-end.

Easily Export Your Report Data to Microsoft Excel
Copy your report data into a new Microsoft Excel spreadsheet with one click! Hit the Excel toolbar button and copy report data from the Select a Report window or from the reports displayed in the Report window. Peachtree will open the Microsoft Excel program and insert the report data into a new worksheet for you, and will even keep most of your report's original format.
(Requires Microsoft Excel 2000, 2002, or 2003.)

Time Savers and Customization:

Time Savers

Peachtree Premium Accounting 2006 gives you the tools to save time, allowing you to manage your business better.

New! Auto-Complete Text Fields
Complete your data entry faster and with greater accuracy. Peachtree will automatically fill in key fields based on past entries and store info in drop-down menus for future use.

Microsoft Word Integration
Quickly create mass mailings or e-mail blitzes and other notifications such as customer newsletters, thank-you notes, credit requests from a vendor, and more from the contact information (i.e. customers, vendors, or employees) and transaction information already contained in your Peachtree database.
(Requires Microsoft Word (2000, 2002, or 2003) and Microsoft Excel (2000, 2002, or 2003).)

"Fast Add" of Customers/Vendors/Employees
Save time on data entry with the ability to "Fast Add" customers, vendors, or employees from a transaction screen.

Schedule Memorized Transactions
Set up Memorized Transactions for Quotes, Sales Invoices, Purchase Orders, Payments, and General Journal entries.

E-mails Generated by Alerts
With the e-mail Alert feature, you can set the system to monitor key elements of your operations and have an e-mail alert generated when certain conditions are met to keep you operating efficiently. For instance, your purchasing manager can be notified by e-mail when an inventory item drops below a certain level, or your payroll manager can be alerted when an hourly employee exceeds a certain number of hours.

Copy Customized Reports and Financial Statements Across Companies
Save valuable time by easily copying customized reports and financial statements across companies.

Easily Change IDs
Change your Chart of Account, customer, vendor, and inventory IDs even after you've entered transactions. Simply change the ID while maintaining all the historical information.

Customization

Customize Your Forms
Updated look and formatting allows you to create and print professional, print-shop-quality forms on plain paper with your company logo or other special designs using the Custom Forms Designer. With rulers and a visual grid for better placement, marquee select, alignment, an undo function, and more, the Forms Designer allows you to add, delete, or rearrange the fields and columns in your invoices, purchase orders, mailing labels, and checks. Design your own forms using different types of objects such as data fields, text, commands, lines, rectangles, and bitmap graphics.

Customize Your Financial Statements
Use the Financial Statement Wizard to customize your Income Statements, Balance Sheets, and more. Specify type styles and fonts for each line and customize headers and footers, general ledger account masking, columns, and fonts.

Create and Print Deposit Tickets
You can easily create and print Deposit Tickets. Save time using this printed record for your bank deposits of your receipts recorded in Peachtree. Deposit Ticket Forms are also available from Peachtree with your company name, financial institution heading and MICR encoding.

Get the Data You Need, in the Format You Prefer
Eliminate trial-and-error printing by previewing onscreen the layout for your invoices, checks, labels, and more before ever printing. Includes the ability to zoom in and out.

Customize Your Task Screens
Set up your data-entry windows to match the way your business works! Simply select which fields you want to show or hide for a "clean" screen and more efficient data entry.