- 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 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.
- 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.
- It has the capability of "Single Click" processes that allows you to turn Quotes into orders, instant invoicing and track A/R in the Order Screen
- I can email Sales Orders directly to my Customer and also remind them of past due from a single screen. I can track Project, Closeouts, Over Seas order by setting up Jobs and clicking the job name in Order Entry.
- You can use recurring entries and copy and paste on the P&L, using masking for department reporting and budgeting
- You can use the BI feature and export into Excel in Pivot format and utilize Timeline and Slicer to see the company overall performance by months, day or years
- I would like them to add to Purchase ordering the "Single Click" feature in order to received a PO complete rather than line by line receiving
- Inventory control - plenty of information at your fingertips
- Sage payment Solutions - ease of integration with payment systems
- Reporting - Ease of getting crucial information quicky and efficiently
- The images take awhile to upload in the inventory.
- Never tried to run the Crystal Reports.
- Had a problem with Sage forms on initial order for checks took awhile.
- Payroll / Employee Time Sheets
- Tax Reporting
- Tracking Accounts Payable / Vendor Disbursements
- Tracking Accounts Receivable / Customer Payments
- Banking Reconciliation
- 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.
- 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.
- 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.
Sage 50 Accounting Review: "Sage50 is the #1 accounting software as recommended by accountants for a reason!"
- 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
- Sage 50 has added the business Intelligence reporting tool that allows us to pull mass data and manipulate it in the system. This helps alleviate the dependency that we originally had using excel. The old version did not really allow to pull mass data without it crashing and this is a great improvement.
- Sage50 is designed for the Non-accountant who does not have an in depth experience in Accounting. It can be used by many small businesses and does not require extensive time and knowledge to set up. The wizards are phenomenal and the user does not really need a full knowledge of Accounting to operate. It is efficient and super easy to navigate. The initial operations of Sage requires little time to set up and the ongoing maintenance is minimal.
- Sage 50's design helps eliminate the time it takes to correct Accounting errors. You can set it up to have either maximum or minimum controls which is helpful to manage your day to day business. It does not take several iterations and steps to correct a minor error that you make - as you do in other systems.
- The out of the box reports are not appealing and take a bit to clean up during the end of the month. The set up of the reports can be quite tedious and not very intuitive. They need to do a better job of adding the drop and drag tool in a more visible way so that it is easy for the end user.
- Sage needs to add the ability for the users (in a controlled environment) to manipulate the look and feel of the input screens. It gives you minimal options to add fields to certain areas.
- The help feature does not have the "google" type of intelligence that allows you to search on phrases. If it is not exact, it does not do a very good job of filtering through items that you really don not need. I have used more of the internet searches to figure out my problem because it wasn't easy to pull up the help option in Sage.
- 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 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.
- 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.
- It was very user friendly. I only used it for nine months, and within six weeks I had mastered all of the functions that I was using daily.
- I never found anything that I wished it could do that it couldn't.
- I can't think of anything off hand - the functionality was precisely what I needed it to be.
- Handles our payroll of over 50 employees with ease
- All of our users find it quite easy to use
- Have never had any downtime with the software
- Reporting for projects is too light with little to no flexibility
- Payroll reporting is also too light
- It does not allow changes to prior period beginning balances. This is important when we receive information from clients. Thus when we make changes to tie to our prepared tax returns, the client is unable to make any change that will cause us additional work in future years.
- The reports are easy to read which should assist clients in managing their finances.
- I believe that training on the system should be provided as the system is sophisticated and not as user friendly as some other accounting software packages.
- There should be some additional flexibility in the reports to allow users to retrieve the information they need.
- Running reports
- Exporting reports
- Drilling down is simple
- Sometimes the screens are busy which can make it easy to get lost
- While the reports are great, you need to know where to look
- Some areas could be more intuitive.
- Easy to navigate
- User-level security settings
- Export / Import from Excel
- Too many program updates without actual noticeable change.
- Import of entries from Excel could be easier.
- A/P Check writing is cumbersome and prints items that it shouldn't.
Sage 50 Accounting Scorecard Summary
Feature Scorecard Summary
About Sage 50 Accounting
Sage 50 Accounting Integrations
Sage 50 Accounting Competitors
|Sage 50 Pro Accounting||$299||Per year|
|Sage 50 Premium Accounting||$449||Per Year|
|Sage 50 Quantum Accounting 3 User||Starting at $1,499||Per year|
Annual traditional plan with license, monthly, and annual subscription plans available.
Sage 50 Accounting Customer Size Distribution
|Small Businesses (1-50 employees)||90%|
|Mid-Size Companies (51-500 employees)||10%|
|Enterprises (> 500 employees)||0%|
Sage 50 Accounting Support Options
|Free Version||Paid Version|
Sage 50 Accounting Technical Details
|Mobile Application:||Apple iOS|
|Supported Countries:||United States of America|