Sage Accounting Software Review: Cost, Pros, Cons
Eastern time, Monday through Friday (excluding major U.S. holidays). Support is available for customers with active Sage50 licenses, and additional expert services are available for advanced topics and programs. Sales price levels correspond with those you assign your customers, so make sure that you enter the price levels in consistent order , or select from the different prices when invoicing your customers. You can specify a default price level for customers in the Maintain Customers/Prospects window. You can disable each price level and customize the price level names in the Inventory Item Defaults window. Item sales price levels are set up when you select the price level button on the General tab of the Maintain Inventory Items window.
Create multiple inventory records for items or services you sell at different prices. For example, you may sell an item at regular price if sold individually, or at a lower price when sold as part of a set. Using Sage 50cloud won’t be an easy experience for DIY business owners or mom-and-pop shops. We can’t recommend it to you if you’re planning to do DIY bookkeeping as it’s hard to use for business owners without accounting software experience. You can input basic company information and other useful information like entity type and fiscal year-end.
Excellent Desktop Accounting
If you click to view a detailed customer list, for example, a window opens containing both the list and links to related tasks, such as View Quotes and Create Sales Order. You can easily end up opening multiple windows to get to the page you want, and then you have to close them all. If multiple employees need to use the software, you have to create usernames and passwords for them.
Bookkeeper or statement of activitiesant, they can sign up for Sage Accounting Accountants Edition and send you an email invite from their account. Once you accept the invitation, your accountant will have full access rights to the data within your Sage account. Additionally, due to the popularity of Sage in Canada and the United Kingdom, you may find it more difficult to find user support resources specific to U.S. versions of the software. You can display and print a price list, or exportthe list to a variety of formats. This website is using a security service to protect itself from online attacks.
Trending Accounting Software Reviews
However, we can’t seem to combine checks and cash into a single deposit, which makes it difficult to match deposits in your check register to deposits on your bank statement. Overall, Sage 50cloud’s reconciliation is what we want to see. Other add-ons include AutoEntry integration, Sage Invoice Payments, and Microsoft 365. You can visit the provider’s website to learn more about its add-ons. Eric is a staff writer at Fit Small Business and CPA focusing on accounting content. He spends most of his time researching and studying to give the best answer to everyone.
FreshBooks may provide a more modern user experience and greater product transparency. Mary Flory leads NerdWallet’s growing team of assigning editors at large. Before joining NerdWallet’s content team, she had spent more than 12 years developing content strategies, managing newsrooms and mentoring writers and editors. Her previous experience includes being an executive editor at the American Marketing Association and an editor at news and feature syndicate Content That Works. Self-service payroll with available e-file and direct deposit capability. Rick VanderKnyff leads the team responsible for expanding NerdWallet content to additional topics within personal finance.
You have to pay extra to use this app (prices start at $12 per month for 50 credits). I was unable to test AutoEntry, so I don’t know whether it does a better job. Inventory item records, too, have far greater detail in Sage 50cloud than in other cloud-based accounting apps. On the first screen alone, you can enter details like UPC/SKU, item type, location, and weight, in addition to the number of units that are currently on hand and committed on sales orders and purchase orders. You can track serial numbers, view item histories, build assemblies, define item attributes, and more.
Although Sage Accounting is perhaps the most suitable Sage software product for small businesses, it’s only one of many solutions the company offers. Compared to competitors, the Sage Accounting dashboard is reminiscent of an older desktop-based software. The color scheme is monotone, the font is small and although it isn’t particularly difficult to use, it doesn’t have the same approachability as some alternatives. After you sign up for Sage Accounting, you’ll be able to log in to your account and access your dashboard. Your main dashboard view will be the summary tab, which provides an overview of key financial information, such as sales, expenses and cash flow. You’ll be able to navigate to different sections of your account using the navigation bar across the top of your dashboard.
How much does Sage 50cloud accounting software cost?
You can also import or modify the chart of accounts and create user restrictions. We think that first-time users will have a hard time understanding the flow of the software. These inconsistencies can make it difficult to determine which product is being discussed on a particular page, in addition to causing general confusion.
