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Bookkeeping

Sage 50 Accounting Review, Pricing & Features for 2024

sage 50 pricing

The interface and overall layout design are old and quite similar to the Windows 97 menu bars, drop-down menus, and pop-up windows. We find it a bit flustering that almost every click gives birth to more windows. QuickBooks Online gives you access to an impressive marketplace of over 750 apps — including third-party tools as well as QuickBooks add-ons. We find ourselves having to constantly dump data into Excel to create the reports that we want. I feel that if there are too many people in the system or you try and run a report it crashes the system. Don’t even get me started on trying to work remotely with this solution because it just doesn’t work.

  • Sage Accounting integrates with around 40 apps, some of which are within the Sage product suite.
  • We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website.
  • We would like to see better optimization of billing in Sage 50c.
  • See our overall favorites, or choose a specific type of software to find the best options for you.
  • Sage 50c provides limited inventory management capabilities, so there are better options out there for companies based in manufacturing or retail, for example.
  • Our community and review base is constantly developing because of experts like you, who are willing to share their experience and knowledge with others to help them make more informed buying decisions.

This user review score helps us give more credit to software products that deliver a consistent service to their customers. The software must have features that allow users to set sales tax rates, apply them to invoices, and enable users to pay sales tax liability. Sage 50 integrates with 115 third-party applications in several categories, such as data entry, ecommerce, and time tracking, with the most famous integration being Microsoft 365.

Creating multiple price lists (Sage 50 Premium Accounting)

Sage 50 Accounting, however, provides over 150 reports, including industry-specific reports that cater to construction, manufacturing and distribution businesses. Sage reports can be customized, grouped, filtered and combined. Very expensive for small business, have to purchase yearly even though you are having accountant do payroll and monthly IRS reporting. I only need to invoice customers, track inventory and customer activity. Sage 50 does a great job at this but not economically feasible. Before 2021, Sage 50c offered subscription or perpetual licensing, but this is no longer the case.

Take a look at our article on the best accounting software providers for detailed comparisons between Sage 50cloud, FreshBooks, and QuickBooks. While Sage does certify accountants as Sage 50 experts, it can be very difficult to find a certified consultant in the US. Your best option for support in the US will be to find an independent bookkeeper with some Sage 50 experience. QuickBooks Online offers a free 30-day trial for new customers or 50% off of a 30-day subscription, your choice. I never had any problems with it or the upgrades until this past year.

Pricing and features

These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one. Sage does not include inventory tracking with the Accounting Start plan, but it is included with the Accounting plan at $25 per month.

  • The Sage Group has a wide range of products for various business needs, such as payroll and HR, business management, payments and banking, and solutions for accountants and partners.
  • Its invoice management lets you generate PDF invoices from records, issue receipts and credit memos, and view customer accounts.
  • The software is very slow and is just not set up to support the financial needs of a medium sized operation.
  • You’re able to track quantities, set stock reorder levels, receive out-of-stock notifications and generate reports on your best-selling products.
  • While Wave Accounting offers standalone accounting, payment, and support products, users receive an all-in-one package with Sage 50cloud.

Sage 50cloud is also suitable for medium-sized businesses with up to 40 users. For a small business with up to 5 users, the Premium Accounting plan is the better option. It offers all of the features of the Pro Accounting plan, including job costing by phase and cost level, tracing transactions and audit trails, and advanced budgeting tools. Sage 50cloud is a powerful accounting solution for accountants and business owners that have accounting experience.

How does Sage Accounting work?

Desktop-based accounting software with cloud-connected features. Although Sage Accounting is perhaps the most suitable Sage software product for small businesses, it’s only one of many solutions the company offers. The Sage Group has a wide range of products for various business needs, such as payroll and HR, business management, payments and sage 50 pricing banking, and solutions for accountants and partners. On G2, Sage 50cloud has a 3.8-star rating based on more than 120 reviews. The majority of users praised its user-friendly interface, multi-user capabilities, and responsive customer support. However, several reviewers noted the website’s frequent technical glitches and steep pricing.

Using other accounting software prior to this there is really nothing that would make me recommend this program. The software is just terrible, atleast from the persepctive of a medium sized business. The software is very slow and is just not set up to support the financial needs of a medium sized operation.

The A/P section focuses on vendor management, bill management, bill payments, and other payable-related transactions. A/P features include creating vendors and bills, recording purchase orders and converting them to bills, creating service items, and recording full or partial bill payments. Sage 50 falls a bit behind QuickBooks Online in terms of inventory. However, it offers FIFO and LIFO inventory costing that QuickBooks doesn’t have. It also doesn’t miss out on the most important features, like automatic accounting for the cost of goods sold (COGS) and the computation of the cost of ending inventories. Sage 50 Accounting’s banking features are convenient because you can connect them to your bank accounts, which is useful for reconciliation purposes.

sage 50 pricing