Sage 50 Accounting Review - why 4.1 stars?

Shlomi 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.

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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.

Frequently Asked Questions (FAQs)