Sage 50cloud Accounting Reviews & Pricing

by Sage Group, Inc. | Founded 2011, Atlanta, GA

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What is Sage 50cloud Accounting?

Industry Specialties: Serves all industries

Sage 50cloud Accounting is a cloud-based accounting software designed for small and medium-sized businesses (SMBs). It helps manage essential financial tasks like bookkeeping, invoicing, payroll, and tax filing. Its user-friendly interface and range of features cater to businesses with varying accounting needs, from basic bookkeeping to complex financial management. Sage 50cloud boasts strong inventory management, allowing for real-time stock tracking and purchase order creation. Additionally, its reporting capabilities offer valuable insights into business performance, aiding in informed decision-making. Users appreciate its mobile accessibility and integration with popular third-party applications. Compared to similar products, Sage 50cloud shines in its ease of use and scalability. However, its pricing structure, which scales with business size and complexity, might be a consideration for startups or solopreneurs. Overall, Sage 50cloud is a well-rounded accounting solution ideal for SMBs seeking a user-friendly and scalable platform to manage their finances.

Pros

User-friendly interface
Strong inventory management
Comprehensive reporting
Mobile accessibility
Integration with third-party apps

Cons

Limited customization options
Potentially complex setup
Scalable pricing structure
Limited integrations
Occasional performance issues

PRICE

COMPANY SIZE

DEPLOYMENT

PLATFORM

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Sage 50cloud Accounting Pricing

Based on our most recent analysis, Sage 50cloud Accounting pricing starts at $11 (Monthly).

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Starting From: $11
Pricing Model: Monthly
Free Trial: Yes, Request for Free

Training Resources

Sage 50cloud Accounting is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Sage 50cloud Accounting:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Sage 50cloud Accounting Benefits and Insights

Why use Sage 50cloud Accounting?

Key differentiators & advantages of Sage 50cloud Accounting

Cost-Effective: A minimal monthly rental fee replaces upfront, installation and maintenance costs. It is cloud-based and doesn’t need dedicated personnel for support as there is a team of available experts hired by the cloud hosting providers.
Easy Access: Clients and employees can work on a single system simultaneously, irrespective of location. Centralized access to data is helpful for companies that have multiple locations or employees working remotely.
Automatic Backup: Users get automatic data backups without any additional changes. Data is backed up into different paths, which ensures security and maximum data redundancy. If a disaster happens, users can rest assured that their financial data will be secure, without the requirement of any additional backup system.
Paperless Processing: Creates a paperless work culture by eliminating any paperwork with a centralized database that takes care of all documentation needs.
Round the Clock Support: Provides a dedicated support team that is available 24/7
Boost Efficiency and Productivity: Users can view or edit their files and seamlessly perform other functions. Export data through Excel or PDF files without any loss of functionality or efficiency. Download required files or data from any place using any device.
Less Downtime: Unlike traditional systems, users can access all data and files within a system with an internet connection, with reduced or no downtime.
Easy Collaboration: Seamlessly share information with clients, even when they are working on the system. Eliminates the need to sync or copy files while simplifying collaboration with outsourced employees.
Security: Security measures are the responsibility of the cloud hosting provider. They use data encryption technologies, third-party audits, backup power supplies and firewalls to ensure stringent security. Furthermore, since the data is saved in multiple servers and is regularly backed up, there is no risk of data loss.
Free Trial: Experience a 30-day free trial without having to enter any credit card details or install the software.

Industry Expertise

While not explicitly tailored to one industry, Sage 50cloud boasts features catering to certain sectors. Its robust inventory management shines for businesses with product-centric operations like retail, wholesale, or manufacturing. Construction companies benefit from project tracking capabilities, while professional services firms appreciate its time and expense management functionalities. Ultimately, Sage 50cloud's flexibility allows adaptation to diverse industry needs, though businesses with highly specialized accounting requirements might seek more industry-specific solutions.

