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Sage 50cloud Accounting
What Is Sage 50cloud Accounting?
Sage 50cloud Accounting (formerly Peachtree Software) is a comprehensive accounting solution for small business. Designed for security, compliance and cloud-connected productivity. Popular features include detailed profitability tracking, cash flow forecasting, customized reporting via Microsoft Excel, advanced inventory tracking and automated bank reconciliation.
Who Uses Sage 50cloud Accounting?
Sage 50cloud Accounting is for all types of small and medium businesses
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Sage 50cloud Accounting
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Reviews of Sage 50cloud Accounting
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28 Years and counting
Comments: Very good, have loved my interaction with some great cleint managers over hte years and we have all benefited.
Pros:
I have used this software for 28 years from DOS to version 28. Its always delivered when required and good support when needed.
Cons:
Recent prices changes have been a challenge and too much for some cleints.
Alternatives Considered:
Sage slowly catching up with Xero, QuickBooks and others
Comments: It is definitely getting better and better but still lagging behind Xero or QuickBooks
Pros:
It now does most, if not all of the things expected from online software for bookkeeping and accounts.
Cons:
The feel is still old fashioned, not very intuitive, though for people coming from desktop Sage this should not be a problem. Still not many apps link with Sage, compared to e.g. Xero
Utilizing Sage for a small supply company
Comments: We have had a positive experience with Sage and plan to continue using the product. I know a lot of people compare it to Quick Books, but in my experience I find Sage much more user friendly and doest tend to crash out of no where.
Pros:
Sage makes it incredibly easy to set up new customers, new vendors, and new products. In as little as 5 min I can have a new product set up, have a new customer set up, and have a quote emailed over to them with an estimated cost.
Cons:
The only area we struggle on is breaking an items case down. We may purchase a case of an item and sell individually. We had to create our own SOP on how this works in Sage so other people would not mess it up in the system. Once you understand it, it no longer is an issue. Every time someone new is working in the system we have to review all items they set up to ensure they dont make the typical mistakes.
Good...But A Little Expensive
Comments: I use the Canadian version of the software. I suspect it's basically the same as the American version, except for sales tax and payroll, but I would check a review of that version for any American users.
Pros:
Sage 50 is an easy-to-use piece of accounting software aimed at SMEs (small and medium-sized enterprises), and it is one of QuickBooks' major competitors. It's fairly easy to find people who are familiar with Sage 50. That's a plus for small businesses looking to find an employee or outside service provider to take care of their books. If you are looking to do the books yourself, Sage 50 is relatively easy to learn. They have thorough tutorials available to walk you through the basics. Major transactions are grouped together under tabs on the left-hand navigation panel. The various workflows--receivables, payables, inventory and services, employees and payroll, and a 'company' category--are all shown graphically. Each task within a major area is represented as a labeled icon, making it is to start a new transaction from this screen. The 'company' link is a catch-all category, including general journal entries, the chart of accounts and tools for managing your data and accounting tasks. Virtually every report that a small business could need is available in Sage 50.
Cons:
I found Sage 50 to be glitchy in the past. I have spent too many hours on hold or on a call with their tech support. I use the payroll-included version of Sage 50. I also have a support package. In all, that's not competitively priced. If it weren't for the fact that some clients have been using this software for years and are reimbursing me for the cost of the software, I would not be using it. QuickBooks is a better value.
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Fantastic Product
Comments: A great product with a great level of customer service.
Pros:
It's easy to understand and drill down to a transactional level. I'd say it's still built for people who have an understanding of accountancy rather then being built for day to day business user.
Cons:
Has stood still for a period in time but seeing more improvements with each update and new features.
