Sage 50cloud is a scalable, on-premise accounting software that features remote access to financial records and time-saving automation. It allows users to access their company data, analytics, business contacts, customer records, and other documents wherever they may be. Its pricing starts at $50.58 per user, per month, and it works best for small and medium-sized enterprises with multiple branches.
Sage 50cloud Pros and Cons
Incorporates on-premise stability and on the cloud accessibility
Expensive compared to its competitors
Comprehensive reporting tools
Remote access is limited to one user at a time
Accessible customer support
Interface can be confusing
Who Sage 50cloud Is Best For
- Small and medium-sized enterprises with multiple branches: Sage 50cloud helps you control cash flow, assess your business’ financial health, and stay compliant with United States tax laws. It also helps you ensure that your employees’ records are up-to-date and adhere to US labor laws.
- Freelancers: Invoice payments powered by PayPal and Stripe provide an easy way for you to get paid by your clients.
Sage 50cloud Pricing
The Sage 50cloud pricing page shows three plans starting at $50.58 per user, per month. Its plans vary in terms of the maximum numbers of users and the advanced features included like automated workflows, interactive project management, and role-based user access controls.
Starts at $778.63
Starts at $1,981.75
Advanced Budgeting Tools
Last updated on 05/20/2020
All Sage 50cloud users may purchase a subscription to Microsoft 365 for an additional $150 per year.
The Pro Accounting version of Sage 50cloud supports a single user and provides access to the following core features: automatic updates, bank-level online security, data backups, North America-based phone support, and online support. It can also reconcile financial statements with bank accounts and can handle inventory tracking and invoicing.
The Premium Accounting version is best for small businesses with one to five users. It includes all the features in the Pro Accounting version and can provide accounting for multiple companies, including consolidated financial statements. It provides advanced budgeting features, including financial statements by department, job costing by phase and cost code, serialized inventory tracking, and an audit trail. The only limitation in this version is that users can only view one company at a time.
The Quantum Accounting version allows users to view multiple companies at once and enables them to perform consolidation of financials for multiple accounts. It is best for medium-sized companies with up to 40 users. It incorporates industry-specific features for construction, distribution, manufacturing, and nonprofits. It also features a role-based security system for multiple users.
Sage 50cloud Alternatives 2020
Businesses that want the most widely used small business accounting software that scales as they grow
Solopreneurs and freelancers who need to streamline customer invoicing and payment collection
Businesses in the nonprofit, manufacturing and distribution, professional services, contracting, and retail industries
Businesses that use other Zoho products like Zoho CRM
Sage 50cloud Features
Sage 50cloud has a wide range of features designed to help users automate, streamline, and manage their financial transactions. Its features are scalable for individual users and those who are managing multiple companies. It can handle bank reconciliations, credit card processing, and financial transactions tracking. Its most important features include the following:
Sage 50cloud enables users to monitor and manage their cash flow. It can keep track of purchase requests and can be used to issue invoices and sales orders. These transactions are recorded automatically and included in the user’s ledgers and balance sheets.
Sage 50cloud differs from its competitors in providing users with remote accessibility coupled with on-premise stability. It can handle multiple users who are allowed to perform tasks remotely and simultaneously using Sage Drive Multiuser. Quantum Accounting users are given increased flexibility by allowing managers to assign security-based user roles to users, ensuring that sensitive information remains secure.
You may take your financial data anywhere with you by accessing it on a tablet or smartphone. However, if you need mobile access to your contacts and the platform’s dashboards and reports, then you need to purchase the Microsoft Office 365 add-on.
Sage 50cloud’s Advanced Intelligence technology lets users access real-time dashboards and create custom and prebuilt Excel reports, enabling them to track all aspects of their financial records and transactions seamlessly.
Sage 50cloud can help ensure that users are up-to-date with their tax filings and reporting. It can also ensure compliance with payroll laws. Sage 50cloud can assist users with the following compliance forms: GAAC, CCPA, GDPR, EIN, W-2, W-4, payroll and small business tax, and nonprofit 501C3.
Most Helpful Sage 50cloud Reviews
Available Sage 50cloud reviews online generally regard it as useful both for individual users and multiple-company managers. Its comprehensive reporting and tracking features are cited often, and many users find that its capabilities meet their needs. However, some have reported that its customer support is not always responsive. Many users also complained about its complicated user-interface, with some saying that it can be confusing for new users.
Straightforward and useful
“It’s a very straightforward software with multiple features that are useful for the company. It provides different ways to get good reports.”
High learning curve
One user who left a Sage 50cloud review on Capterra commented that its interface could be confusing for those who are not familiar with accounting software. He added that the software requires some accounting and bookkeeping knowledge for it to be useful.
Sage 50cloud Frequently Asked Questions (FAQs)
What available add-ons does it offer?
Users may customize their Sage 50cloud program using add-ons, such as Microsoft Office 365, payroll tax tables, e-filing, direct deposit, and on-demand training. If you are interested in these additional functionalities, then you can contact the provider for pricing information.
Does Sage 50cloud offer software training?
Yes, it does. You can visit the Sage University page to learn more about Sage 50cloud and other products to maximize Sage’s solutions.
What is the availability of its customer support staff?
Its customer support analysts are available from Monday to Friday, 9 a.m. to 8 p.m., Eastern time.
Our Top Accounting Software Provider Picks
In case you still aren’t sure if Sage 50cloud is right for you, then this article on the best accounting software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on features like detailed financial statements, invoicing, and bill tracking.