Article by Chris Costi, Last update at August 25, 2020
Sage 50cloud, formerly Sage One, was rebranded in 2010 from its former name as Peachtree Accounting and today, it is one of the most popular accounting software packages available. They have been providing accounting solutions for over 35 years and have over 3 million customers worldwide. Sage has a network of 40,000 partners and 23,000 employees in 23 countries. They offer a complete desktop accounting software solution with secure mobile access through the cloud to millions of customers worldwide. Sage is suitable for small and medium sized businesses with up to 50 employees. The software is easy to download and you do not need to have advanced accounting knowledge to use it successfully. The software gives you the capability of accessing and updating from anywhere at any time. Multi language and multi-currency features are available and the software is compatible with MacOS and Android devices. The cloud based software does not require any backups or updates as this is done automatically and a clear interface provides you with an overview of your current financial situation at a glance.
Sage 50cloud can be purchased as a complete accounting package in three versions. The Pro Accounting which includes invoicing, payroll processing, bank reconciliation, customized reporting and access to sales and tax reports is priced at $439 per year, or $50.58 per month for one user. The Premium Accounting also includes inventory, services management and user permission and costs $679 per year, or $78.21 per month for up to 5 users. The top of the range is the Quantum Accounting which adds projects, profitability, manufacturing, construction and distribution functions. With this package you can also track accounts by job. The cost is $1,729 per year or, $197.55 per month for up to 40 users. All version support unlimited phone, online chat and email support in the U.S., excel based reporting, automatic product updates and access to payroll and payment solutions. Subscription based additions for tax tables and other features are available. You can add Microsoft Office 365 for an additional $150 per year. Prices are current and are subject to change. You can also take advantage of the 30 day free trial. Sage also offers a 60 day risk free guarantee.
Sage offers the power of the cloud with an advanced desktop and mobile accounting solution. Payments and banking are automated and you can accept all forms of payment on site, online and over the phone. Sage50cloud Accounting integrates with Microsoft Office 365 and you have to have a licensed version of the software or purchase one from Sage. This integration offers a complete integration that will help you manage your cash flow, inventory, bank accounts and cloud backup. The expanding list of partners that Sage collaborates with, will help you solve your unique business needs and optimize your efficiency. Sage payment processing solutions offer easy to use payment processing integrations to manage payments of all kinds.
Sage Accounting packages are designed for small and medium sized businesses who need essential accounting features that can be accessed anywhere in the world via the cloud. The software is compatible with Mac and PC as well as Apple and Android tablets and phones. Sage keeps up with the latest legislation and offers bank level security with no need for backups. Unlimited access to phone based support is available for U.S. based clients.
With Sage software, you can manage your finances with a desktop application or on the go with the convenience of the cloud. Their software is designed for smaller businesses that need an easy to use and fully functional accounting package that is capable of managing finances, accepting payment, managing payroll and all accounting necessities. You can collaborate with your team and accountant in real time for immediate access to current financial transactions. Sage is committed to adding new features on a regular basis and they keep up with the latest legislation so that you are always up to date. Solutions are available for all aspects of your business transactions.
Smart automation will reduce the time you spend on administration by ensuring that you have all the information at your fingertips. Data entry is simple and helps you keep up to date with customer purchases, payments, invoicing and statements which can be emailed directly through the software. With Sage you can increase profitability and expand your services by transforming your business model. The mobility of the cloud allows you to manage your cash flow and other financial transactions from any device. Advanced features for manufacturers and wholesale distribution are available with the Quantum Accounting package.
Sage offers first class onboarding, and collaboration by using in person and on demand digital platforms. Integration and IP development and an expansive product portfolio promote visibility for integrated solutions. Optimize sales with a better insight on how your business performs with better cash flow management. Keep track of customer projects with proposal and quotes that can be transformed into invoices and sales. With Sage accounting features you can keep records of purchases and expenses and stay in control of your finances. Inventory can be categorized so that you can keep track of items, description, number, cost and price.
Reports on profits, data, sales, expenses, and taxes are one click away. The dashboard will give you an instant read of available cash, receivables, expenses and inventory for quick analysis of your finances. You can designate additional users to your accounts allowing multiple user to perform task remotely without having to load software on every computer. Bank level security is in place to protect your data and your business will always be up to date with payroll and tax laws. Sage ensures compliance with GAAC, CCPA, GDPR, EIN, W-2 and W-4 payroll, small business tax, nonprofit 501c3, and more.
Phone based support is offered to North American clients and internationally, Sage offers a knowledgebase resource library that is available as support. Sage City is an online community of certified partner and professionals that are available for questions and training. Access to advice and articles are geared to help you run your business with tax compliance and business management tools. Features include articles that are specific to your type of business.