SOURCE: Sage Software

June 12, 2007 09:45 ET

Peachtree Premium Accounting for Construction 2008 Now Available

Construction-Specific Functionality With Powerful Accounting and Analysis Tools for Small Construction Companies and Specialty Contractors

ATLANTA, GA--(Marketwire - June 12, 2007) - Sage Software announced today the availability of the Peachtree by Sage 2008 product line, which includes the new version of Peachtree by Sage Premium Accounting for Construction. The Peachtree 2008 line includes an array of customer-driven enhancements that save time around daily tasks such as invoicing, document management, and utilizing reports and forms.

"We've built Peachtree Premium Accounting for Construction to address major pain points for small construction firms. By including capabilities to help them better manage their operations, from sub-contractors to employees, Peachtree Premium Accounting for Construction can assist them with staying on top of critical details, and better forecast for the highs and lows of doing business," said Connie Certusi, general manager of accounting solutions, Sage Software. "The customer-designed advancements we've brought with Peachtree 2008 combine more intuitive and easy to use features with the industry specific functionality and trusted double-entry accounting our customers appreciate to ensure accuracy and keep a firm hand on their company's activities."

In developing this release, Sage Software worked closely with small businesses through its Customer-Connected Design Center to identify opportunities to enhance functionality and introduce new features. The features and enhancements detailed below reflect product performance improvements, and the greater control small businesses can exercise within Peachtree:

--  Invoicing -- using the new Broadcast Invoices feature, small
    businesses can save time by creating one invoice in just a few clicks, and
    send it to any number of customers based on many filtering options.
--  Reporting -- small businesses now have the control to customize 19 of
    the most popular accounting reports within Peachtree using 100 available
    fields in which to add information.  The reporting improvements also
    include 50 new filters, 30 new sorts and greater drill-down capabilities.
    Peachtree 2008 also offers a new Transaction Detail Report which is a
    comprehensive report that enables small businesses to see key information
    related to any transactions from one location.
--  Forms Design -- a new design screen offers small businesses more
    flexibility for adding color, logos and other information to customize the
    standard layout on forms such as invoices, sales orders, quotes, etc.
    Additionally, standard form layouts can be modified easily by turning on
    and off fields from the transaction screen, and the changes are
    automatically reflected on the printed form.
--  Document Management -- Peachtree 2008 includes a new document
    management feature that enables small businesses to add attachments to
    records such as vendors, employees, inventory items, payroll checks, or
    quotes directly within the product for better tracking and management.  All
    file types are supported with this feature including Microsoft® Excel®
    spreadsheets, Microsoft® Word documents, photographs and scanned files.
--  Inventory -- businesses with physical inventory can now select the
    number of decimal points they desire up to a maximum of five for both the
    quantity and unit price fields.  This feature is ideal for companies that
    need to track specific unit or quantities beyond a standard two decimal
    settings, allowing for a more precise representation of their inventory and
    pricing structure.
--  Time saving -- small businesses will experience faster transaction
    saving and record opening time within the product while working in reports.
    Additionally, customers who don't require the Business Status Center or
    product Navigation Screens can now permanently hide them which also
    improves the time required to open Peachtree.
    
In addition to new core features, Peachtree Premium Accounting for Construction 2008 includes construction-specific functionality with powerful accounting and analysis tools, to help owners of small construction companies and specialty subcontractors better manage their operations.

Using Peachtree Premium Accounting for Construction, construction-based small businesses can track progress billing, calculate labor burden, monitor insurance expiration dates, and companies using an accrual based accounting method can also manage retainage payables and receivables. Additionally, Peachtree Premium Accounting for Construction 2008 comes with Crystal Reports® for Peachtree to provide even greater operational and financial analysis with customized reports.

With Peachtree Premium Accounting for Construction, start up is simplified with the Set up Wizard and sample charts of accounts. Strong security features, reporting options, Business Status Center and greater integration with Microsoft Office applications offer small construction companies an accounting package that will help them streamline operations and better manage business cycles to generate positive results. Peachtree also makes payroll processing easier, allowing customers to focus on their growing businesses. Whether a contractor prefers the convenience of full-service payroll or the control of in-house payroll, Sage Software offers a suitable solution.

"My experience with Peachtree has been great from the start, and I love the Peachtree Payroll Service," said Glenda Chestnut, office manager, Coastal Millwork LLC. "The program itself is user friendly and provides us with all the tools we need to manage our business, get payroll done in a timely manner and generate the necessary reports we need for accounting and analysis."

Growing companies recognize Peachtree as a powerful tool to help them manage current and future growth, and Sage Software offers the assistance they need to manage that growth. Also available in the product line is Peachtree -- Quantum by Sage 2008. Introduced in 2006, Peachtree Quantum is the most comprehensive application in the product line, offering all of the new features and enhancements along with more user and transaction volume support. Included with Peachtree Quantum is Peachtree Quantum Business Care, an extensive service plan that includes all the product updates and upgrades that become available within 12 months of the product purchase date, access to online training and one year of unlimited access to Customer Support.

As small construction related companies grow and require additional scalability, there is also a clear migration path available for them up to the company's Sage Timberline and Sage Master Builder products.

Pricing and Availability

Peachtree by Sage Premium Accounting for Construction 2008 and the industry-specific solutions for accountants, distribution, nonprofits and manufacturing are now available direct from Sage Software, selected resellers, and hundreds of Peachtree Certified Consultants nationwide. The manufacturer's suggested retail price for Peachtree by Sage Premium Accounting for Construction 2008 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 nearly 2.8 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 the construction, distribution, healthcare, 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 and mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.4 million customers and employs over 13,000 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

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