Sage Accounting vs AccountEdge
Last Updated:Our analysts compared Sage Accounting vs AccountEdge based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.
Product Basics
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Product Insights
- Streamlined Financial Management: Sage Accounting simplifies complex financial tasks, allowing businesses to manage invoices, track expenses, and reconcile bank transactions efficiently.
- Real-Time Financial Insights: Gain immediate access to up-to-date financial data, enabling informed decision-making and strategic planning without waiting for end-of-month reports.
- Improved Cash Flow Management: By automating invoicing and payment reminders, Sage Accounting helps businesses maintain a healthy cash flow and reduce the risk of late payments.
- Enhanced Collaboration: Multiple users can access the system simultaneously, facilitating teamwork and ensuring everyone is on the same page with financial data.
- Scalability: As your business grows, Sage Accounting can easily scale to accommodate increased transactions and additional users, ensuring continuity and efficiency.
- Compliance Assurance: Stay compliant with tax regulations and financial reporting standards through automated updates and built-in compliance checks.
- Time Savings: Automating routine accounting tasks frees up valuable time for business owners and accountants to focus on strategic initiatives and growth opportunities.
- Cost Efficiency: Reduce the need for extensive manual bookkeeping and minimize errors, leading to cost savings in both time and resources.
- Data Security: Protect sensitive financial information with robust security measures, including encryption and regular backups, ensuring peace of mind.
- Customizable Reporting: Generate tailored financial reports that meet specific business needs, providing insights into performance and areas for improvement.
- Seamless Integration: Connect Sage Accounting with other business tools and applications, such as CRM systems and payment processors, for a unified workflow.
- Accessibility: Access your financial data from anywhere with cloud-based functionality, allowing for flexibility and remote work capabilities.
- Reduced Human Error: Automated calculations and data entry minimize the risk of mistakes, ensuring accuracy in financial records.
- Enhanced Customer Relationships: Professional invoicing and timely payment reminders improve customer interactions and satisfaction.
- Environmental Impact: Digital record-keeping reduces the need for paper, contributing to environmentally sustainable business practices.
- Quotes and invoices: Create personalized quotes and invoices. Convert quotes to invoices with a click.
- Cost-effective: Pay only a one-time fee charged for each plan. This means extra payments are to be made only when the users purchase available add ons.
- Compatibility: Use Pro on Windows or Mac or get a mobile app for iOS devices. Access data without leaving the comfort of the desktop application with Connect. Get all the desktop features with Pro Hosted.
- Easy Installation: Get it up, running and access a vast amount of information within minutes. Learn more about using the platform by logging in to the user forum on the community page. Enjoy the simple to use interface and flexible reporting system.
- Simple Reporting: Look up information in numerous ways. Drill down into accounts and transactions with the interactive balance sheet and profit and loss reports. Slice and dice data for analysis. Easily control services from quote complete to invoice delivery.
- Time Billing and Retainers: Review how much money a client has to deposit and what is to be billed at the end of the month. Easily log in on-site with the quick interaction on the mobile app.
- Reconciling Statements: Find the amount by viewing them by debits or credits. Change marked items to blue which makes scanning the remaining numbers easy.
- Easy Job Budgeting And Analysis: Ensure easier functionality with new buttons added under budget analysis. Edit amounts for the job, calculate and display adjusted budgets and compare the actuals, in one window.
- Reminders: Add promise date as a reminder for the completion of job schedule.
- Cloud-Based Access: Access your financial data from anywhere with an internet connection, ensuring flexibility and convenience for remote work.
- Automated Bank Feeds: Automatically import bank transactions to save time on manual data entry and reduce errors.
- Invoicing Capabilities: Create, send, and track professional invoices with customizable templates to maintain brand consistency.
- Expense Management: Easily record and categorize expenses, helping you keep track of where your money is going.
- Multi-Currency Support: Handle transactions in multiple currencies, ideal for businesses dealing with international clients or suppliers.
- Real-Time Reporting: Generate up-to-date financial reports to gain insights into your business's performance and make informed decisions.
