Sage 50 Accounting Review - why 4.1 stars?

Sage 50 Accounting Review
ITQlick Score: 80/100
ITQlick Rating:
Pricing: 4/10 - average cost
Category: Accounting & Finance -> Sage 50 Accounting review
Ranking:Ranked 92 out of 419 Accounting & Finance systems
Company: Sage
Pricing: starts at $42.75 per month
Typical customers: SMBs
Platforms: Desktop
Links: Sage 50 Accounting pricing, Sage 50 Accounting alternatives
Shlomi LaviShlomi Lavi / updated: Oct 01, 2022

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What is Sage 50 Accounting?

Sage 50 Accounting is a business management solution created by the Sage Group. It used to be called Peachtree Accounting and Simply Accounting, but on the 2013 release, it was named Sage 50. The software is designed for small businesses, and includes modules for basic accounting requirements such as credit card processing, payroll processing, automatic backup, inventory management and reporting. It is scalable and compatible with other software. It is deployed on-premises; data is stored and locally available on your desktop.

Sage Group has been developing software products since 1981, and since then, it has become one of the top three ERP suppliers in the world, competing with SAP and Oracle. It leads the race in being the top small business ERP supplier. It has stations in 24 different countries and serves more than 6 million customers.

Who is it best for?

Sage 50 Accounting is best for small businesses looking for easy to use accounting programs that could track finances in the most accurate manner, crucial to efficiently run the business. It offers all the tools your CPA would require, but it is also simple for non-accountants to use. Moreover, in its Canada version, it is available in five options to suit a wide range of business’ needs. Current users for Canada version are A&B Tool Rentals, Kootenay Manufacturing Company, and Heritage Family Services. On its US edition, Sage 50 offers industry-specific editions particularly in the construction, distribution, and manufacturing industries.

Main features and functionalities

Sage 50 Accounting is packed with all the modules you have been looking for to run every aspect of business. It does billing, accounting, customer management, vendor management, inventory and banking management, and payroll processing. It is capable of generating over 140 reports and can filter or track data fields. It can produce professional invoices and checks, and can even handle direct deposit. The inventory manager can cover broad range of data such as location, preferred vendor, assemblies and substitutions. The payroll module can manage complete employee data such as commissions, vacation leaves, overtime, and even emergency contacts.

Sage 50 is an outstanding choice for small businesses to have a comprehensive yet insightful system that is more than a basic accounting solution. It supports add-ons if you need them, like POS software, credit card processing, etc. It is scalable that it is able to handle up to 499 workers and unlimited database for inventory.

What is the actual cost?

The cost of license starts at $42.75 per month. ITQlick pricing score is 4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Sage 50 Accounting. You can also find here pricing information from Sage 50 Accounting's website.

Pros

  • Sage 50 is loaded with basic accounting tools, even reports that CPA requires
  • It is a comprehensive solution that can be used even by non-accountants
  • Sage 50 is compatible even with third party solutions and numerous add-ons
  • The software comes with over 140 configured reports and customizable options
  • Sage 50 is deployed in a screen-level security that offers integrity of all information, just what you need for an accounting tool

Cons

  • Sage 50 add-ons and other services are available as added subscription or paid tool
  • It only supports Windows operating systems, particularly Windows Vista SP1, XP SP3, 7/8 Premium and higher
  • Support is accessed as an additional paid plan via Business Care, though FAQs and phone support is available
  • Sage 50 Accounting has no mobile integration

How it stacks up?

Access a head to head analysis of Sage 50 Accounting vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
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Sage 50 ...
ITQlick rating
4.1/5
Score
80/100
Pricing
4/10
License pricing
$42.75 per month
Functionality
17
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Denali B...
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4.1/5
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93/100
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2.6/10
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$1,999 per license
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16
MultiCHAX
ITQlick rating
3.4/5
Score
92/100
Pricing
7/10
License pricing
$99 per license
Functionality
5
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

Frequently Asked Questions (FAQs)

Is it the best Accounting & Finance system?

Sage 50 Accounting is ranked 92 out of 419 software in their category (Accounting & Finance systems).

How they are rated on ITQlick?

The rating of Sage 50 Accounting is 4.1 stars out of 5 and the total score is 80 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 50 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 50 Accounting can't be accessed on mobile, you would need to access it from your computer.

What should we ask during a demo session?

Differences between Sage 50 Accounting and alternatives?

The most popular alternatives to Sage 50 Accounting in 2024: Denali Business, MoneyDesktop, MultiCHAX, Intuit GoPayment, Alight Planning Enterprise. Access the complete competitors analysis here - Sage 50 Accounting VS Accounting & Finance Software alternatives.

List of categories

Accounting & Finance
Fixed Asset Management
Recurring Billing
Billing & Invoicing
Core Accounting
Fund Accounting
Payroll Accounting
Tax Preparation
Expense Tracking
PO: Purchase orders

List of features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Fixed-Assets
Fund-Accounting
Tax compliance

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.