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As an accounting software, it’s important to have a dependable system in place that can manage your company’s accounts efficiently. Sage 50cloud Accounting is one such software solution with features like filing and tracking expenses, invoices and bills for clients.
The “what is sage 50 accounting software” is a question that many people ask. The “Sage 50cloud Accounting Review, Pricing & Features for 2022” will provide you with the answer to this question and more.
Sage 50cloud Accounting is an on-premise accounting software application that automates administrative operations including invoicing, payments, and inventory management. A cash flow manager, bank reconciliation, job costing, payroll, and reporting are among the features. For a single user, the price starts at $56.08 per month.
Sign up for the company’s test drive program to acquire a free cloud-hosted version of Sage 50cloud Accounting with sample data. Before you decide to buy it, you may try it for free for 30 days. When signing up for the test drive, you do not need to enter your credit card information.
Sage 50cloud Accounting may be found on the internet.
What Sage 50cloud Accounting Is Good For
For small and medium companies (SMBs) searching for a scalable desktop accounting application with remote data access, we propose Sage 50cloud Accounting. You can upload your data to the cloud and have your trusted accountant work on it from anywhere, on any device, as long as they have an internet connection and Sage 50cloud United States edition installed on their computer or smartphone, using Sage Drive, which is included in the latest release of Sage 50cloud Accounting.
Sage 50cloud Accounting is a powerful hybrid accounting software that helps you manage cash flow, taxes, banking, payroll, and inventory.
The Sage 50cloud Accounting Software Is Particularly Beneficial For
- Businesses searching for a QuickBooks alternative might consider Sage 50cloud Accounting. Unlike QuickBooks Online, which needs a separate subscription for each business, Sage 50cloud Accounting enables multiple organizations. In addition, its Quantum Accounting version has additional industry-specific features than QuickBooks Online. If Sage 50cloud isn’t the right match for your company, have a look at our other QuickBooks alternatives.
- Sage 50cloud Accounting is our recommendation for the finest multicompany accounting software for combining firms for users who require consolidated financial statements. Set up and manage as many businesses as you like with the Premium Accounting service. You may also aggregate numerous firms’ financial statements, and Sage 50cloud will reconcile intercompany accounts and transactions for you.
- Businesses looking for desktop software might choose Sage 50cloud, which is meant to be installed on a desktop computer while still providing the benefits of the cloud.
It Isn’t a Good Fit For Sage 50cloud Accounting
- Small company proprietors that do it themselves (DIY): Sage 50cloud isn’t the accounting software for do-it-yourself entrepreneurs. Sage 50cloud is tough to master if you wish to do your own books, and we don’t suggest it for non-accountants. Instead, we suggest using QuickBooks Online. To learn more, read our QuickBooks review.
- Businesses searching for accounting software that can be accessed from a mobile device: Sage 50cloud Accounting does not have a specific mobile app, however it does provide remote data access using Sage Drive. Read our assessment of the top mobile accounting applications if you require full-featured accounting software with a mobile version.
- Multiple user companies: Sage 50cloud Accounting supports one user in Pro and up to five in Premium, but extra licenses must be purchased. If you have more than 10 users, you must buy the most costly plan.
Are you on the lookout for something unique? Check out our top selections in our guide to the best small company accounting software.
Overview of Sage 50cloud Accounting
Sage 50cloud Accounting may be found on the internet.
Case Study of the FSB
Fit Small Business created a case study to assist us in evaluating accounting software services in 11 different categories. We feel that the best way to determine the software’s capabilities and appropriateness for your small company is to try it.
When we compared Sage 50cloud against its immediate rivals, QuickBooks Online Plus and QuickBooks Desktop Premier, it came out on top. When compared to its rivals, Sage 50cloud excels in project accounting and reporting, while falling short in banking and inventory management. While it has similar functionality as QuickBooks, we believe it is more difficult to use.
Pricing for Sage 50cloud Accounting
Sage 50cloud Accounting has three options to choose from, all of which may be either monthly or annually. Sage 50cloud is now offering a 40% discount on all plans.
