Any small business has its own unique needs and challenges.
But all of them will need a reliable and accurate accounting system. Since most entrepreneurs are focused on their business, keeping up with the books can be tricky. When a company is very small, executives often wear many hats. So a helpful software program like Sage 50 can be a big help. You don't have to be a CPA to understand the ins and outs of this program. Of course, we recommend some expert oversight whenever your bottom line is at stake. But for dealing with daily expenses and revenue, this is a powerful yet simple option.
A Little About Sage 50
If you've been following Sage's software progression, you might remember Peachtree. That was the previous name of the program that became Sage 50. While the initial offering provided an array of innovative tools, many say updates have made it much better.
As a general overview, Sage 50 will allow you to track pretty much any business related costs. Easily keep an eye on employee payroll, security expenses and many other aspects of your company. Plus, you'll automatically get updates that will ensure you don't miss important details.
Background About Brand
These days, tech startup companies are a dime a dozen. Back in the early '80s, however, they were less common and often even more daring. Sage was one of those pioneering brands. Its founder, David Goldman, started the company nearly 40 years ago with a simple goal. He wanted to make accounting easier for his own company -- and others like his.
He went to work developing software with industry experts at Newcastle University. After learning a lot through that experience, he officially started Sage in 1981. The company moved into North America about 20 years ago. That expansion came with the acquisition of Peachtree, an existing accounting software. Nowadays, about 13,000 people work for Sage. The company provides services to millions of business leaders in 23 countries around the world.
Who is Sage 50 Great For?
This software is designed with almost any small business in mind. Of course, even some companies that experience big growth say they continue to use Sage 50. The reason it remains popular seems to lie in the number of features. While it doesn't provide everything, it will give you a big chunk of vital data.
A few of the tools that really help overworked small business owners include automatic data checks. That means if there's a mistake or evidence of fraud, you'll get an alert. And you'll also get plenty of solutions for your daily record keeping. Fans of the software say they were able to become more productive in other areas by relying on these tools.
What Are the Best Uses For Sage 50?
In a perfect world, maybe you'd have a team of accountants double checking your records. But in reality, if you find yourself in need of some quick and easy help, Sage 50 might do the trick. It will free up time best used for growing your business or recruiting talent.
We all know accounting is a crucial component of any small business. But with just 24 hours in a day, you probably know you need to expertly manage your time. There are tons of options if you've decided to research accounting software programs. We think Sage 50 stands out for its ease of use and sensible stable of accounting tools.
Amazing Features & Benefits of Sage 50
All accounting software programs are not created equal. Some make more sense for bigger companies hoping to streamline the process. But simpler applications like Sage 50 provide a better starting place.
We've already discussed a few of the major features. But we'll tackle some specifics below. If you're interested in supplementing your accounting department, keep reading. We hope our guide will help you decide whether this is the right program for your office.
1. Cloud Capabilities
With more small business functions taking place in the ether than ever before, this is a handy feature. A new version of Sage 50 allows for cloud storage. That will probably prove helpful in a few ways.
First of all, you'll be able to retrieve data from any device. No need to be tied to your desk anymore -- even for accounting services. