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…
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
Sage 50 handles your small business accounting needs if you don't mind the PC resource usage.
Sage 50 is a great fit for SMBs.
Best Fit Sage 50 Accounting
Sage 50: Today's Smartest Accounting Software Solution
Awards
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Popular Features
- Bank reconciliation (22)9.090%
- Accounts payable (23)9.090%
- Accounts receivable (22)9.090%
- Cash management (22)9.090%
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.
- 9Pay calculation(14) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 9Benefit plan administration(11) Ratings
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
- 9Direct deposit files(11) 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.
- 9API for custom integration(8) 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.
- 9Plug-ins(9) 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.
- 9Single sign-on capability(17) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 9Role-based user permissions(17) 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.
- 9Dashboards(20) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 9Standard reports(21) Ratings
The software offers pre-built reports with metrics standard to the category.
- 9Custom reports(20) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 9Accounts payable(23) 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.
- 9Accounts receivable(22) 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.
- 9Cash management(22) Ratings
The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.
- 9Bank reconciliation(22) 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.
- 9Expense management(22) 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(12) Ratings
The software can track billable and non-billable employee time by project.
- 9Fixed asset management(13) 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(10) Ratings
The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.
- 9Regulations compliance(9) Ratings
The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.
- 9Electronic tax filing(8) Ratings
The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.
- 9Self-service portal(7) 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
- 6.9Primary and Secondary Ledgers(5) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 9Intercompany Accounting(6) Ratings
Automatically balance and reconcile GL for intercompany transactions
- 6.9Localizations(5) Ratings
Meet reporting requirements with country-specific localizations
- 9Journals and Reconciliations(11) Ratings
Automate and synchronize ledgers and processes
- 9Enterprise Accounting(6) Ratings
Create accounting for disconnected ERP and non-accounting source systems
- 9Configurable Accounting(6) Ratings
Configure accounting rules and segments for each chart of accounts
- 7.4Centralized Rules Framework(4) Ratings
Integrate disparate ERP and transactional systems into single ERP instance
- 9Standardized Processes(9) 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.
- 9Inventory tracking(16) 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.
- 9Location management(7) Ratings
The software can track multiple goods across multiple locations.
- 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.
- 9Pricing(14) Ratings
Users can set up complex and unique pricing requirements.
- 9Order entry(16) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 9Credit card processing(11) Ratings
The software facilitates credit card processing.
- 9Cost of goods sold(15) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
- 7.8Order Orchestration(5) Ratings
Define and execute order fulfillment processes for products as well as services on the same order.
- 7.4End-to-end order visibility(5) Ratings
Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics
- 7.8Order exception Resolution(5) 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
(151)Attribute Ratings
Reviews
(1-4 of 4)- 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
- Its flexibility of setup has been invaluable for getting my client's set up for ease of use, productivity and increasing benefits they get out of the product.
- QuickBooks Pro,Wave,mas90,PC Law,Accpac,MYOB
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.
- Accounts payable
- 100%10.0
- Accounts receivable
- 100%10.0
- Cash management
- 100%10.0
- Bank reconciliation
- 100%10.0
- Expense management
- 100%10.0
- Time tracking
- 60%6.0
- Fixed asset management
- 50%5.0
- Multi-currency support
- 50%5.0
- Multi-division support
- 60%6.0
- Regulations compliance
- 100%10.0
- Electronic tax filing
- 90%9.0
- Self-service portal
- 50%5.0
- Inventory tracking
- 100%10.0
- Automatic reordering
- 50%5.0
- Location management
- 50%5.0
- Manufacturing module
- 50%5.0
- Pricing
- 50%5.0
- Order entry
- 50%5.0
- Credit card processing
- 80%8.0
- Cost of goods sold
- 60%6.0
- Pay calculation
- 100%10.0
- Benefit plan administration
- 100%10.0
- Direct deposit files
- 70%7.0
- Salary revision and increment management
- 100%10.0
- Reimbursement management
- 100%10.0
- Dashboards
- 100%10.0
- Standard reports
- 100%10.0
- Custom reports
- 100%10.0
- API for custom integration
- 50%5.0
- Plug-ins
- 50%5.0
- Role-based user permissions
- 100%10.0
- Single sign-on capability
- 100%10.0
- Detailed financial reporting helps to make better business decisions. I especially like the job profitability reporting, and have used the "job type" and "phase" features to determine which kind of jobs are generating the most profit.
- We plan to use the customer list feature in the future to generate broadcast marketing emails to our customers.
- Accounting
- Financial Reporting
- We use the Sage Virtual Credit Card Terminal to process credit card sales from our website, as well as off site locations for exhibits and conventions.
- We plan to use the marketing features so that we can send information to our customers via email broadcasting.
- Product Features
- Product Usability
- Product Reputation
- Prior Experience with the Product
- Implemented in-house
- Making sure to follow the loading instructions and setting up the business with the correct specifications.
- Payroll set up
- Job reporting
- Employee Time Sheets could be improved
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 has helped St. Louis Accounting Services perform their mission statement. It is to help businesses and organizations create better information about their financial activities.
- It increases my efficiency in accounting, reporting, and analyzing the financial activities for businesses and organizations.
- It also helps me serve businesses and organizations in all shapes and sizes.
- QuickBooks Enterprise Solutions,QuickBooks Premier,QuickBooks Online,QuickBooks Pro
- Implemented in-house
- How accurate is the financial information going into Sage 50?
- What information do we need from Sage 50 from our customers, vendors, employees, banking, and reports?
- How much time should I put in to train on Sage 50?
What I like about you
- Ease of data entry
- Very good reporting
- Logical progression from one module to another
- Easy to setup
- Where is it on the cloud?
- Very costly with other products out there being less expensive
- Telephone support is very bad
- AccountEdge,QuickBooks Enterprise Solutions,QuickBooks Online,QuickBooks Premier,QuickBooks Pro,Profitt,Infor SunSystems,Oracle BPM Suite,PeopleSoft Financials,great plains,Oracle JD Edwards World
- Invoicing
- Payables
- Payroll
- Projects
- Created tracking of Union dues for CAW by percentage using projects to allocate costs
- Used build from assembly to process, package and ship product from coffee beans to packaged product
- Created billing for boats in harbour using projects
- Tracked funds for non profit using projects
- Electronic transfer of funds
- Credit card processing
- Remote update of invoices through smartphone/tablet
- Product Features
- Product Usability
- Product Reputation
- Prior Experience with the Product
- Vendor implemented
- People do not like change and will fight it if they can.
- Payroll
- Invoicing
- Payables
- Contacting support