- VAT Compliance: Automatically calculate VAT and generate VAT returns, ensuring compliance with tax regulations.
- Integration with Third-Party Apps: Seamlessly connect with other business tools like payment processors and CRM systems to streamline operations.
- Inventory Management: Track stock levels and manage inventory efficiently to prevent overstocking or stockouts.
- Project Tracking: Monitor project costs and profitability, helping you stay on budget and assess project performance.
- Role-Based Access Control: Assign different access levels to team members, ensuring data security and privacy.
- Mobile App Availability: Manage your accounting tasks on the go with a mobile app that offers core functionalities.
- Customizable Dashboards: Tailor your dashboard to display key metrics and insights that matter most to your business.
- Recurring Invoices and Payments: Set up recurring billing for regular clients to automate invoicing and payment collection.
- Customer and Supplier Management: Maintain detailed records of customers and suppliers, facilitating better relationship management.
- Audit Trail: Keep a comprehensive log of all transactions and changes for transparency and accountability.
- Data Import and Export: Easily import and export data to and from other systems, ensuring seamless data migration and backup.
- Multi-User Collaboration: Allow multiple users to work simultaneously, enhancing team collaboration and productivity.
- Custom Financial Reports: Create tailored financial reports to meet specific business needs and reporting requirements.
- Payment Processing Integration: Integrate with payment gateways to facilitate smooth and secure payment processing.
- Accounts: Maintain charts of accounts. Choose from over 100 templates in Pro or create templates. Create a budget for any active account or for each job and project by tracking individual jobs.
- Banking: Set up and manage all bank related activities, which includes importing bank statements for reconciliations. Connect credit card and bank accounts to the application with automatic bank feed options.
- Contacts: Manage all customers, vendors and employees from a central location. Attach documents or contracts to vendor files, add a photo or create custom letters for the customers.
- Sales: Create a quote, process a sales order, create an invoice for a customer and accept customer payments for all open orders. Make shipping the product easy by integrating the invoice with UPS and providing customers with the tracking details. Place comments and choose how to deliver invoices. Create sales orders for customers that pay in advance. Accept credit card payments and record incoming payments by creating an account with Merchant Account. Manage online sales and inventory by syncing online stores using Shopify connector. Attach a document to invoices and purchases to enable tracking of warranties and package slips.
- Time billing: Track time and bill customers with Pro. Track billable and non-billable hours spent on the project or track employee time for billing purposes. Remotely track time using Connect. Monitor all work in progress to bill the customers as the project continues.
- Purchases: Create a purchase order, convert a bill to an order, enter vendor accounts payable and pay them electronically or by check. Complete vendor payment electronically and process 1099 forms at year end for contractors, using information tracked in purchases.
- Payroll: Set up payroll using the payroll assistant. Do the calculations inhouse or outsource through SurePayroll. Get a variety of add-on options like direct deposit, payroll forms and e-file services when processing payroll in-house.
- Inventory: Add details about specific items as well as selling and buying options with the Pro inventory module. Assign multiple pricing levels to the products, get an alert when the stock drops below a specified point. Keep track of best-selling products, and even build items and kits.
- Purge Jobs: Remove unused, older jobs from a larger list. Delete the selected job and remove it from the transaction list.
- Custom List and Custom Fields: Track the jobs by adding custom list and custom fields upto the count of three. Define list names, list members and field names, and use a custom list as a filter for job reports.
- Customized Job Status: Check which job is pending, delivered or on hold by customizing the job status.
- Activity Slips: Track time tied to a job under the job list Window. Drill into the activity slip or print out a report.
- Transactions: Get easy access to a list of all the transactions under the job information window. Get information like quotes in summary or detail.
- Job Number: Automatically assign job number to each line of transaction when creating a sale to a customer that has a single job associated with it. Remove or overwrite it as and when needed.
- Job Address: Manually enter or automatically include address and contact information for a job from a linked customer address and phone number, especially in cases where the job is associated with site or location.