Synopsis of User Ratings and Reviews

Based on an aggregate of Sage 50cloud Accounting reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Ease of use: Intuitive interface and simple navigation for everyday accounting tasks.
Cloud-based: Access your data from anywhere with an internet connection, simplifying remote work and collaboration.
Mobile app: Manage your finances on the go with the Sage 50cloud mobile app.
Automation: Automate repetitive tasks like bank reconciliations and invoicing to save time and reduce errors.
Reporting and analytics: Gain insights into your business performance with customizable reports and dashboards.
Integrations: Connect Sage 50cloud with other business applications you use, like CRM and e-commerce platforms, for a streamlined workflow.
Scalability: Grows with your business, accommodating increasing data volumes and user needs.
Security: Robust security features to protect your financial data.

Cons

Pricing: Can be expensive for small businesses compared to some competitors.
Limited features: May lack some advanced features needed by larger businesses.
Learning curve: Interface can be complex for new users, requiring training or investment in onboarding.
Integrations: Not all third-party applications integrate seamlessly, requiring workarounds or additional costs.
Performance: Some users report occasional lag or slowness, especially on older hardware or with large datasets.
Customer support: Mixed reviews on customer support responsiveness and helpfulness.

Researcher's Summary:

Sage 50cloud Accounting receives praise for its ease of use, cloud accessibility, and automation features. Users with typical accounting needs appreciate the intuitive interface and simple navigation, making it a breeze to handle everyday tasks like invoicing and bank reconciliations. The cloud-based nature allows for remote work and collaboration, a major plus in today's world. Automation takes repetitive tasks off their plate, saving time and minimizing errors. However, some users find the pricing to be on the steeper side compared to competitors like QuickBooks. While Sage 50cloud boasts strong core accounting functionalities, it may lack the advanced features needed by larger businesses, prompting them to consider alternatives like Xero or NetSuite. Additionally, the interface can feel complex for new users, requiring dedicated training or onboarding resources. Differentiating factors like robust security features and seamless integrations with CRM and e-commerce platforms appeal to businesses looking for a secure and streamlined workflow. Sage 50cloud's scalability further attracts users planning for future growth, as it can accommodate increasing data volumes and user needs. Overall, user reviews suggest Sage 50cloud shines for its user-friendliness, cloud accessibility, and automation tools. However, its pricing strategy and potential lack of advanced features might nudge some users towards competitors. Businesses that prioritize security, integrations, and scalability will find Sage 50cloud a compelling option, especially considering its potential to grow alongside their company's needs.

Key Features

Cash Flow and Invoicing: Provides a clear picture of finances where cash flow settings can be customized as per the business’s requirements.
Payment and Banking: Automates accounts payable, purchase orders, invoices, payments, invoices, bank feeds and reconciliation. Automatic reconciliation eliminates manual data entry and simplifies payment acceptances.
Advanced Inventory Management: Tracks cost and quantity and stays ahead of purchase orders by keeping everything in stock.
Job Costing: Provides an estimate into how much time projects take and how much money is being made on each job.
Payroll: Tracks employee tips, vacations and hours spent. It also makes payroll processing easy with direct deposit and pay cards.
Reporting: Supports one-click reports for payables, sales tax, expenses, receivables, inventory, payroll and more. Design and customize reports to fit business requirements.
Security Shield: Provides Security Shield for customers to ensure financial security through their partnership with Sontiq

Approach to Common Challenges

Managing invoices and payments: Sage 50cloud streamlines invoice creation, tracking, payment reminders, and online payments, reducing manual effort and ensuring timely collections.
Tracking inventory: Real-time inventory tracking, purchase order management, and stock alerts prevent stockouts and overstocking, optimizing inventory levels and costs.
Reconciling bank statements: Automatic bank feeds and reconciliation tools save time and minimize errors, ensuring accurate financial records.
Generating financial reports: Comprehensive reports on profitability, cash flow, sales, and expenses provide insights for informed business decisions.
Staying compliant with tax regulations: Built-in tax calculation and filing capabilities, along with updates for regulatory changes, assist in maintaining compliance and avoiding penalties.

