Sage 50 is an accounting software program that is primarily used as a Cloud-based accounting program with its latest version. The program was once known as Peachtree and is geared primarily toward small to medium sized businesses. There are three main versions of the software program offered.
The basic version of Sage 50 is called Sage 50 Pro. The program provides a license for just one user and offers access to essential accounting functions. With this version of the program, users can manage their accounts payable by writing checks, paying pills and processing purchase orders. The program also provides accounts receivable functionality with quotes, invoicing, payment processing and sales orders. Cash management functions like bank account reconciliation and reporting functions are also included.
The mid-range version of Sage 50 is called Sage 50 Premium. This program provides access for one to five users and has all of the features found in Sage 50 Pro. In addition, Sage 50 Premium provides access to advanced accounting features. Many tasks can be automated with this version of the program. The program also provides audit trail assistance, budgeting modules and change order processing. A customer management center and inventory and services management center are also provided in the mid-range version of Sage 50.
The highest priced, full version of Sage 50 is Sage 50 Quantum, which provides licenses for three to 40 users. This program gives users access to everything in Sage 50 Premium as well as in-depth accounting features like workflow management and industry-specific modules and management centers.
Sage 50 is a computer software program that helps small to medium sized businesses complete their accounting functions efficiently. The program is offered only for Windows computers. It offers a number of benefits for companies, but also has some drawbacks that prospective buyers should be aware of.
There are many areas in which Sage 50 excels as a small business accounting program. The program has a high storage capacity, so it can meet the needs of fairly large SMBs. For companies that are considering mergers or acquisitions, the program allows for very easy integration of companies' data. There are a number of reporting features offered by the even the basic version of the program that are not found in other accounting software programs. In addition, the inventory tracking functionality is highly advance, and administrators have a lot of flexibility regarding how much access to provide to various aspects of the program to specific team members.
One of the biggest complaints about Sage 50 is that the program is very difficult to install. The process is time consuming, can be confusing and often is rife with errors. The interface is not as modern or intuitive as some other accounting software programs, which can make it harder for someone who is completely new to accounting software to learn. To gain access to any industry specific features, businesses must purchase the version for 3 to 40 users, which is expensive compared to some competitors. Also some businesses may need more advanced online bill payment integration than what is provided by the program.