Overview
What is Sage 50cloud Accounting?
Sage 50cloud Accounting (formerly Sage 50 Accounting) is accounting software designed for small businesses. Sage 50cloud Accounting (formerly Sage 50, and formerly Peachtree) lets businesses invoice customers, pay bills, manage inventory, control costs, and pay employees. The solution includes high-level…
Trustworthy, reliable software
Using Sage50 Cloud in an SMNE
Sage 50cloud Accounting review
Sage 50cloud Accounting at its best
Perfect for all industries
Complications simplified
It serves as one tool and go to place …
Standard accounting software
Sage 50cloud Accounting - I like it, but it has its faults
Sage 50 is nifty!
Solid, but not spectacular, small business accounting
Stay Away From Sage
Great software!
Sage 50cloud Accounting Review
Sage 50 Premium Accounting a great deal
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Bank reconciliation (26)9.797%
- Accounts payable (27)9.797%
- Accounts receivable (26)9.797%
- Cash management (26)9.393%
Reviewer Pros & Cons
Pricing
Sage 50 Pro Accounting
$299
Sage 50 Premium Accounting
$449
Sage 50 Quantum Accounting 3 User
Starting at $1,499
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 9.5Pay calculation(16) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 9Benefit plan administration(12) Ratings
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
- 8.9Direct deposit files(12) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
- 9Salary revision and increment management(13) Ratings
Salary revision is the ability to modify individual employee pay.
- 9Reimbursement management(13) Ratings
Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 9.7API for custom integration(10) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 9.7Plug-ins(11) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- 9.7Single sign-on capability(19) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 9.7Role-based user permissions(21) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 9.7Dashboards(24) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 9.7Standard reports(25) Ratings
The software offers pre-built reports with metrics standard to the category.
- 9.7Custom reports(24) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 9.7Accounts payable(27) Ratings
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
- 9.7Accounts receivable(26) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 9.3Cash management(26) Ratings
The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.
- 9.7Bank reconciliation(26) Ratings
The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.
- 9.5Expense management(24) Ratings
The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.
- 9Time tracking(13) Ratings
The software can track billable and non-billable employee time by project.
- 9.5Fixed asset management(16) Ratings
This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.
- 8.9Multi-currency support(10) Ratings
The software supports transactions across multiple currencies.
- 9Multi-division support(14) Ratings
The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.
- 9Regulations compliance(13) Ratings
The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.
- 9.3Electronic tax filing(12) Ratings
The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.
- 9.7Self-service portal(9) Ratings
The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.
- 9Global Financial Support(4) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 9.5Primary and Secondary Ledgers(6) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 9Intercompany Accounting(7) Ratings
Automatically balance and reconcile GL for intercompany transactions
- 9.5Localizations(6) Ratings
Meet reporting requirements with country-specific localizations
- 9.3Journals and Reconciliations(15) Ratings
Automate and synchronize ledgers and processes
- 9.5Enterprise Accounting(7) Ratings
Create accounting for disconnected ERP and non-accounting source systems
- 9.5Configurable Accounting(8) Ratings
Configure accounting rules and segments for each chart of accounts
- 8.4Centralized Rules Framework(5) Ratings
Integrate disparate ERP and transactional systems into single ERP instance
- 9.5Standardized Processes(11) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 9.5Inventory tracking(17) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 9Automatic reordering(10) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 9.5Location management(8) Ratings
The software can track multiple goods across multiple locations.
- 8.9Manufacturing module(8) Ratings
The software helps track and manage raw materials, work-in-progress items, and finished goods.
Order Management
The ability to process orders, and track them from quote to cash.
- 9.5Pricing(17) Ratings
Users can set up complex and unique pricing requirements.
- 9.5Order entry(19) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 8.9Credit card processing(12) Ratings
The software facilitates credit card processing.
- 9.5Cost of goods sold(17) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
- 9.5Order Orchestration(6) Ratings
Define and execute order fulfillment processes for products as well as services on the same order.
- 9.5End-to-end order visibility(7) Ratings
Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics
- 9.5Order exception Resolution(6) Ratings
Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Sage 50cloud Accounting?
Sage 50cloud Accounting Features
- Supported: Get paid fast. Create quotes and sales orders, invoice customers and make sure they pay on time. Process credit cards to get paid even faster.
- Supported: Keep control of expenses. Record bills, write checks and keep track of credits and returns. Analyze vendors to negotiate the best prices and reduce costs.
