If you are looking for efficient accounting software, Sage 50 cloud accounting software is one of the best tools to give a try. It can handle the core processes of your business accounting by streamlining the tasks and overcoming the limitations. Moreover, it can integrate seamlessly with third-party applications to accomplish more without needing you to switch to a different tool.
There are many advantages of using Sage 50 Cloud accounting application when you know how to make the most out of this tool. Therefore, we have covered the important aspects of this software, such as feature, pricing, pros, and cons in this post.
Need help in getting started with the Sage 50 cloud accounting solution? Contact Sage Online Solution to 1.844.341.4437 get all your queries answered and acquire relevant assistance with the tool.
A Brief Description Of Sage 50 Cloud Accounting Software
Sage 50 Cloud Accounting application is a desktop-based software that comes with the power of the cloud. It simplifies your accounting tasks and offers additional flexibility to access and share your financial data. Moreover, it has robust inventory management and reporting features. Thus, you can store, organize and share your financial information, analyse your financial data and make well-informed decisions to grow your business with this incredible tool. There are three versions available for the software: PRO, PREMIER, and QUANTUM.
Sage 50 Cloud Accounting Pro ($299 On-Premise)
Pro is the entry level accounting solution for the small business who doesn’t require the advance features to accomplish their day-to-day tasks. It lets them organize their finances, streamline cask flow, get paid for the invoices with ease, and manage their inventory efficiently.
Sage 50 Cloud Accounting Premier ($499 On-Premise)
Sage 50 Cloud Premier is the intermediate solution to cater to the business accounting needs that are not covered in Pro version. It has slightly advanced accounting and budgeting features to accomplish complex operations. For instance, you can track profitability with job change orders, archive and restore your financial data, and protect your business accounting with module level security.
Sage 50 Cloud Accounting Quantum ($1,499 On-Premise)
Sage 50 Cloud Quantum is the most advanced version, suitable for the businesses looking for the advanced accounting features. It has a centralized system to manage and streamline your business accounting with the incredible features. The list includes industry-specific functionality for different industries, inventory, customers, jobs, employees, and several others.
Outstanding Features Of Sage 50 Cloud Accounting Software
Sage 50 Cloud accounting is known for its powerful features, covering the important aspects of business accounting, such as budgeting, reporting, invoicing, cash flow, bank reconciliation and various others. Check the offered features in details:
Inventory Management
Inventory is a crucial part of a business, as it includes the storage and movement of the items. However, over-storage can lead to waste, whereas running short of the items can lead to the failure in order fulfilment. The powerful inventory management feature of Sage 50 Cloud allows businesses to maintain the right amount of inventory items and remain on the top of the purchase orders.
Invoicing and Payments
When running a business, chasing after payments not only kills your time but also hampers your peace of mind. Using Sage 50 cloud solution, you can send personalized invoices to the customers and get paid with ease.
Bank Reconciliation
To check if your bank account transactions meet to those recorded in your accounting application, you need to reconcile your bank regularly. With Sage 50 Cloud, you can reconcile bank transactions without needing to match them manually.
Advanced Reporting
Keeping an eye on the major growth areas of your business lets you overcome the shortcomings and capitalize on the strengths. The advanced reporting feature of the program lets you track your business performance, and make informed business decisions.
Industry-Specific Features
Every industry is different and so are their accounting management requirements. The Sage 50 Cloud accounting solution has industry-specific functionalities to cater to the diverse accounting needs from industries, such as construction, distribution, and manufacturing.
Expense Management
Expense management is one of the most pivotal tasks for the businesses, which allows them to control spending, keeping an accurate record of the finances, and support the data-driven decision making. Sage 50 Cloud Accounting software has expense management feature for the businesses to keep their expense in check.
VAT and Tax Management
It is crucial for the businesses to adhere with the latest tax laws. The simplified VAT and TAX management feature from this accounting tool Businesses can directly pay their taxes to the authorities, thereby avoiding the tax penalties.
Payroll Management
Sage 50 Cloud solution lets businesses management their payroll processes accurately and in a timely manner. When employees are paid on time, they remain motivated and work with better efficiency.
Pros and Cons of Sage 50 Cloud Accounting Software
The accounting program has many benefits, but it has certain limitations as well. Let’s discuss the merits and limitations of the software explained in the following sections:
Benefits Of Sage 50 Cloud Accounting Application
Some of the highly admired benefits of the program are stated below:
Impenetrable Security: It offers robust security to your financial data through advanced encryption methods.
Scalability: You can scale up or down your accounting program based on your specific business requirements.
Remote Accessibility: Remote access is one of the most acknowledged benefits, as it provides businesses with additional flexibility to access their data remotely.
Compliance: The tool is compliant to the latest tax laws and standard regulations, so you can run your business without needing to worry about the legal complications.
Easy Integrations: It supports easy integration with the third-party applications, so that you can get more in your accounting program without needing to switch to a different tool.
Limitations Of Sage 50 Cloud Program
Sage 50 Cloud solution is not devoid of the limitations as stated in the list:
Customer Service: Some users report that the customer service is not always available in the hours of the need.
File Corruption: File corruption is often occurred due to the cloud computing that becomes a nuisance for the users.
Ending Words!
Sage 50 Cloud accounting software is one of the most trusted accounting solutions for small to medium-sized businesses. It can help them with powerful tools and features. However, you need to choose your product wisely to cater to the specific business accounting needs. If you want to get a thorough consultation when choosing the right version of Sage 50 Cloud accounting software, connect with the Sage Online Solution experts.