AutoEntry connection, Sage Invoice Payments, and a self-service payroll module are among the other add-ons offered. To discover more about the provider’s add-ons, go to its website.
Accounting features of Sage 50cloud
Sage 50cloud Accounting has a number of features that are aimed to assist users in automating, streamlining, and managing their accounting tasks. Individual users may scale the features, and the most costly package is suitable for managing many businesses. Bank reconciliations, invoicing, banking and payments, and inventory management are all possible with it.
Let’s look at some of its best features in more detail.
Generally speaking (8.80 out of 10 points)
You may enter basic firm information as well as other relevant details such as entity type and fiscal year-end. You may also add user restrictions and import or change the chart of accounts. The user interface of Sage 50cloud is similar to that of QuickBooks Desktop. We believe that first-time users will struggle to comprehend the software’s flow.
General Features of Sage 50cloud Accounting Video
Accounts Receivable (8.90 out of 10 points)
Accounts Payable (A/P) module in Sage 50cloud
The Sage 50cloud A/P module is packed with useful capabilities, yet it may be overwhelming at times. Vendors, costs, purchase orders (POs), and billings may all be created via the AP module. If you have standard service charges, you may also construct service items and determine their costs. Even if solely for its AP features, Sage 50cloud is deserving of praise. The software’s simplicity of use, on the other hand, isn’t what we’d expect for in a small company accounting program.
The AP module’s interface is cluttered, and the navigation flows involve an excessive number of popup windows. Sage 50cloud is a software program aimed at accounting experts, not small company managers or owners, in our opinion. Sage 50cloud can be challenging for those who have little or no experience with accounting software or accounting principles.
Accounts Payable Sage 50cloud Accounting Video
Accounts Payable (A/R) (7.85 out of 10 points)
Sage 50cloud’s accounts receivable (A/R) module has several capabilities seen in rivals’ software, although they aren’t as sparkling and current. Invoice management in Sage 50cloud allows you to create PDF invoices from records, print receipts, examine customer accounts, and send credit notes. The ability to issue checks for clients with credit balances is unfortunately the sole functionality that Sage 50cloud lacks.
A/R module for Sage 50cloud
Sage 50cloud: Creating a New Invoice
However, utilizing all of these capabilities isn’t as simple as we’ve found when comparing Sage 50cloud to its rivals. The interface and general layout design are outdated, resembling the menu bars, drop-down menus, and popup windows seen in Windows 97. We find it perplexing that practically every click results in the creation of new windows. Sage 50cloud, on the other hand, does not disappoint in terms of features.
Accounts Receivable Sage 50cloud Accounting Video
Banking and Cash Management (8.10 out of 10 points)
The banking features in Sage 50cloud are useful because you can link them to your bank accounts, which is useful for reconciliation. You may import your financial activity by uploading a bank statement if you don’t want Sage to have access to your bank account. We also enjoy that Sage 50cloud doesn’t need a bank connection to do financial reconciliation.
We’re happy that it reflects the balances for outstanding checks, deposits in transit, adjusted balances, and any unreconciled disparities when reconciling book and bank accounts. We can’t seem to merge cheques and cash into one deposit, however. Despite the fact that it isn’t a big feature, we believe it helps to transaction simplicity of use. Overall, Sage 50cloud’s reconciliation is exactly what we’re looking for, and we’re happy with its features.
Accounting, Cash Management, and Banking with Sage 50cloud Video
Fixed Assets are assets that cannot be changed (1.00 out of 10 points)
Except for identifying assets as fixed assets, we couldn’t locate any relevant fixed asset accounting functionalities on Sage 50cloud. There’s also no function that tracks and calculates depreciation for fixed assets automatically. We believe that at the end of the year, users should manually enter these depreciation entries. Because of the restricted functionality for fixed asset management, there will be no video for fixed assets. Xero is our top pick for a solid fixed asset management solution. Your fixed assets and depreciation are managed by a specialist fixed asset manager.
Accounting for Projects (10 out of 10 points)
Sage 50cloud is an excellent project accounting tool. The project accounting capabilities include everything from starting projects to allocating project expenses and setting project estimations, despite the fact that the UI isn’t as appealing as other accounting applications. We’d also want to highlight the fact that Sage 50cloud can compare real and anticipated project expenses. We’re excited to see this functionality since project management and monitoring rely on it.
