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Sage 50 – What You Need to Know

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Looking for an accounting software Sage 50 that suits the needs of your business can be a long and complicated process. After all, the software will be storing important financial information and managing the various accounting processes of your business. For that, you must be careful and make an informed decision. 

There are so many platforms out there in the market that small to medium-sized businesses can utilize. If you want a desktop solution, you may have only a few options to choose from. Web-based solutions like QuickBooks Online and Xero. However, there are still some great desktop-based accounting options such as Sage 50 accounting software

What Is Sage 50

Sage 50 accounting software was formerly known as Peachtree. It’s developed by The Sage Group, the business app company. Like any other desktop software, you must purchase Sage 50 and then download it to your computer. Most of the functionality and capabilities of this software must be utilized on your computer, unlike web-based software, which offers you the ability to access your account anywhere, anytime. 

 But, the “cloud” option of Sage 50 is the remote access that the software offers you to your data. Though you can’t perform any accounting task remotely, Sage 50 lets you store and backup your accounting data in the cloud. 

Generally, Sage 50 accounting software lets you manage your invoices, accounting, expenses, income, and payments. The software is offered in three different packages, each with increasing capabilities and priced on a monthly or yearly basis. 

Updating QuickBooks to the latest edition is important because it can contribute greatly to you attaining the goals of your business. If you’re currently switching to QuickBooks, then you’ll automatically receive the most up-to-date version. 

Sage 50 Pro Accounting Software

Sage 50 Pro is the first and basic package in the Sage 50 software plans. The package allows you to access important integration options, accounting tools, and customer support. You can use Sage 50 Pro for a single company and have a single user account. Additionally, this package allows you to choose whether you want to pay for the software on a monthly or yearly basis. 

What are the Features Sage 50 ?

With this package of Sage 50, you’ll enjoy the following features and functionality:

  • Manage expenses and track income
  • Invoice clients and pay bills
  • Manage and track inventory
  • Automated bank feeds
  • Create proposals and quotes and convert them to invoices and sales orders
  • Remote access to cloud backups and data
  • Create customer profiles and track their info and history
  • View reports on taxes, sales, profits, expenditures, etc. 

Sage 50 Premium 

Sage 50 Premium is the second package for the Sage 50. With this option, you can add multiple users to your account and utilize the software for up to 10 companies as well as access advanced features. The software package will allow you to manage more complicated and in-depth accounting and financial tasks.

What are the Features Sage 50 Premium  ?

With Sage 50 Premium, you’ll get all the features of Sage 50 Pro and in addition, get:

  • Audit trail
  • Serialized inventory
  • Job costing, cost, and phase level
  • Advanced budgeting
  • Up to 10 companies
  • 1 to 5 users

Sage 50 Quantum 

This is the last package of the Sage 50 accounting software. It’s, however, the most costly and advanced version. With it, you can add up to 40 users, enjoy an unlimited number of companies and have access to even greater and more sophisticated accounting features. 

What are the Features Sage 50 Quantum  ?

This package gives you all the features of both Premium and Pro packages and the following in addition:

  • Up to 40 users
  • Faster processing
  • Personalized dashboards
  • Unlimited number of companies
  • Role-based security
  • Workflow automation
  • Stock and advanced reporting
  • Industry-specific features for manufacturing, construction, and distribution

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Is Sage 50 the same as Simply accounting?

Sage Simply Accounting was the name that many people recognized before the software was changed to Sage 50. Today, the product name is Sage 50.

Is Sage similar to QuickBooks?

Sage 50 cloud is a powerful online accounting solution for small and medium-sized businesses that provide features such as inventory, taxes, cash flow, budgeting, and invoicing.

Q4. Can you use Sage 50 without a subscription?

Sage 50 licenses are either perpetual or subscription. If you choose a non-subscription plan, you usually pay a non-time payment to get permission to use it for some time.

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