- Job Transaction Summary Report: Get a list of transactions, including quotes and orders that are associated with the specific jobs. Filter it out on the basis of type, sales and purchase order.
- Emails: Use merge tags to create email templates. Include additional email addresses and choose an email address from Card. Open and view the email in the email client instead of it being automatically sent.
- Search Option: Search by account number or account name and use starts with/contains filters. Search account list by number or name and look by contact on the cards list. Identify unknown or forgotten company names by using search from list on transactions.
- Paid Stamp: Avoid confusion when re-sending a copy of a paid invoice to a client with a paid stamp which is a custom field and can appear on printed and PDF sales form.
- Deleting Deposits: Edit or delete the deposit payment after an order has been converted into an invoice.
- Calendar Event: Create a calendar event in the MacOS Calendar app, while recording the transaction or when the payment is due. Reminders can also be created from the card file.
- Add Note: Remember why the inventory was adjusted or created a particular job entry by adding a note to all the transactions. Check stubs and other transactions by adding a note field to the appropriate report.
- Forecasting with Recurring Sales: Get a more accurate estimation of financial situation at a point in time. Only get relevant fields displayed when the radio button is used.
- Company Data Auditor: Make sure that the financial information is accurate, protected and balanced. Backup and verify the company file with the audit tools. Lock down reconciled financial data, keep an audit trail and run reviews to make sure the numbers are in balance.
Product Ranking
#43
among all
Accounting Software
#64
among all
Accounting Software
User Sentiment Summary
890 reviews
176 reviews
Sage Accounting has a 'great' User Satisfaction Rating of 85% when considering 890 user reviews from 3 recognized software review sites.
AccountEdge has a 'great' User Satisfaction Rating of 88% when considering 176 user reviews from 2 recognized software review sites.
Synopsis of User Ratings and Reviews
How can Sage Accounting help your business grow with the times? Sage Accounting software has garnered a mixed bag of user reviews over the past year, with some users singing its praises while others hit a sour note. Users appreciate Sage Accounting's robust automation capabilities, particularly for tasks like bank reconciliation and financial reporting, which streamline financial operations and reduce manual effort. Its comprehensive add-ons, such as payroll and HR, are also seen as major pluses, transforming it into a comprehensive business management solution. However, the software's steep learning curve and less intuitive interface have left some users feeling like they're stuck in a maze. Users have also pointed out that Sage Accounting's pricing, while not publicly disclosed, is often higher than that of competitors, making it a potential budget buster for smaller businesses or startups. A key differentiator for Sage Accounting is its scalability, making it a good fit for businesses anticipating rapid growth or those with complex accounting needs, such as multi-entity consolidation. This is particularly beneficial for businesses with ambitious expansion plans, as they can avoid the headache of switching software as they grow. However, this strength also underscores a significant weakness: Sage Accounting's complexity can be overwhelming for smaller businesses or those with simpler accounting requirements. In essence, it's like using a sledgehammer to crack a nut – overkill for some. In conclusion, Sage Accounting is most suitable for medium to large businesses with experienced accounting personnel who can navigate its advanced features and leverage its automation capabilities. It's a powerful tool for businesses that need to manage complex financial operations and have the resources to invest in a premium solution. However, smaller businesses or those new to accounting software might find more user-friendly and affordable options on the market.
Want to know if AccountEdge will give you an edge in accounting? AccountEdge is a popular accounting software for small businesses, especially those familiar with desktop-based applications. Users praise its comprehensive features, including general ledger, accounts payable/receivable, invoicing, and inventory management, all without requiring a subscription like QuickBooks Online. Many find it easier to use than QuickBooks, citing its intuitive interface and logical workflow. However, some users point out its limitations for businesses with complex needs, such as limited integrations with other software and a lack of advanced reporting features. AccountEdge shines for small businesses seeking a robust, desktop-based accounting solution with a one-time purchase cost. Its ease of use and comprehensive features make it ideal for managing day-to-day finances, especially for those who prefer a traditional accounting software experience. However, businesses requiring advanced features or extensive integrations might find AccountEdge limiting and should consider cloud-based alternatives.
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