What is Sage 50 Accounting Software? An Overview

Sage 50 is positioned as an easy-to-use desktop accounting software for growing small businesses but is scalable to perform significant business accounting. It includes standard accounting such as accounts payables and accounts receivable, bill payments, and cash flow management.

Likewise, Sage 50 can perform faster processing, has industry-specific functions, and can be used by up to 40 employees. It features advanced accounting tools like inventory management and module-level security. You can also add options for payroll services and credit card processing to help manage your finances.

Sage 50 has a mobile app for iOS, Android, and BlackBerry devices. It works smoothly with popular productivity tools, such as Microsoft Excel, Outlook, Word and Exchange, and Sage-endorsed third-party applications in 22 industries.

Top Five Features of Sage 50 

The accounting industry in the U.S. is embracing the advanced technologies that are coming up in the market. The tax industry is also adopting the idea of ‘making tax digital’ at a high rate.

One could easily find accountants working manually to manage their clients’ data and filing taxes in the past. However, they now love using the best-in-class accounting software to handle their work-related responsibilities, one of which is Sage 50 software.

Known as one of the leading accounting software, Sage 50 is loved by accountants and accounting firms. This software is best suited to handle accounting tasks related to small and big businesses.

It processes the information faster and has accounting-specific functions, such as accounts payables and receivables, bill payment, expense management, sales reporting, etc.

All these features have been designed to help businesses manage their finances. Moreover, when backed by cloud technology, a cloud-hosted Sage 50 software can add more flexibility to the accounting process, along with many other benefits.

The popularity of Sage 50 software is growing with time because of its impressive features and functionalities. Still, some accountants have not yet started using it as they do not know much about the benefits of using this advanced software.

If you are one of them, here are the top five features of Sage 50 you need to know –

1. Cash Flow Management

For accountants, dealing with the expenses incurred by their clients is a challenging task. They spend a good number of hours each month to create financial reports manually to keep track of the cash flowing in and out for each of their clients.

But with the help of Sage 50 accounting software, you can quickly get the automated reports generated timely. You can even look for the most suitable layout of the words before downloading them for use.

Furthermore, you need not update or edit these financial reports when using them for presentations. They are already downloadable in impressive presentable layouts, thus saving you and your staff valuable work hours.

2. Sales Optimization

No matter how small or big a business they own, all your clients need to track the orders received and sales target met in a specific period. To support their organized sales processes, including creating quotes, sales orders, and sales invoices, Sage 50 software can be of great help to you.

Your clients rely on you for your accounting services, and you can depend upon this software to provide sales optimization reports. Creating quotes and proposals, converting them to sales orders and invoices, keeping track of all the customers, etc., it all becomes more comfortable when you use this software.

3. Payroll

Do you work for the clients who have hundreds of employees they need to pay every month? Ask them about payroll, and you will most probably get to hear it’s one of the most daunting tasks they need to do.

With Sage 50 software’s help, you can lay a helping hand to them with Payroll services. It has the in-built Payroll feature, which your clients can use to pay their employees, track profits, and report taxes.

Since this advanced software is compliant with the latest payroll and pension legislation, you can always be on the safe side.

You can even get the convenience of accessing payroll related information anywhere and anytime by contacting Sage 50 software hosted on the cloud.

4. Payment Acceptance and Invoicing

For your clients’ businesses, invoicing is an essential task while dealing with finances. It is not generally accessible for them to create invoices for all their customers manually. Plus, you cannot eliminate the risk of human errors during manual invoice creation.

To make your client’s life more comfortable, you can start to use Sage 50 software to create, edit easily, and send invoices. This way, you can minimize the risk of late or missed payments. You can even track expenses to know about your clients’ finances.

5. Inventory Management

For businesses that sell products, poor inventory management can result in loss of sales. On the one hand, not having enough stock may pass the deal to the competitors. While on the other, holding an excess inventory is not budget-friendly at all.

If some of your clients face common inventory management issues, you can help them up with the use of Sage 50 software. With its inventory management feature, you can help them stay profitable.

With the real-time stock data in this software, you can tell your clients what they should stock more and discontinue selling. Ultimately, it will help you and your clients save time, which can be invested where it is needed most.

Overview of Sage 50 Benefits

Here are the main Sage 50 benefits:

• Flexible enough for CPAs and non-accountants
• Goes beyond accounting and includes essential business operations
• Has basic accounting modules and useful modules, including options for credit card processing and inventory management and reporting and a customizable dashboard for quick access to essential data
• Has automatic backup, which is critical to protect your numbers
• Compatible with other Sage products and can be scaled to match your business growth
• Easy to learn even for non-accountants
• Enjoy screen-level security
• Features automatic accounting checks
• Installed in your local computer

How Much Does Sage 50 Cost?

Sage 50 Pricing Plans:

• Free Trial 1-user subscription plan: $56.08/month
• 2-user subscription plan: $106.33/month
• 4-user subscription plan: $167.17/month

Sage 50 offers editions for U.S., Canada, United Kingdom, and Australia. It offers three main packages with pay-as-you-go terms plus a free trial version :

1. Sage 50cloud Pro Accounting

1-user subscription plan: $56.08/month ($340.00 for the first year)

• Manage vendors and purchases
• Manage customers and sites
• Reporting
• Inventory
• Cloud accountant collaboration
• Mobile invoicing
• Technical support
• Integrated bank feeds
• Payments integration
• Recurring invoices and payments
• Desktop data with cloud backup enabled
• Microsoft Office 365 integration
• Track your expenses on the go
• Departmental accounting

2. Sage 50cloud Premium Accounting

2-user subscription plan: $106.33/month ($644.00 for the first year)

• All-Pro features

3. Sage 50cloud Premium Accounting

4-user subscription plan: $167.17/month ($1005.00 for the first year)

• All-Pro features

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