Cost of Ownership

Frequently asked questions regarding Sage 50cloud Accounting pricing include:

Q: How does Sage 50cloud's pricing structure work?
A: Sage 50cloud offers three subscription tiers: Accounting Start, Accounting Standard, and Accounting Plus. Pricing is based on the number of users, features required, and complexity of business operations. Monthly and annual payment options are available.
Q: Are there any additional fees beyond the subscription cost?
A: Yes, some features like payroll, payment processing, and data migration may incur additional fees. It's essential to consider these potential costs when evaluating the overall expense.
Q: Can I try Sage 50cloud before committing to a subscription?
A: Yes, Sage offers a free 30-day trial for all subscription tiers, allowing you to explore the software's features and assess its suitability for your business needs firsthand.

FAQ

Frequently asked questions regarding Sage 50cloud Accounting include:

Q: How easy is it to set up and use Sage 50cloud?
A: Sage 50cloud is designed for ease of use, with a user-friendly interface and intuitive navigation. Initial setup involves adding company information, importing data, and configuring settings, typically achievable within a few hours.
Q: Can Sage 50cloud integrate with other business software I use?
A: Yes, Sage 50cloud offers integrations with popular business apps like PayPal, Stripe, Zapier, and more. These integrations streamline workflows and data exchange between different systems.
Q: What kind of security measures does Sage 50cloud have in place?
A: Sage 50cloud employs robust security measures to safeguard sensitive financial data. These include data encryption, multi-factor authentication, role-based access controls, and regular security updates.
Q: What kind of support is available for Sage 50cloud users?
A: Sage offers a comprehensive support ecosystem, including online resources, knowledge base articles, video tutorials, live chat, and phone support from trained professionals.
Q: Can Sage 50cloud handle multiple currencies?
A: Yes, Sage 50cloud supports multiple currencies, enabling businesses to operate internationally and track transactions in different currencies seamlessly.
Q: Can I access Sage 50cloud remotely or on mobile devices?
A: Yes, Sage 50cloud is cloud-based, accessible from any device with an internet connection. It offers a mobile app for iOS and Android devices, enabling on-the-go accounting tasks.

Limitations

At the time of this review, these are the limitations according to user feedback:

Can be overwhelming for users with little to no knowledge of accounting or bookkeeping.
Not easy to process invoices with the provided layout
Doesn’t grow as your business scales.
Unable to open backup files if it’s not upgraded to the same version
Reports have a limited time period range

Suite Support

Email:Login with Skype or Facebook on Pegg.

Phone: 1 (866) 996-7243.

Training: Sage University provides educational material and training, along with a forum to ask questions.

Tickets: Users can submit forms through their support website.

FAQ

Frequently asked questions regarding Sage 50cloud Accounting include:

Q: How easy is it to set up and use Sage 50cloud?
A: Sage 50cloud is designed for ease of use, with a user-friendly interface and intuitive navigation. Initial setup involves adding company information, importing data, and configuring settings, typically achievable within a few hours.
Q: Can Sage 50cloud integrate with other business software I use?
A: Yes, Sage 50cloud offers integrations with popular business apps like PayPal, Stripe, Zapier, and more. These integrations streamline workflows and data exchange between different systems.
Q: What kind of security measures does Sage 50cloud have in place?
A: Sage 50cloud employs robust security measures to safeguard sensitive financial data. These include data encryption, multi-factor authentication, role-based access controls, and regular security updates.
Q: What kind of support is available for Sage 50cloud users?
A: Sage offers a comprehensive support ecosystem, including online resources, knowledge base articles, video tutorials, live chat, and phone support from trained professionals.
Q: Can Sage 50cloud handle multiple currencies?
A: Yes, Sage 50cloud supports multiple currencies, enabling businesses to operate internationally and track transactions in different currencies seamlessly.
Q: Can I access Sage 50cloud remotely or on mobile devices?
A: Yes, Sage 50cloud is cloud-based, accessible from any device with an internet connection. It offers a mobile app for iOS and Android devices, enabling on-the-go accounting tasks.