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Sage Accounting Review
For more than two decades, Sage Accounting has provided numerous businesses with a straightforward solution that can meet sophisticated demands. It operates on a developing platform that manages to keep up with the dynamics of the business environment. Sage now offers a wide array of products, including Sage 50 and Sage Business Cloud Accounting, accommodating firms from all industries.
Onto our Sage Accounting review!
What Is Sage Accounting Software?
Sage eases and simplifies a diversified base of accounting tasks, reaching the third-largest accounting solution that focuses on financial management. With more than six million users, it boasts an intuitive interface that can easily create financial reports, organize and automate accounting tasks, and provide other business management functions. Regardless of business size and industry, Sage is highly functional and can fulfill any business needs, ranging from easy tasks to very complicated financial practices.
Types of Sage Accounting Software
Sage offers a wide array of accounting solutions, carefully designed by professionals to help businesses around the world optimize and automate their processes. It is available in both online and desktop versions.
Sage Accounting vs Sage50
The web-based platform has different products and was formally known as Sage One, now being rebranded to Sage Business Cloud. It is designed for small businesses with a maximum of 10 employees, and it consists of a cash book, core accounting tools, expense management, project accounting, compliance management, and more.
Sage Business Cloud Accounting has a single dashboard that constantly updates you on important aspects, such as your receivables and cash flow. It is also a tax management tool as it can calculate the correct taxes according to your transactions.
You may also use its smart cash flow forecasting tool using transaction history. The entire interface is clearly labeled, easy to use, and all features are easy to find.
Some of the main highlights include:
- Creating estimates and quotes
- Invoice management, customization with the company’s logo, and more
- Tracking and managing bills
- Vendor management
- Multiple financial reports for business analysis
- Account reconciliation
- Mobile app is available for both iOS and Android devices
When it comes to the desktop versions, there are different options, such as the Sage 50cloud, previously known as Peachtree Accounting Software. This is the detailed desktop version of Sage Accounting and comes with more advanced features, including:
- Expenses and profit
- Tracking sales
- Different reports
- Purchase and sales order processing
- Project processing
- Supports Microsoft Office 365 integration
Sage50 is more complex than the previous version, but it is not difficult to learn. One drawback is that its interface seems somewhat crowded due to the different features, charts, tables, and more.
Despite this, the navigation menu is quite clean, showing quick entries, such as vendors and purchases, customers and sales, inventory and services, and even employees and payroll, among others.
You can also customize it by adding your preferred screens.
Other Sage Versions
These are the two products that are most relevant to small business owners. There are also options that can be highly customized, being suitable for large corporations with more complex demands, such as Sage 500cloud and Sage Intacct.
For instance, Sage Intacct is quite intuitive, has multiple features, but it needs collaboration with a partner or a reseller for the best results.
Sage 500cloud is a business management software that has numerous features, such as accounts payable, credit card processing, distribution, and supply chain management.
The software is recommended for manufacturing companies as it integrates different modules to streamline all processes from light assembly to advanced manufacturing, such as costing, material tracking, workflow, and even supply and demand.
It also has GAAP-compliant financial and accounting modules that can be easily tailored to any business.
Sage Accounting Software Cost
Unsurprisingly, the pricing plans for Sage Accounting software are extremely varied, based on the wide range of products they provide. The plans with more advanced features do not have any pricing information, as prospective customers should contact Sage for more details regarding their business needs.
The simpler versions, such as Sage 50cloud and Sage Business Cloud Accounting, have easier pricing plans. For small business owners, Sage Business Cloud is a suitable option and it is highly affordable. It is available on a monthly subscription basis and starts at $10 per month. Sage offers 50% off for the first three months, and there is also a 30-day free trial for this plan.
Sage 50cloud is more advanced and it comes as either a monthly or annual subscription, with a significant discount if you choose to pay yearly. With Sage 50cloud Premium and Quantum options, the final price depends on how many users you need, and it ranges from $56.08 per month ($567 per year) to $139.58 per month ($1,404 per year).
Sage Accounting and Payroll
Sage Payroll Services offer cloud-based payroll for all types of businesses. They include different benefits, such as accounting integration, tax filing, and even human resources management.
These services are priced based on the business’s needs, and there are different features spread across three plans: Sage Payroll Essentials, Sage Payroll Essential Plus, and Sage Payroll Full Service.
Alternatives to Sage Accounting Software
Sage One Vs Quickbooks Online Vs Xero
QuickBooks is a complete accounting solution often recommended to small and mid-sized firms that require bookkeeping. Sage, through its more complex plans, is ideal for larger corporations that require industry-tailored functions.
While Sage specializes in product management and has different invoicing features, QuickBooks stands out as one of the best bookkeeping programs. As a result, they are both suitable for most businesses.
Sage One (Sage Accounting) provides different possibilities to configure your accounts, while QuickBooks Online is ideal if you want more automated, straightforward tasks.
On the other hand, Xero is ideal for businesses working with an external accountant since it is the most difficult to use.
If you have any concerns or questions, you can contact the Sage Accounting support team at 1 (866) 996-7243. Their website also provides an extensive support page that can help you find out more about their products and services.
Summary: Sage Accounting Review
In the end, the best accounting software is the one that fulfills your business needs and meets your budget. Sage is undoubtedly a complex solution that can be customized to your liking, but its pricing plan might be quite high for a startup. On the other hand, their ample and smart features will help you make quicker business decisions to automate, control, and analyze your business, leading to quicker revenue growth.
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