Sage 50cloud Accounting Review - why 4.9 stars?

Peachtree Premium Review
ITQlick Score: 83/100
ITQlick Rating:
Pricing: 6.6/10 - high cost
Category: Accounting & Finance -> Sage 50cloud Accounting review
Ranking:Ranked 49 out of 419 Accounting & Finance systems
Company: Sage
Pricing: starts at $340 per user/year
Typical customers: Start up, Small business, Medium business, Large business
Platforms: Desktop
Links: Sage 50cloud Accounting pricing, Sage 50cloud Accounting alternatives
Shlomi LaviShlomi Lavi / updated: Dec 16, 2022

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What is Sage 50cloud Accounting?

Sage 50 Premium Accounting, formerly known as Simply Accounting, is an advanced accounting and business management solution for small businesses that can help users to make informed decisions and analyze their business. Users can prepare budgets and forecasts and track and manage their projects using this advanced solution.

Sage UK, the company behind Sage 50 Premium Accounting, was founded back in 1981 and has served about 800,000 UK customers so far.

Who is it best for?

Sage 50 Premium Accounting is suitable for small businesses that are looking for an advanced solution that can be used by more than one user. Users also get the option to purchase user license for four more in this software which makes it suitable for small businesses with multiple business locations.

Main features and functionalities

Sage 50 Premium Accounting comes with inventory tracking and planning options, item and service data customization, cost tracking by cost code and phase, estimates to actuals comparison, cash flow managing, over 100 built-in financial statements and reports, Excel-based reporting tool, customer management center, business status center and vendor management center features. The purchase includes access to their online knowledgebase 24/7, 60-day money back guarantee and one customer support case.

What is the actual cost?

The cost of license starts at $340 per user/year. ITQlick pricing score is 6.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Sage 50cloud Accounting. You can also find here pricing information from Sage 50cloud Accounting's website.

Pros

  • Sage 50 Premium Accounting offers job forecasting and job costing features unlike other similar tools
  • Sage 50 Premium Accounting is highly customizable and supports customizing service data and sorting items to suite your needs
  • The advanced accounting solution is suitable for companies with more than one location and company

Cons

  • Sage 50 Premium Accounting doesn’t offer option to assign or create role-based security options
  • Sage 50 Premium Accounting doesn’t offer automatic check signing feature like other similar tools
  • The advanced accounting solution doesn’t offer any option to track items by serial number

How it stacks up?

Access a head to head analysis of Sage 50cloud Accounting vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
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Sage 50c...
ITQlick rating
4.9/5
Score
83/100
Pricing
6.6/10
License pricing
$340 per user/year
Functionality
5
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Denali B...
ITQlick rating
4.1/5
Score
93/100
Pricing
2.6/10
License pricing
$1,999 per license
Functionality
16
Intuit G...
ITQlick rating
3.2/5
Score
92/100
Pricing
6/10
License pricing
$12.50 per user/month
Functionality
3
MoneyDesktop
ITQlick rating
4.7/5
Score
92/100
Pricing
5.2/10
License pricing
Pricing not available
Functionality
4
MultiCHAX
ITQlick rating
3.4/5
Score
92/100
Pricing
7/10
License pricing
$99 per license
Functionality
5

Frequently Asked Questions (FAQs)

Is it the best Accounting & Finance system?

Sage 50cloud Accounting is ranked 49 out of 419 software in their category (Accounting & Finance systems).

How they are rated on ITQlick?

The rating of Sage 50cloud Accounting is 4.9 stars out of 5 and the total score is 83 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Sage 50cloud Accounting makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

No, currently Sage 50cloud Accounting can't be accessed on mobile, you would need to access it from your computer.

Differences between Sage 50cloud Accounting and alternatives?

The most popular alternatives to Sage 50cloud Accounting in 2023: Denali Business, MoneyDesktop, MultiCHAX, Intuit GoPayment, Alight Planning Enterprise. Access the complete competitors analysis here - Sage 50cloud Accounting VS Accounting & Finance Software alternatives.

List of categories

Core Accounting
Accounting Practice Management

List of features

Data Import/Export
Basic Reports
Online Customer Support

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.