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One additional factor to consider in your decision is that Peachtree Accounting is less expensive than QuickBooks. Both starter versions of Peachtree and QuickBooks are priced at $99.95 each, but full-featured version of Peachtree is priced at only $199.95 while full-featured QuickBooks Pro is priced at $299.95.
At end of day, biggest advantage QuickBooks offers over Peachtree is compatibility with other applications. For example, most commercial banks (Bank of America, SunTrust, etc...) provide you with files designed to work directly with
QuickBooks, so that you can read, study, and decipher transaction details. Also, some banks will allow you to update account information in real-time with QuickBooks. Check with your bank to see what accounting software their online services support, and you should be able to make your decision.
Brandon Hall owns http://www.accountingsoftwareportal.com A site dedicated to providing resources, links, articles, and news related to accounting software products.