From your point of view : Which is the best accounting software ?

It is depends upon Volume of Business ( Oracle and SAP )  for large businesses  ( Peachtree , Quick Books and Tally ) for small business .

I Think the best Accounting software is ORACLE

With reference to the current market senario and technological point of view the most recommended software is SAP.

This is totally based on the size, requirements, type and needs of the Organization / Company / Establishment / Partnership / Solepropritorship.

It is same as.....

"Once someone asked Ibraham Linkin that how long a man legs should be?

He replied just long enough to reach the ground"

SAP will be the best. Apart from the reasons stated above, there is one imp point about SAP which is its CRM.

Popular CRM tools (e.g. Salesforce) are very easliy compatible with SAP, I am not too sure about Oracle, as some of them have not mentioned exclusively about the Oracle.

For small organisations TALLY or Busy Win or MFG Pro could be used, they are cheap and fast.

Also Qlicview can be used as BI, its cheap and does the work.

Oracle better because it is more easy to implement and customize than SAP also the resources are available in good rate.

The best accounting software is the software that meets the following criteria:

The software that meets your requirements. 

The software which supported in your region. The best software without support is wortheless.

For the packages which satisfy the above, select the one which you can consider as an investment, i.e. it yields a positive Return On Investment (ROI). Please not to include with the initial investment, the running cost (both support fees and personnel total cost).

Another point here, it is better to use a software which supports all your business processes and not only accounting. If you go down that road you will end up with multiple systems which you will need to integrate at a later stage to get advantage of an integrated system. Begin with the end in mind.

for big companies : SAP

Sap and oracle are the best yet not everybody goes for it cuz by the end it depend on your requirement, your abilitis to but the software, use it 

it depends on the company volume  if the company needs to contorl its business so Oracle and SAP is the best both are large .

Peach Tree,Quick Books,Tally are samll software.

sap is an advanced technology,  it will beneficial in the current scenario compare to others.