Like many others that have found themselves here, you must have also stumbled on the Sage 50 Accounting Software (formerly known as Peachtree Accounting Software) and needed more convincing before you started putting your money on their plans. Quite frankly, I think that is a great idea.
For a platform that offers to do so much that it looks unreal, how do they really keep up to their promises? Are they a scam or are they legit? Whichever it is, you will find out at the end of this Sage 50 Review.
What is Sage 50?
The Sage 50 Accounting Software is on of the best accounting software complete out of the box solution for small businesses that need to handle their accounting tasks professionally. The software can also be used to manage businesses in the medium scale, provided the number of employees remains within the 0 – 50 range.
Sage 50 aims to support your business as it grows, offering a kind of progressive pricing plan that is scarce on the market.
What that means is that you will only be charged for the software based on the number of users/ employees in the organisation, helping you expand at the same rate as your pocket allows.
With this software, you can choose various plans that determine what your setup will be handling directly. In other words, you get to use the Sage 50 for more than just Accounting.
Having been in the market for a while and the choice of millions of businesses around the globe, the management behind the software are doing something amazing to have kept such a user and customer base for so long. Visit Sage website for more
Sage 50 Features
Depending on what you and your small/ medium business needs, here are the things you can employ the Sage 50 software for
- Cash flow monitoring
- Invoicing
- Online bills payment
- Project management
- Inventory management
- Customer management
- Basic accounting
- Insights and Analytics generation
- Customisable reports and financial statements
- Sage advisor
- Terminal services
With that list, we can streamline it into three things. First, your sage 50 software will do everything you ask from it when it comes to basic accounting, entering money that comes into the business and cash that flows out so that you can generate Profit and Loss accounts as well as keep a master ledger.
The accounting goes on to include more than just money but physical assets too. Inventory just got easier for your business.
Next, you get to take advantage of the invoicing feature in getting paid by clients for work. Last but not the least is the offer of payroll functions, helping to keep your monthly salary/ wage and bill payments automated to the teeth.
Pros
- Easy to install and use
- Good customer support
- Excellent reporting
- Ability to handle large inventory
- Great for auditing
Cons
- Not very intuitive
- Bank reconciliation sometimes malfunctions
- Zero CRM integrations
Sage 50 Pricing Plan
There are three pricing options offered in the Sage 50 program. They can be accessed immediately by paying for the one that best suits your needs at the moment.
If you are having doubts, you could go for a free trial first to convince yourself. When you decide to commit, you can pick from these options:
- Pro Plan – $439/ year
- Premium – $679 – $1609/ year
- Quantum – $1729 – $2879/ year
The plan you will choose will be dependent on how many users you want to give access to the platform and what features you need. All of this information will still be made available to you on the official platform before you go ahead with payment.
Wrap Up
Sage 50 is not the cheapest accounting software you can get for your small business, but it is better than most. The flexibility of the pricing plan makes it a further interesting option to consider.
To be candid, every plan looks slightly expensive. Compare the price against what you are getting for the money and you will agree with us that it is quite a steal.
If you feel there is anything left out of this Sage 50 Review, please let us know in the comments. To Learn more about Sage 50 and other Small Business solutions from Sage, Click Here.
