Sage 50 Accounting vs QuickBooks: Cost, Pros, Cons

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 sage 50 pricing 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.

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.

What is Sage 50?

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.

• The main page is different with two of them and I can’t seem to get them to look the same with the blocks.
• On the other hand, Sage only offers tax reports as part of its add-on payroll service, while QuickBooks tracks sales taxes and organizes expenses into tax categories.
• However, we don’t like the platform’s poor inventory management or the lack of remote access to data without a third-party add-on.
• Very expensive for small business, have to purchase yearly even though you are having accountant do payroll and monthly IRS reporting.
• Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.

Sage Business Cloud Accounting is purely cloud-based accounting software while Sage 50 is a desktop application with cloud features. In terms of functionality, Sage 50 has more robust accounting features than Sage Business Cloud Accounting. This takes into account customer management, revenue recognition, invoice management, and collections.

What Is Sage 50 Cloud Accounting Software?

For this section, we considered customer service, support network, and a subjective expert opinion score. Users must have easy access to customer service channels in case of problems, questions, or assistance. It has the same limitations as QuickBooks, such as the inability to file and pay sales tax liability directly through the software. However, they share good features, such as tracking sales taxes through the sales tax liability account and setting up tax rates. There’s no walkthrough video for this section since this part is already integrated within A/R, A/P, and general features. The A/R module of Sage 50 features certain elements found in competitors’ software, but they’re not as dazzling or modern.

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.

Sage 50 Accounting Pricing

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 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.

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.

• Our evaluation of inventory is also part of A/R and A/P, so there’s no video for this.
• The interface is crowded, and navigation flows use too many popup windows.
• The action you just performed triggered the security solution.
• Sage 50 Accounting has three plans on either monthly or annual billing.
• Sage now offers Sage Intacct as its single cloud-based accounting software product.
• Businesses with under 20 employees are most likely to review the purchase as a potential option.
• Sage 50 Accounting, however, provides over 150 reports, including industry-specific reports that cater to construction, manufacturing and distribution businesses.

For an additional $150 per year, you get the premium features of Microsoft 365—including Word, Excel, PowerPoint, Access, and Outlook. The A/P module of Sage 50 is full of great features, but it can be overwhelming. It lets you create vendors, expenses, purchase orders (POs), billings, and service items. You can also set costs of service items if you have standard costs for services. However, its ease of use isn’t what we would hope for in a small business accounting application.