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
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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…
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- Bank reconciliation (22)9.090%
- Accounts payable (23)9.090%
- Accounts receivable (22)9.090%
- Cash management (22)9.090%
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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
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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% |
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Reviews and Ratings
(152)Attribute Ratings
Reviews
(1-18 of 18)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
May 09, 2023
Perfect for all industries
Score 9 out of 10
Vetted Review
Verified User
We use Sage for all out JE's for our organization. It is the foundation of our accounting and impacts every aspect of our business. It's critical to maintain integrity in our accounting and finance departments so we rely on it. It meets our every need from building out our chart of accounts to booking entries.
- Updates JE fairly quickly
- Reporting tools work really well
- I can't think of anything, this product meets all our needs
May 03, 2021
Complications simplified
We use it for all accounting purposes. To record our time-keeping and submitting expense reports.
It serves as one tool and go to place for both time cards, expenses and access of both.
It serves as one tool and go to place for both time cards, expenses and access of both.
- One stop tool
- Less clicks and ease of access, website is user friendly
- Simplicity to review for accounting details, everything is available for the profile on a single page
- Dont see anything for now
January 28, 2020
Great software!
We use Sage 50 throughout our company in the U.S. We use it for general accounting purposes as well as reporting. We do not utilize the payroll function because we use an outside firm for payroll. Sage 50 is user-friendly and easy to train new employees on using it.
- Sage 50 provides great month-end reporting.
- Easy to use interface.
- Great layout of program.
- Inventory Assemblies
- Reporting to include any data needed
January 22, 2020
Sage 50cloud Accounting Review
We support many small and medium sized businesses that use Sage 50cloud Accounting, from older versions to the latest release. It is a complete accounting solution that makes it easy for businesses to manage their cash flows, to invoice and record their sales.
- The product support and help you can find online is amazing.
- Very simple and fast to navigate interface.
- When it is crashing it is hard to find the root cause as the logs lack useful information.
- More expensive than other products, making user more likely to stick with an older version of Sage.
April 25, 2019
Sage 50 Premium Accounting a great deal
Sage 50 is used by our entire church to take care of all the needs of the church. This includes entering all expenses and income, and also to produce payroll. This allows us to have a system in place to monitor our income and expenses and be able to report to the CRA and also to our church members how we are doing as a church financially.
- Easy way to enter the income from church giving.
- Very easy to manage and maintain all the expenses for the church and pay them and report on them.
- Their good Payroll system makes it easy to pay employees.
- It would be nice to be able to add departments and accounts without closing all the open windows. It's not a big deal, but sometimes when you are doing things it would be nice to keep a screen up.
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 Bookkeeping
Score 8 out of 10
Vetted Review
Verified User
Sage 50 is being used mostly by the bookkeepers in the accounting firm with managers and supervisors using the product to make adjustments for tax return preparation.
- 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.
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.
February 04, 2015
Sage 50 Review
Sage 50 is used only by our accounting department to track the finances of the company.
- Easy to navigate
- Flexible
- 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.
December 09, 2014
I use Sage today - and I would use Sage tommorow
Score 10 out of 10
Vetted Review
Verified User
Sage is currently being used to manage the full Accounting Cycle - A/R, A/P, GL and reporting. There are currently 5 users from the Accounting team that I manage who use it to manage our direct business needs.
- 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.
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 04, 2014
Novice Review of Sage 50
It was being used specifically by the Business Operations department, as our main accounting software.
- 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.
June 04, 2014
Sage 50 - We Like and Enjoy It
Sage 50 Canadian version works quite well for our small to medium manufacturing business for the oil industry, it handles all of our payroll and accounting, inventory and projects. We currently have 3 users on it with no complaints. Our company also uses the Sage 500 software for our larger projects that require more in depth reporting.
- 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
I used Sage 50 Construction Accounting at a previous job. Sage 50 was our main accounting software. I found the software to be user-friendly. Also, the reports provided within the software were exactly what I needed to accomplish my job. I currently do not use Sage 50 because the company I work for prefers other software, but if it were up to me I would use Sage 50 here as well. It would make a world of difference! Sage 50 produces excellent job costing reports. I love the journal entry feature because the current software I use lacks in this area.
- Job Costing Reports
- Journal Entries
- Payroll reports
- Customer Service Agents
- None at this time