- Supported: Be smart about managing money. Forecast cash needs now and into the future. Run ñwhat ifî scenarios and adjust cash in and cash out to cover upcoming expenses.
- Supported: Plan and track inventory. Keep track of on-hands, issue automatic POs when inventory drops, and track performance of products and services.
- Supported: Manage jobs and projects. Break large jobs into phases, tracks costs by the phase and cost code, and bill as the job progresses.
- Supported: Add more users and controls whenever your growing business is ready.
Sage 50cloud Accounting Integrations
- Spoom
- Deltek TrafficLIVE
- Projector PSA
- QuoteWerks
- Sage Payroll Solutions
- Sage Payment Solutions
- Sage Checks and Forms
- Sage Mobile Sales
Sage 50cloud Accounting Competitors
- Priority AccountEdge
- QuickBooks Pro
- QuickBooks Premium
- QuickBooks Enterprises
Sage 50cloud Accounting Technical Details
Deployment Types | On-premise |
---|---|
Operating Systems | Windows |
Mobile Application | Apple iOS |
Supported Countries | United States of America |
Supported Languages | English |
Frequently Asked Questions
Sage 50cloud Accounting Customer Size Distribution
Consumers | 0% |
---|---|
Small Businesses (1-50 employees) | 90% |
Mid-Size Companies (51-500 employees) | 10% |
Enterprises (more than 500 employees) | 0% |
Comparisons
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Reviews and Ratings
(155)Attribute Ratings
Reviews
(1-15 of 15)Total Finance rethink
- Project reporting
- Bank reconciliations
- Cashflow
- CIS remittances - show tax deducted
- Payroll job specific costings
Bank reconciliation - easy to follow and match entries. Reporting is good for showing any missed payments/unreconciled entries
CIS Element - could be geared more to Subcontractor in terms of reporting Tax deducted on Remittances
Using Sage50 Cloud in an SMNE
- Invoicing
- Reporting
- Forecasting
- More user ability to amend templates
- Clearer help on the more complicated tasks
- Differing levels of reports for users who are from non-accounting backgrounds
Sage 50cloud Accounting review
Without the software processing would take time. By using the software we save time, get flexibility of working anywhere as it is cloud based. These are just a few benefits. Example the using the bank feeds to import bank statements normally posting one transaction at a time would be time consuming. You also minimise errors.
- Bank Reconciliation
- Final Accounts
- Reports
- Making adjustments
- Correcting a Bank rec
- More reports
- Easy invoice entry - with a few clicks you can enter an invoice for payment and then find it when it's time to pay.
- Easy reporting - finding financial reports is quick, easy, and accurate!
- Printing checks is simple - you can do a batch payment in a matter of minutes.
- Only checks can be received into Sage - credit card payments cannot be taken.
- Entering a credit from a vendor or customer can be cumbersome.
Sage 50 handles your small business accounting needs if you don't mind the PC resource usage.
- We can build "templates" for recurrent charges/invoices. This saves some time and also ensures that we always use the right accounting rubric.
- A lot of additional information can be filled out such as client information (name, address, ...) which makes the software a little more complete.
- If you don't need an updated version every year (my case) then the software is not too expensive. The pro version that I'm using was just a little over $300.
- I really like the banking statement consolidation which allows you to ensure you got the right information registered.
- The software uses a server service in addition to the software itself. Both of these are quite demanding on a lower end workstation. Most of the time, when booting up the PC, the server service would not start and I would have to start it manually. I changed the laptops main hard drive for an SSD one and didn't get any problems since. Just don't expect that software to be light, it's quite demanding on the system.
- Not having an accounting background, I find myself often lost in the interface. I never know exactly where to input the information that I need to. To be fair, I would probably have the same problems with any accounting software.
Best Fit Sage 50 Accounting
- Financial statements that address the needs of government contracting, insurance audits, management.
- Payroll interface with the online timesheet program simplifies payroll and gives me labor reports for billing and project reporting in an excel spreadsheet (from the Sage time sheet program).
- Clients need to pay by credit card. It's processed inside the Sage 50 program so there is only one function to do instead of doing it online and then in the accounting program.
- Large purchase orders can be done so that billing is a snap! It will remember your transactions so you can use it to create a new PO or have it remember a vendor and repeat the billing each month automatically.
