The US version of the product was previously called Peachtree Accounting. A conversion to the Peachtree/Sage 50 data format was made available when Simply Accounting was discontinued. In 2013, it was rebranded under the Sage 50 banner. Peachtree Accounting was originally sold by
Peachtree Software, a
software publisher founded in Atlanta in 1978 by Ben Dyer, Ron Roberts, Steve Mann, and John Hayes. The company was carved out of The Computer System Center, an early
Altair dealer founded by Roberts, Mann, Jim Dunion, and Rich Stafford, which Dyer had joined as manager, and where its first software was published in 1977. Peachtree was the first successful business software made for
microcomputers, supplanting the General Ledger programmed with CBASIC and distributed by Structured Systems Group. It is the oldest microcomputer program for business in current use. The company expanded its offerings with the acquisition of
Layered, an accounting program designed for use on the
Macintosh. The company's products were included in the initial launch of the
IBM Personal Computer, and it was acquired by
Management Science America (MSA) in June 1981. By early 1984,
InfoWorld estimated that Peachtree was the world's seventh-largest microcomputer-software company, with $21.7 million in 1983 sales.
Intelligent Systems Corporation bought Peachtree from MSA, reportedly for $1 million, in 1985; the unit had $20 million in sales but was losing money. Peachtree had sales of $3 million in 1986 and $10 million in 1987, and returned to profitability, but Intelligent Systems sold Peachtree in a
management buyout in 1988 for $20 million to fund other subsidiaries. Later owned by
ADP, Inc., Peachtree was eventually acquired by the
Sage Group in 1998 for million. In the US, many schools incorporate this program into their Accounting classes. A 1990
American Institute of Certified Public Accountants (AICPA) member survey found that 8% used Peachtree for client write-up. While second only to Write-up Solution (11%) and slightly ahead of AMI Datawrite (8%), 16% of its users said they would not recommend Peachtree, compared to 1% for Creative Solutions and 4% for AMI Datawrite. 4% used Peachtree for fixed assets/depreciation, with 20% saying they would not recommend it. 17% of AICPA respondents had Peachtree installed. While the most among general-accounting software—ahead of 12% for
MAS 90/Evolution and 8% for
ACCPAC—11% of users would not recommend Peachtree, compared to 2% for MAS 90/Evolution and 3% for ACCPAC. == Canadian version ==