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Nonprofit Bookkeeping – QuickBooks® Vs Peachtree®

Both of these programs include special features for nonprofit bookkeeping. In our accounting software review, we found Peachtree to have stronger nonprofit accounting, while QuickBooks offers better management of the fund raising campaign and donor pledges.

The QuickBooks product line includes the Premier Nonprofit Edition 2005. Targeting not-for-profit businesses, this fund raising software provides standard business accounting along with features that help manage the fund raising process and donor pledges.

Peachtree, on the other hand, includes the Premium product line. Peachtree Premium adds nonprofit bookkeeping features to the basic Peachtree Complete. Crystal Reports® for Peachtree, archiving of company data, better and easier use of departmentalized financial statements, company consolidation, and advanced budgeting are the primary features that are added.

If you are using spreadsheets to report on key data, this shows that more reporting power is needed. The integration of Peachtree Premium with Crystal Reports helps ensure that nonprofit bookkeeping data can be displayed in Peachtree without having to resort to external spread sheet programs. After they have been designed, any custom Crystal Reports will appear in the Peachtree's standard menu of reports. For additional information on Crystal Reports, see a recent review by PC Magazine.

The improved departmental tracking offered by Peachtree Premium is important because the proper use of departmentalized financial statements allows separate statements to be printed for each fund - ie each funding source can have it's own statement of income and expenses.