Sage 50c Accounting Review 2023: Ratings, Pros, Cons

Users who gave a Sage 50 Accounting review left mixed feedback. Those with positive things to say mentioned that the software helped them manage daily accounting tasks with ease. If you need to give accounting access to more than 25 people, Sage could be the better option for you. Sage’s highest-tier Quantum plan is far more expensive than QuickBooks’ Advanced plan (which allows up to 25 users), but it enables up to 40 users, though you’ll need to request a quote for more than 10 users. All things considered, however, user limits shouldn’t be a primary determining factor unless you have a larger business. Both Sage 50 Accounting and QuickBooks Online are powerful accounting software solutions for most small businesses.

The platform offers great features on a locally installed platform that has the mobility of cloud software. Sage 50cloud also incorporates Microsoft Office 365 for hard-drive-based software that can share data via the cloud. Although its interface isn’t as pleasant as with other accounting software, the project accounting features cover everything from creating projects to assigning project costs and setting project estimates. We’d like to emphasize that Sage 50 can compare actual to estimated project costs, something QuickBooks Online cannot do. We’re happy to see this feature because it’s vital for project management and monitoring.

Sage 50cloud

Microsoft Office 365 makes key Sage data accessible via the cloud and a range of integrated apps. A detailed review of Sage50cloud’s accounting software with pricing, comparisons to competitors, key information, and FAQs. Eric is an accounting and bookkeeping expert for Fit Small Business. He has a CPA license in the Philippines and a BS in Accountancy graduate at Silliman University. No, it doesn’t, because the Sage 50 software isn’t hosted on the web. The cloud functionality only allows multiple desktop users to share data remotely by transmitting via the cloud, which is included in all Sage 50 subscriptions.

Having an independent software expert perform the bookkeeping is good for overall ease of use. Lastly, our expert opinion score is our subjective rating based on our experience in trying the software. Reports are important for managers, owners, and decision-makers. The software must have enough reports that can be generated with a few clicks. Moreover, we’d also like to see customization options to enable users to generate reports based on what they want to see. However, using all of these features isn’t as convenient as what we’ve experienced while reviewing Sage 50’s competitors.

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FreshBooks is an even better option, offering unlimited time tracking and mileage tracking with all plans. If you have existing contact data in a spreadsheet, you can import it directly into Sage Accounting. You’ll also have the opportunity to set up your chart of accounts, enter opening account balances and review your trial balance report. Online bank feeds and bank rules help automate the reconciliation process. There is no global search function and the user interface is slightly less modern than that of competitors, but still easy enough to navigate. Businesses with inventory items should choose accounting software that can track inventory costs, manage cost of goods sold (COGS), and monitor inventory units.

While the software offers robust invoicing, expense management, budgeting, and automated bank reconciliation tools, payroll services are only available as an add-on product. The platform is also costlier than some competitors, such as QuickBooks. In this area, we want to see a mobile app that can help users maintain their books even if not using the desktop version. We wish Sage 50 had more basic accounting features in its app, but it’s very limited. Sage 50 Capture can only capture receipts and cannot send invoices, categorize expenses, and enter bill payments.

Can I buy Sage 50c without a subscription?

However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges. We went to user review websites to read first-hand reviews from actual software users.

Sage 50cloud and Wave Accounting both offer robust invoicing, expense tracking, and reporting tools. While Wave Accounting offers standalone accounting, payment, and sage 50 pricing support products, users receive an all-in-one package with Sage 50cloud. Of the two, Wave Accounting is slightly more feature-rich, with additional payment services.