Using Sage50 Cloud in an SMNE
Sage 50Cloud Accounting is used on a daily basis to manage our company's finances for accounting and payroll. The system is user friendly …
Starting at $299 per year
View PricingOverview
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…
Recent Reviews
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 (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
On Premise
per year
Sage 50 Premium Accounting
$449
On Premise
per year
Sage 50 Quantum Accounting 3 User
Starting at $1,499
On Premise
per year
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Features
Return to navigation
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Sage 50cloud Accounting?
Sage 50cloud Accounting (formerly Sage 50 Accounting, and formerly Peachtree), is an accounting software designed for small businesses. Sage 50cloud Accounting includes expense management, payroll, reporting, invoicing, and sales optimization features. It also enables cloud backup and integration with Microsoft Office Premium. The product can also integrate with other Sage products, including Payroll and Payment Solutions. It is sold on an annual or monthly basis.
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 (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 dashboards and in-depth reports.
Priority AccountEdge are common alternatives for Sage 50cloud Accounting.
Reviewers rate Pay calculation and Benefit plan administration and Direct deposit files highest, with a score of 9.
The most common users of Sage 50cloud Accounting are from Small Businesses (1-50 employees).
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
Compare with
Reviews and Ratings
(151)Attribute Ratings
Reviews
(1-13 of 13)Companies can't remove reviews or game the system. Here's why
August 24, 2023
Using Sage50 Cloud in an SMNE
Sage 50Cloud Accounting is used on a daily basis to manage our company's finances for accounting and payroll. The system is user friendly and enables us to drive the business forward with having access to up to date and precise reports. Sage enables us to have a clear overview of the company's current financial state.
- 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 50 Accounting is being used by our entire accounting team consisting of AP, AR, and our outside accountants. We have a total of 5 users. We use it for a variety of tasks such as payables, receivables and general audits.
- 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.
April 24, 2019
Sage 50 handles your small business accounting needs if you don't mind the PC resource usage.
We use Sage 50 Accounting for our day to day accounting. We have a small consulting firm and not a whole lot of accounting needs. Sage allows us to track invoices and bills and consolidate the accounting with the bank statement. The use of Sage allows us fairly straight forward logging of the information that our external accountants need. Twice a year, we send them our Sage 50 Accounting info for review.
- 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.
August 04, 2017
Best Fit Sage 50 Accounting
It is an accountant's type of accounting program. It helps me with financial reporting, payroll, billing, payables, credit card processing, etc. It makes it much easier to take care of our clients.
- 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.
March 16, 2016
Sage 50: Today's Smartest Accounting Software Solution
Score 9 out of 10
Vetted Review
Verified User
I use Sage 50 for the accounting and finance departments in the companies I support. Sage works very well on a terminal server style hosted setup, the way most company's IT is structured these days. With several user access and a good security system to control who can see and edit which modules, it works well with a company with various departments. Sage 50, like many other accounting software, is necessary to properly and accurately document business activity. Sage 50 has a reporting program and business intelligence module that can handle every flavor or report needed for business activities from the small, mid-sized to even a fairly large entity.
- 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.
August 19, 2015
Sage 50 Rules!
All accounting functions including payroll are processed through Sage 50.
- 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.
August 19, 2015
Happy and easy
We currently use the product for our accounts payable and company financial statements. We currently use parts of some of the other functions such as maintaining employee info in the payroll sections. It is used by only a few people that require they use it to complete their jobs. It is extremely easy to use and we have been very happy with it since installed.
- 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.
May 05, 2015
GM Demands On-Demand Reporting
Score 9 out of 10
Vetted Review
Verified User
As the General Manager for Drake Industries it is critical for me to have an on-demand snapshot of our business. We are a fast-paced, high turns, durable custom products printer with hundreds of jobs running through our production floor each month. To manage this, I need on-demand access to sales data, customer history, shipments, WIP, aged backlog, product history, etc. The benefit of Sage 50 is that I have all this tied in with our financial reporting which enables me to have a snapshot of the business whenever I need it. But the real benefit is that it’s user friendly, quick and easy to use.
- 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.
As the owner of a bookkeeping and accounting firm, I recommend Sage 50 to all of my clients and am a Bronze Certified Sage 50 Consultant. We install, implement, train and support Sage 50 exclusively for small business clients. I have looked at many other accounting software packages in the past, including Quickbooks and continue to do so. This remains the only one that I truly trust completely. It is also the software we use in house.
- 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
April 03, 2015
Small Service Based Business
Our small business uses Sage 50 Premium Accounting to process all accounting and finance reporting:
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.
- 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.
February 25, 2015
The Pros and Cons of Sage 50
I use Sage 50 software in my company St. Louis Accounting Services. It helps businesses and organizations with their reporting requirements. It helps in the following areas: taxes, banking, and management. Our mission at St. Louis Accounting Services is to help businesses and organizations create better information about their financial activities. Sage 50 helps us accomplish this task.
- 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.
November 18, 2014
Sage 50 From a Consultant's Point of View
We are consultants who assist business owners in choosing appropriate accounting and operations software for their business. As such, we must understand their business processes and what features are required to solve their needs. My experience has been that Sage 50 is generally well-suited towards businesses who place a high value on their financial records. It can be utilized well for service businesses, distribution companies and manufacturers (with add-on). The construction version is fairly good for a simple construction company.
- 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.
June 08, 2014
Sage 50 or . . . . Sage 50, this is the question.
The Sage 50 has been used only by Accounting and Finance with some usage from other departments, but by being in a specific industry we are not able to use it accross the whole organization. It is the perfect tool for Management and Financial Reporting.
- 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.