Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology. QuickBooks Online and FreshBooks are the PCMag Editors’ Choice winners for small-business accounting. They’re both leading-edge accounting apps whose features are generic and usable enough to appeal to millions of small-business owners, yet customizable enough to fit many of them well. They’re less expensive than Sage 50, more accessible, and not overwhelming to smaller businesses. Sage has experience and expertise in working in the cloud that has built up over decades.

I recommend customizing the look of Sage 50 Accounting’s reports, especially if you’re going to share them, because the default templates are rather uninspired. In any event, both time and expenses can be automatically added to invoices. In evaluating pricing, we considered the billing cycle (monthly or annual) and number of users. Peachtree by Sage use to be an awesome product and I would have highly recommended it in the past, but now that they have implemented a yearly fee, we are currently looking for another software system.

Does Sage accounting allow data import?

Also, the accounting software allows businesses to categorize reports and export them into comma-separated values (CSV) and PDF files and Excel spreadsheets without tampering with the original document formats. The accounting software’s automated A/P feature keeps you abreast of what you owe, whom you owe and when your payments are due. You can manage the credit terms and limits of each supplier and categorize pending payments, so you don’t miss anything. Sage 50 Professional is the ‘top of line’ version of Sage 50, it allows up to twenty users at a price of £155 per user per month. Again, you can expect all the functionality of the above versions but with some added extras.

Sage 50 Capture can only capture receipts and cannot send invoices, categorize expenses, and enter bill payments. We recommend choosing Zoho Books or even FreshBooks for a great mobile app. Sage 50’s customer service is good since it’s available 24/7 for phone and online chat support. It also has robust self-help information and community support where you can interact with other Sage users. Sage 50’s 24/7 support is included in all plans at no additional cost.

Sage 50 Accounting vs Competitors FSB Case Study

The higher-tier Accounting plan includes cash flow forecasts, profit analysis, accounts payable aging reports and stock movements. For comparison, accounts payable and receivable reporting requires the Essentials version of QuickBooks Online ($60 per month). He wasn’t interested in listening to my reasons, just trying to get me to pay an extra $65 for one additional month of access. I am very disappointed in a company that I have been using for 14 years now. By the way, I only had to update 3 times in the 14 years when I could purchase the product.

Of the two, Wave Accounting is slightly more feature-rich, with additional payment services. The Pro Accounting plan is best suited for entrepreneurs and small businesses with single users. Between Sage Accounting Start and Sage Accounting, this software offers solid reporting features, extending beyond the basic financial sage 50 pricing statements (profit and loss statement, cash flow statement, general ledger). With the entry-level plan, you can create a chart of accounts, sales tax reports, 1099 vendor reports and accounts receivable aging reports. Sage 50cloud is desktop accounting software with cloud features created for small to mid-sized companies.

Drawbacks of Sage Accounting

The software offers a robust range of features, such as bookkeeping, tax, invoice, and cash flow tools. Users can also view their financial statements from their laptop, tablet, or smartphone. Inventory tracking can be a particularly useful feature of accounting software for product-based businesses.