SOURCE: Sage Software

June 12, 2006 09:45 ET

New Peachtree by Sage Premium Accounting for Nonprofits 2007 Is Now Available

Easy, Accurate Accounting Package for Budget Conscious Small Nonprofit Organizations

ATLANTA, GA -- (MARKET WIRE) -- June 12, 2006 -- Sage Software announced today the availability of the Peachtree by Sage 2007 product line, which includes the new version of Peachtree by Sage Premium Accounting for Nonprofits. The latest release includes a new navigation interface, faster access to key information for easier day-to-day operational management and improvements for even simpler set up.

Navigation within the Peachtree 2007 products has been significantly improved with new access and workflow enhancements. While familiar top pull down menus are still available, new side menus have been added and are visible from every screen for faster data access. The addition of these capabilities will make it easier for small nonprofits to experience straightforward access to the most common areas within Peachtree. In addition, users are also able to create customized shortcuts for regularly performed tasks.

"Small nonprofits have unique needs that require features that go beyond what's found in basic low-end accounting packages," said Dan DeRosa, vice president of product management, Small Business Division, Sage Software. "Peachtree Premium Accounting for Nonprofits provides all the great core accounting features that small nonprofit organizations have come to expect and depend on from Peachtree, but we have enhanced this release with even more features to help them in their day-to-day operations."

The addition of eight sample nonprofit charts of accounts, including Unified Chart of Accounts and a United Way-based Chart of Accounts, enables small nonprofit organizations to more easily set up new books. The Unified Chart of Accounts is designed to help nonprofits quickly and reliably translate financial statements into the categories required by IRS Form 990, the federal office of Management and Budget, and others.

Nonprofits can now print signature-ready tax forms on plain paper. This includes several federal (940, 941/941 Schedule B, 943, 945, W-2, and W-3 forms) and more than180 state forms from all 50 states and the District of Columbia.(1)

The United Way-based Chart of Accounts has been included to help small nonprofits meet compliancy requirements and to assist with conforming to the United Way Chart of Accounts.

In addition to simple start up features such as the Set Up Wizard and guide, and the eight chart of accounts, Peachtree Premium Accounting for Nonprofits includes a number of security features, pre-built industry specific reports to help nonprofits better communicate the effectiveness of their existing programs to their audiences, capabilities that more tightly integrate Microsoft Office applications with their accounting, and easier access to key information.

Security: Peachtree Premium Accounting for Nonprofits provides standard features such as the Internal Accounting Review(2), audit trail and prior period locking. The Screen-Level Password Security provides nonprofits with more control to decide who has access to what. For example, volunteers and staffers can be permitted to only enter data like incoming donations while all other information is safely locked away.

Reporting: Pre-built industry-specific reports help nonprofits better communicate the effectiveness of their existing programs to audiences such as corporate donors, members, grant committees, or to help satisfy government regulations. For even more reporting capabilities, small nonprofits have access to Crystal Reports® for Peachtree, at no additional fee, from within Peachtree Premium Accounting for Nonprofits.

Business Status Center: Peachtree Premium Accounting for Nonprofits provides a dashboard that displays critical, real-time information about the health of the organization. With eight informational sections available, the Business Status Center is customizable by user and provides instant access to an integrated view of key measurements and indicators for the organization.

Quick access to key data lists: Peachtree Premium Accounting for Construction's new list management features enable users to easily view, drill down, print and e-mail information and records by clicking on entries included in established lists. Peachtree 2007 offers the ability to sort and search up to 25 different types of lists, such as donors and members, as well as transactions including invoices and payments.

Integration with Excel®: With more robust options for exporting data, nonprofits will be able to export Peachtree report layouts into Excel that include both the formulas for calculated values, and the report formatting, as well as the option to retain viewing capabilities such as freeze pane, auto-filtering and report headers.

Also new within Peachtree Premium Accounting is the Comparative Budget Spreadsheet Creator that enables owners to save time and avoid data re-keying mistakes by entering a budget into the Peachtree spreadsheet view, creating one from actual financials, or importing from Excel.

Outlook® Contact synchronization: This feature synchronizes vendor, customer and employee contacts in Peachtree with those in Outlook, so that contact information will only need to be entered once. A dynamic synchronization process within Peachtree 2007 will keep this contact information up to date.

Peachtree is a powerful tool for helping small nonprofit organizations to manage current and future growth, and Sage Software offers the assistance they need to manage that growth. As small nonprofit organizations grow and require additional scalability, there is also a clear migration path available for them up to the company's Sage MIP Fund Accounting product.

The Peachtree Premium Accounting line also includes industry versions for accountants, construction companies, manufacturers and distributors. These industry-specific applications are available in single or multi-user(3). Peachtree Premium Accounting industry-specific solutions are part of a complete family of award-winning Peachtree Accounting products that includes Peachtree First Accounting, Peachtree by Sage Pro Accounting, Peachtree Complete Accounting, and the new .Peachtree by Sage - Quantum, the ultimate, high performance Peachtree solution that supports up to 10 named users(4), and includes support, upgrades and updates in an automatically renewing yearly plan(5).

Pricing and Availability

Peachtree by Sage Premium Accounting for Nonprofits 2007 and the industry-specific solutions for accountants, construction, distribution and manufacturing are now available direct from Sage Software, selected resellers, and hundreds of Peachtree Certified Consultants(6) nationwide. . The manufacturer's suggested retail price for Peachtree by Sage Premium Accounting for Nonprofits 2007 single user is $599.99 and for multi-user is $1199.99. High value competitive rebates are available from Sage Software for customers on other small business accounting packages. Call 800-228-0068 for more details.

About Sage Software

Sage Software supports the needs, challenges and dreams of more than 2.6 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of accounting practices and the construction, distribution, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of the Sage Group plc, a leading international supplier of accounting and business management software solutions and related products and services for small to mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.0 million customers and employs over 10,500 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

1 - Additional fees required. Requires subscription to the Payroll Tax Update Service. Not compatible with dot matrix printers.

2 - 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.

3 - For multi-user access, you must purchase one single-user box per named user or one Multi-User Value Pack for up to five named users. For greater than five named users, visit www.peachtreequantum.com

4 - Subject to the terms of the End User License Agreement. A maximum of 10 licensed named users are allowed. Only the first 10 named users selected in the user maintenance screen are considered licensed named users.

5 - Your Peachtree Quantum Signature Care Plan (which includes product upgrades, product updates and customer support) will be renewed automatically each year on the anniversary date of your purchase unless you terminate your agreement prior to that date. Renewal is not required for continued access to product updates.

6 - Sage Software is in no way liable or responsible for any claims made related to services provided by third party vendors.

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