Accounting is an integral part of any business, literally the lifeblood. How good your accounting processes is will determine the success or failure of your company. To achieve this goal, you’ll need the right software tool, and that’s where Sage 50 comes in. Your search might have led you to this software, which used to be called Peachtree Accounting Software.
How effective is Sage 50? Is it worth the money? How much does it cost? These are probably the questions you have.
For a platform that promised to accomplish so much that it appears unbelievable, how do they truly follow up to their promises? Are they a fraud or are they legit? Whichever it is, you will find out at the conclusion of this Sage 50 Review.
Sage accounting is a popular mid-tier accounting software for small businesses but is it the right accounting software tool for you? we seek to answer that question as we cover the most important things you should consider before purchasing an accounting tool including pros and cons pricing and features.
What is Sage 50 Accounting?
The Sage 50 Accounting Software is on of the top accounting software full out of the box solution for small firms who need to manage their accounting responsibilities properly. The program may also be used to run firms on the medium size, providing the number of workers stays within the 0 – 50 range.
Sage 50 promises to help your company as it expands, giving a form of progressive pricing plan that is unusual on the market.
What it implies is that you will only be paid for the software depending on the number of users/ staff in the business, letting you grow at the same pace as your wallet allows.
With this program, you may pick numerous plans that govern what your setup will be managing directly. In other words, you get to utilize the Sage 50 for more than simply Accounting.
Having been in the market for a while and the choice of millions of companies across the world, the management behind the software are doing something outstanding to have retained such a user and client base for so long.
List of Features Sage 50
- Cash flow monitoring
- Invoicing
- Online bills payment
- Project management
- Inventory management
- Customer management
- Basic accounting
- Insights and Analytics generation
- Customisable reports and financial statements
- Sage advisor
- Terminal services
- When you log into your sage account the first thing you’ll see is the dashboard which provides a high level overview of your financial transactions over the course of the past month this includes a graph of your balance cash flow in and cash flow out customers aren’t able to drill down into specific sections or transactions from this dashboard.
With such list, we can simplify it into three items. First, your sage 50 program will perform whatever you want from it when it comes to basic accounting, inputting money that comes into the firm and cash that goes out so that you may make Profit and Loss statements as well as preserve a master ledger.
The accounting goes on to incorporate more than just money but physical assets too. Inventory just became simpler for your company.
Next, you get to take benefit of the invoicing option in being paid by customers for services. Last but not the least is the availability of payroll services, enabling to maintain your monthly salary/ wage and bill payments automated to the teeth.
Pros
- User friendly for the average user who is not a professional bookkeeper or accountant
- Easy to setup and use
- Responsive customer support
- The reporting is excellent
- Ability to manage enormous inventories
- Very good for auditing
- Very affordable
- It allows customers to create advanced customized reports also its cash flow forecast graph provides 30 day visibility into expected cash balance sage accounting.
Cons
- It might be challenging to learn
- Bank reconciliation is sometimes ineffective
- There is no CRM integration
- Payroll and time tracking must be purchased through third-party applications
- Fewer payment gateway options
- Sage’s application can sometimes take a long time to load
- You cannot rearrange the dashboard to have your preferred sections at the top
Sage 50 Pricing
The Sage 50 software comes with three different price choices. They may be accessible right away by purchasing the one that best meets your current requirements.
Whether you have any reservations, you may start with a free trial to see if it is right for you. When you’re ready to commit, you may choose from the following options:
- Pro Plan – $439/ year
- Premium – $679 – $1609/ year
- Quantum – $1729 – $2879/ year
The plan you select will be determined by the number of users you want to grant access to the platform and the features you require. Before you proceed with payment, you will have access to all of this information on the official platform.
Final Words
Sage 50 may not be the least expensive accounting software you can purchase for your small company, but it is superior to most others. The flexibility of the price plan makes it a further intriguing alternative to examine.
To be frank, every plan appears little costly. Compare the pricing against what you are receiving for such money and you will agree with us that it is worth every buck
Do you agree with our recommendation for stage accounting? We would love to hear your thoughts in the comments below.