The History tab displays total sales and receipts by month for the customer, as well as Average Days to Pay Invoices and other information. The first entry in the navigation menu takes you to My Dashboard, which appears empty at first because the dashboard is completely customizable. Most other small business accounting apps give you a prebuilt dashboard that may or may not be customizable. The dashboard page often contains a handful of charts and graphs that provide an overview of your company’s finances, like income versus expenses.
Here is a list of our partners and here’s how we make money. Sage Accounting is affordable, but competitors can offer a more modern user experience and greater product transparency. An automotive repair company may want to offer bodywork services at the regular price, and at a discounted price for discount card holders, or a combo price when purchased in conjunction with another service. Thank you for the time you take to leave a quick review of this software.
Sage 50cloud Accounting Deciding Factors
You can also set costs of service items if you have standard costs for services. Sage 50cloud deserves recognition, if only for its A/P features. However, its ease of use isn’t what we would hope for in a small business accounting application.
Allows you to set up pricing level calculations for every inventory item you enter. The calculations you set up act as templates or models and should contain commonly used pricing values. Creating price level calculations saves you time and effort. Instead of having to manually enter different sales prices, you can use a base price and a calculation to adjust the prices as needed. Intuit QuickBooks Online Plus and Zoho Books Premium are our Editors’ Choice winners for SMB accounting.
- The data is then presented in a simple to understand format indicating how many users had positive and negative experience with Sage 50.
- You can set up a calculation based on Current Cost, Last Cost or the first price level .
- Enter the amount to appear on your customer quotes, sales orders, and sales invoices.
- For comparison, accounts payable and receivable reporting requires the Essentials version of QuickBooks Online ($50 per month).
- When you sign in for the first time, you’ll see the Getting Started wizard, which can walk you through the steps needed to get your account set up.
An invoice, for example, could contain a field that assigns that transaction to a job and another indicating that the order should be drop-shipped. You can enter freight charges and view each customer’s balance and credit limit on the invoice page itself. A standard Windows menu runs across the top for people who are more comfortable using that kind of tool. The menu items take you to sections that you can also reach from the left-pane navigation menu, though the items are arranged differently, and the left pane doesn’t include everything.
If you’re interested in any of the other software options, we’d recommend contacting Sage directly for a demo and additional product information. Advanced financial management software for larger businesses. Chart of accounts, enter opening account balances and review your trial balance report. Once your bank accounts are linked, your transactions will download to Sage automatically, helping to streamline the reconciliation process when balancing your books. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page.
Clicking on some line items opens the underlying transactions. Reports take only a second or two to generate but may take longer if you have voluminous data to include. You can apply multiple filters to zero in on exactly the data you want and modify the report’s columns, fonts, and page setup. I recommend customizing the look of these reports, especially if you’re going to share them, because the default templates are rather uninspired.
Dealing With Transactions in Sage 50cloud Accounting
The interface and overall layout design are old and quite similar to the Windows 97 menu bars, drop-down menus, and popup windows. We find it a bit flustering that almost every click gives birth to more windows. We developed a case study to help us evaluate accounting software services across 11 key areas.
It’s best suited to companies that need more advanced capabilities and customizability, aren’t averse to desktop software, and have remote employees. Our Editors’ Choice winners for SMB accounting are Intuit QuickBooks Online PlusandZoho Books Premium. They’re both cloud-based, which means you can access them from nearly anywhere. They tend to be the best options for SMBs based on the balance of features, ease of use, and customization options.
Zoho Books doesn’t offer inventory tracking until its Professional plan ($50), and the free Wave accounting software doesn’t provide these capabilities at all. Use the price list window to change only the prices for the items that you discount for that specific customer. Then, in the customer record, assign the appropriate price list to each customer. On new inventory items, it may be helpful to set up your first pricing level as your base price.
Likewise, Sage 50 can perform faster processing, has industry-specific functions and can be used by up to 40 employees. It features advanced accounting tools like inventory management and module-level security. You can also add options for payroll services and credit card processing to help manage your finances. Sage 50cloud Premium Accounting is more sophisticated in some ways than every other low-end accounting website. That said, its sophistication—and the high cost of subscribing—may make it less appealing to small, simple businesses.
There’s more than one way to get to most tasks and data pages, which is fine if you understand that and choose your own preferred path. It can be confusing, though, if you think every navigation link is unique. Its Free Plan is designed for businesses with less than $50,000 in annual revenue and one user .