Project Accounting Video using Sage 50cloud Accounting
Sales & Income Tax (8.00 out of 10 points)
Sage 50cloud’s tax tracking is simple and clear. When compared to QuickBooks, both accounting tools have similar drawbacks, such as the inability to submit and pay sales tax liabilities directly via the software. They do, however, have certain similarities, such as the ability to monitor sales taxes through the sales tax obligation account and the capacity to set up tax rates. Because this section is already incorporated into A/R, A/P, and general features, there is no tutorial video for this region.
Take a look at your inventory (8.75 out of 10 points)
In terms of inventories, Sage 50cloud lags behind QuickBooks. It does, however, have the most significant functions, such as automated cost of goods sold (COGS) accounting and calculation of ending inventories. Even if entering partial receipts of goods on POs is difficult and showing the entire cost of inventory on hand has limited capabilities, we believe Sage 50cloud is still a good solution. Because inventory assessment is also part of A/R and A/P, there is no video for this one.
Making a report (10 out of 10 points)
Sage 50cloud allows you to create a wide range of reports. Our case study, on the other hand, simply looks at the reports that are required for small company accounting. Here are the reports that Sage 50cloud can create, which we seek for in small company accounting software:
- Balance sheet comparison
- Comparative profit and loss (P&L) statement
- a cash flow statement
- A/R aging
- A/P aging
- Month-by-month income/loss
- Customer profit/loss
- Class-by-class income/loss
- Location-specific revenue/loss
- Project-by-project revenue/loss
- Charges that have not been billed
- Time that was not billed
- Customer transaction list
- Expenses incurred by each vendor
- Ledger general
- Trial and error
Service to Customers (5.00 out of a possible ten)
When compared to other accounting software providers, Sage 50cloud’s customer support is only ordinary. We enjoy that people may reach out to them through email, live chat, or a chatbot. They also provide a lot of self-help resources. However, it would be preferable if consumers could call them. If this is a problem for you, we suggest Zoho Books since it has one of the greatest customer support of any software product.
App for mobile devices (1.00 out of 10 points)
We’d want to see a mobile app that can assist people keep track of their books even if they aren’t using the desktop version. We wish Sage 50cloud’s app included more fundamental accounting tools, but it is severely lacking. Sage 50cloud Take can only capture receipts and does not have the ability to issue invoices, classify costs, or do other critical mobile app activities. For an excellent mobile app, we suggest FreshBooks or Zoho Books.
Options for Assisted Bookkeeping
There are no online accounting services that support Sage 50cloud that we are aware of. While Sage certifies accountants as Sage 50cloud specialists, finding a registered consultant in the United States might be challenging. Finding an independent bookkeeper with Sage 50cloud expertise will be your greatest choice for help in the United States.
Integrations
Sage 50cloud connects to 115 different third-party apps in a variety of areas, including data input, ecommerce, and time tracking. Furthermore, Microsoft 365 is the most well-known connection. The premium features of Microsoft 365, including Word, Excel, PowerPoint, Access, and Outlook, are available for an extra $150 each year. OneDrive also gives you 1TB of online storage.
Alternatives to Sage 50cloud Accounting
Conclusion
Sage 50cloud is a cloud-based accounting software. Accounting has a lot of advantages for small firms. The software, on the other hand, is an impediment for small company owners and managers since it is difficult to use. For persons who are unfamiliar with accounting and accounting software applications, Sage 50cloud may be difficult to use, and finding help in the United States can be challenging. Sage 50cloud can be learned and mastered by a professional accountant, therefore if you have an experienced bookkeeper or accountant handling your accounts, we suggest Sage 50cloud. Otherwise, we suggest that you use an other piece of software.
Sage 50cloud is a cloud-based accounting software that offers features and pricing for small businesses. It’s also one of the most popular accounting software on the market. The “sage 50cloud vs quickbooks” article compares these two software programs to help you decide which one is best for your business.
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