- Want to have an online Sage 50 so I can access it online from any computer without having to log into my work computer. Or make it compatible with Apple OS so it can be used on that format.
- It's upgrade and service fees are expensive for a very small business.
Sage 50: Today's Smartest Accounting Software Solution
- Sage 50 is superior in the basic reporting suite. From the point and click general ledger and other accounting reports, transaction research and error correction and reviews a very easy.
- Sage 50 allows for customization on most reports, including Invoices, Customer Statements and Report Forms. The less expensive programs won't let you do much more than just add your logo.
- Detailed Inventory. You have to be a major enterprise to not be well suited by Sage50's inventory intelligence.
- Job Tracking. Super easy as adding a job code when desired, brings to like a full suite of job costing reports and analysis.
- Chart of Accounts segment masking. Multiple division, multiple departments, and so forth are built right in.
- Sage 50 could use some improvement in the Invoicing Module to allow for more flexibility in the design of the Invoice fields. The report customization tools could use some upgrading for easier use.
- Fixed assets management module needs to be included with unlimited number of fixed assets.
Will this be a single user application? For a single user, micro-business, Sage 50 is priced out of their reach.
If multi-user, will remote access be necessary? Sage 50 is superior than most of its competitors on client server/hosted networks.
Do you do you own payroll? For companies that DO perform their own payroll, Sage 50 bubbles to the top of the list for in-house payroll programs.
Do your financial statements need material customizations? Sage 50 is well suited for modified report formats.
Sage 50 Rules!
- Great job of integrating all modules.
- Tax reports are easy to produce with most of the info already input.
- Although Federal Payroll support is extra, I have never had any problems with accuracy. It's easy to run credit cards through the system.
- I want the ability to print out Payable Invoices.
- I would like cost analysis to be more integrated.
Happy and easy
- Being able to produce financial statements in both cash and accrual basis with ease.
- Ease of use.
- The ability to export reports and data to Excel and/or Adobe. Especially useful for some reports and being able to manipulate the data.
- The ability to have more than one company and can have more than one company open at a time.
- Small issues with reports. When we do an upgrade to the system sometimes we lose some of our custom reports and have to go out and find them. We eventually recover them. Also have a small issue with the headers on the reports sometimes.
- The ability to change a closed year if you have to go back and restate something.
GM Demands On-Demand Reporting
- Rapid access to current backlog and history information.
- A wide range of custom reports as well as downloading into Excel for additional analysis.
- Customer, sales, shipment data all tied directly with the financials.
- More customization as to levels of access to data.
- A bit more simplified custom report builder.
- It is flexible - Sage 50 allows the user to customize the setup and functionality to suit their purposes
- It is stable - I have been using Sage 50 for 20 years and have found in that time that it is built on a solid foundation and you can rely on it keeping your data intact.
- It has an audit trail - this means that Sage 50 is not only doing proper double sided accounting in the background, but that the history of every transaction you make remains in the system and it makes it MUCH easier to find what you are looking for down the road.
- It has built in safety features - as the software is used by non-accounting people, it protects the integrity of your data by preventing entries to improper accounts and dates, something that lead users of other software, including QuickBooks, to make bad decisions off of unreliable financial statements.
- It needs better functionality with regards to customer refunds and credit notes
- The price of the payroll subscription is too high
Small Service Based Business
- Payroll / Employee Time Sheets
- Tax Reporting
- Tracking Accounts Payable / Vendor Disbursements
- Tracking Accounts Receivable / Customer Payments
- Banking Reconciliation
- Budgeting
- Job Profitability
We have one administrator, but have the ability to install the program for other employees with limited access, so that as our business grows we can add other employees to handle some responsibilities.
- I like the automated guides to set up complex features of payroll formulas.
- The business intelligence reporting seems very comprehensive, so that one could really "crunch the data" and analyze different aspects of their business.
- Sage annually improves the performance and features of their program.
- Being a small business with small margin for profit, we have to be extremely careful with controlling expenses. Sage is quite expensive for a small business that may not need all the "bells and whistles" of their product.
- Even though we are a small business, I get regular notices that our use of Sage 50 is close to exceeding the "optimum data storage", and encourages upgrading to their much more expensive Quantum product. This is irritating and if the data storage is truly in danger (probably due to not making old accounts "inactive"), then Sage should increase the data storage for their Sage 50 product.
- I would like to see more learning programs listed for Sage University that are free and always accessible. After purchasing the Sage 50 Premium subscription for hundreds of dollars every year, the learning programs AND certification should be free.
