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Sage 50cloud Accounting

Sage 50cloud Accounting
Formerly Sage 50 Accounting

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…

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Recent Reviews

Sage 50 is nifty!

10 out of 10
March 03, 2020
Incentivized
My office uses Sage 50cloud Accounting (formerly Sage 50 Accounting) every day for our business and invoicing needs. We do our A/P, A/R, …
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Stay Away From Sage

1 out of 10
February 22, 2020
Incentivized
We initially picked Sage (back in 2011) to help us track inventory-level COGs. As a manufacturer, it's necessary to match revenues and …
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Great software!

9 out of 10
January 28, 2020
Incentivized
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 …
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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

View all 44 features
  • Bank reconciliation (22)
    9.0
    90%
  • Accounts payable (23)
    9.0
    90%
  • Accounts receivable (22)
    9.0
    90%
  • Cash management (22)
    9.0
    90%

Reviewer Pros & Cons

View all pros & cons
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Pricing

View all 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
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Features

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

9
Avg 7.5

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

9
Avg 7.0

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
Avg 7.9

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

9
Avg 7.6

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

8.7
Avg 7.4

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

9
Avg 7.0

Order Management

The ability to process orders, and track them from quote to cash.

8.4
Avg 7.4
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Product Details

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

Sage 50cloud Accounting Competitors

Sage 50cloud Accounting Technical Details

Deployment TypesOn-premise
Operating SystemsWindows
Mobile ApplicationApple iOS
Supported CountriesUnited States of America
Supported LanguagesEnglish

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

Consumers0%
Small Businesses (1-50 employees)90%
Mid-Size Companies (51-500 employees)10%
Enterprises (more than 500 employees)0%
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Comparisons

View all alternatives
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Reviews and Ratings

(151)

Attribute Ratings

Reviews

(1-3 of 3)
Companies can't remove reviews or game the system. Here's why
Emily Dykema | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Our small business uses Sage 50 Premium Accounting to process all accounting and finance reporting:

