Peachtree is an application that is used for managing small and medium sized businesses. The tool has been developed by Sage. Sage has brought over 30 years of experience to the arena. With so much experience in managing small and medium business, the efficiency of Peachtree can not be questioned. The importance of Small and Medium Enterprises can be judged by the fact the more than 99% of European businesses are SME. SME are the backbone of European economy. Interesting fact is that 9 out of 10 SME are micro enterprises with not more than 10 employees. SME play a vital role in US economy as well.