The Pros and Cons of Sage 50
- Sage 50 is a very sound accounting software package. One can create levels of security for individuals in an organization. One can retrieve prior year files in the software. Sage 50 actually closes out the income and expenses at the end of the year. One can not make changes to a prior accounting period in the current accounting period.
- Sage 50 has a very strong reporting function. It can produce monthly, quarterly, and annual financial reports, such as the balance sheet, the income statement, and the cash flow statement. It can produce comparison financial statements comparing two different time periods, for example two months, two quarters, and two years. One can create custom reports from Sage 50 information using Excel and Crystal Reports.
- Sage 50 allows an organization to customize the information that it collects from their customers, vendors, and employees. One can create an Accounts Receivable invoice or an Accounts Payable invoice to use 90% of the time. One can also alter the A/R and/or A/P invoice for a specific customer or vendor when it is required. The employee information can be customized in a similar way. One can keep track of employee's birthdays.
- Sage 50 has a strong inventory reporting system. Inventory is an important area for a business. Once the inventory is setup properly, one can get several useful inventory reports.
- Sage 50 should emphasize that a business or organization should find a local Sage 50 expert that they like. Sage 50 is very powerful accounting software. It can be hard to set up when one looks at all the common areas for the business or organization. These areas are the chart of accounts, customers, vendors, employees, jobs and/or services, banking, and reports. One should engage an expert to get the most out of Sage 50 for their business or organization.
- Users that are not accountants tend to have a hard time navigating in the Sage 50 software. Sage 50 training should improve.
- The job costing feature is too complicated in Sage 50. Between raw materials, work in process, finished goods, job phases, and actual and estimated income and expenses, it is easy to get confused.
- When one opens up Sage 50 the home page can easily become cluttered and imposing. Of course, one can customize it to see what they consider important. I think very few Sage 50 users are aware that the home page can be customized.
After considering all of the above factors, one should pick the correct Sage 50 package that fits their needs. Sage 50 will perform very efficiently.
Sage 50 From a Consultant's Point of View
- Sage 50 has a pretty good inventory management capabilities, providing multi-level BOMs, revision tracking and multiple costing methods, including specific unit costing with serial number tracking.
- Sage 50 has a robust financial statements report writer and now includes Sage "Business Intelligence", which is an excel-based custom dashboard/report writer as well. Sage 50 also includes very customizable forms and checks
- Sage 50 is easy to use and intuitive for those who are familiar with "debits and credits", journals and sub-ledgers (i.e., "old-fashioned" accounting!). The day-to-day work flow is easy to follow and the month-end work (like bank reconciliations and "closing" a month) are simple. Security features are appropriate for the typical users.
- Multi-segment accounts in chart of accounts allow great flexibility in departmental or profit center reporting, plus can consolidate multiple companies.
- Sage 50's main weaknesses come when comparing features to QuickBooks (which I also consult on). Sage 50 does not have the concept of Undeposited Funds, which is a great feature in QuickBooks, and missed by many when they go from QB to Sage 50. Sage 50 added "Select for Deposit", but it does not go far enough.
- Another missing feature is the ability for an accountant to take an "Accountants Copy" (like in QuickBooks), make changes, give that copy back to the client and have those changes integrate back into the client's Sage without overwriting work done by the client.
- A very unfortunate "feature" is that Sage no longer supports any version other than the most current year. That is rather draconian and very negatively affects users who have added services such as credit card payments or payroll. Those added services will cease to work if the user does not renew each year.
- Some consider the multi-segment accounts mentioned prior to be a detriment - again comparing it to the use of Classes in QuickBooks, which are easier, but not necessarily as robust.
Sage 50 or . . . . Sage 50, this is the question.
- You may retrieve any previous posting and especially recurring transactions after you have stored once.
- You can set up the recurring transactions based on frequency, weekly, monthly or annually.
- Use of manager center is a precious tool
- I have used Quickbooks and it has the Undeposited funds account, which does not exist at Sage 50, I created an account for this purpose and yes, i named it "Undeposited Funds" used for cheques received and undeposited.
- The reason we need the account is because when it flows through the bank account, it shows as one entry, the exact opposite side of the bank statement entry.
- In Quickbooks there exists the feature of creating a copy of previous transaction, which may be a one time transaction and you may not want to store it, probably Sage 50 can add such a feature.