  1. Payroll / Employee Time Sheets
  2. Tax Reporting
  3. Tracking Accounts Payable / Vendor Disbursements
  4. Tracking Accounts Receivable / Customer Payments
  5. Banking Reconciliation
  6. Budgeting
  7. Job Profitability
The one feature we do not use is the Inventory, because we are a service oriented business, without products to sell.
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.
I indicated a neutral rating due to the fact that I really haven't used other accounting programs, so I cannot compare it to others fairly. I have enjoyed using Sage 50 Premium Accounting for 20 years, but perhaps there are other programs that are very similar, but less expensive. A small, service based business, that does not utilize the inventory or assembly features probably could find another useful accounting product that is more cost effective. However, if the business wants to track detailed inventories, complex and progressive jobs, and has complex payroll needs ... then Sage 50 Premium Accounting is definitely worth the investment. Also, I have always experienced very good technical support service when needed.
General Ledger and Configurable Accounting (12)
80%
8.0
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 Management (4)
62.5%
6.3
Inventory tracking
100%
10.0
Automatic reordering
50%
5.0
Location management
50%
5.0
Manufacturing module
50%
5.0
Order Management (4)
60%
6.0
Pricing
50%
5.0
Order entry
50%
5.0
Credit card processing
80%
8.0
Cost of goods sold
60%
6.0
Payroll Management (5)
94%
9.4
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
Reporting & Analytics (3)
100%
10.0
Dashboards
100%
10.0
Standard reports
100%
10.0
Custom reports
100%
10.0
Customization (2)
50%
5.0
API for custom integration
50%
5.0
Plug-ins
50%
5.0
Security (2)
100%
10.0
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.
MYOB (Mind Your Own Business) is not comprehensive and was not "feature rich" for complex business reporting. It was an entry level accounting program that was used for a very short period of time. Sage 50 Premium Accounting was recommended by our CPA end-of-year tax accountant, so we really didn't compare Sage to anything comparable.
1
Accounting
1
Accounting
  • 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.
We are invested in the product after twenty years.
No
  • Product Features
  • Product Usability
  • Product Reputation
  • Prior Experience with the Product
We really did not compare Sage 50 Premium Accounting to any other accounting program. At the time, our CPA end-of-year tax accountant was using Sage and recommended it.
  • Implemented in-house
No
Change management was minimal
  • Making sure to follow the loading instructions and setting up the business with the correct specifications.
We implemented Sage 50 Premium Accounting in house, not using any third party or professional service. It was a relatively trouble free process, but can be tricky. Just read all instructions carefully, especially if you need to load the program on a network with more than one user.
Yes
It is the only option for our product. The upgrades and tech support used to be optional every year, but Sage has removed that option for our product and changed to a subscription only arrangement. So now our small business pays an annual subscription service, and the tech support and regular upgrades are automatic.
Although I have only needed to call tech support on three occasions through out the entire time of usage, each time my problem was quickly resolved by people who were obviously well trained and easy to understand. Sage 50 Premium Accounting is a reliable and "bug-free" product that is regularly improved upon.
No
There was one occasion when my data file somehow got "corrupted". Yikes!! Sounds awful!! But a Sage tech support person led me through the process to resolve that tricky issue, and she was very easy to understand and confident about what to do and how to do it. I was very impressed and relieved.
  • Payroll set up
  • Job reporting
  • Employee Time Sheets could be improved
I have used Sage 50 Premium Accounting for twenty years, and only used their technical support team three times.
Art Stumpp | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
Sage 50 is a very powerful software package. It has different versions for different levels of financial activity. One should be sure the cost of Sage 50 fits their budget. One should discuss with a local Sage 50 expert what one wants from an accounting software package. One should also look at the setup costs of Sage 50. Is one going to hire a local expert to help with the setup? Finally, one should get an accounting software package that can grow with their business needs.
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 accounting software is a main competitor of Sage 50. Both accounting software packages are complete accounting solutions for businesses and organizations. I prefer Sage 50 over QuickBooks software because Sage 50 actually closes out the income and expense accounts from a previous year before it begins a new year. If non-accountants make changes to prior year statements, it tends to drive the accountants crazy. One can get to previous years' statements in a company archived file in Sage 50.
1
Sage 50 helps small businesses and organizations create better information about their financial activities. Sage 50 is a very strong accounting software package. If Sage 50 is correctly setup then it can serve one's business needs for a long time. It can also grow with the needs of the business or organization.
  • Implemented in-house
No
Change management was minimal
  • 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?
Sage 50 is a strong accounting software package. It will work efficiently if it is installed correctly. If one puts garbage in, one will get garbage out. Also it is important to train the staff to use Sage 50 properly. It is also important to set up security for each user.
Wanda McNamara | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Billing, payroll, payables and training clients on the product.
  • Ease of data entry
  • Very good reporting
  • Logical progression from one module to another
  • Easy to setup
  • Where is it on the cloud?
The nonprofit charitable receipts need to be improved and supported.
  • 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
developed in BC
Cost is so high.
2
data entry, payroll, invoicing
5
basic knowledge of data entry, accounting, office software
  • 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
No
  • Product Features
  • Product Usability
  • Product Reputation
  • Prior Experience with the Product
I have been using program since 1988 when it was Simply Accounting
no
  • Vendor implemented
No
Change management was minimal
do not rely on tech support
  • People do not like change and will fight it if they can.
I do great work and have implemented many companies
Give me an example, any example of when they could help me. I cannot think of one. Why can't I give a negative result for above?
Yes
never, never
No, but I can tell you when I gave Sage solutions for their product.
  • Payroll
  • Invoicing
  • Payables
  • Contacting support
Yes
I am in the process of testing it for a service company at this time. When I called for info on the product, I was told by customer service it did not exists. So I went looking on the internet and found one.
It is easy to use and very logical.
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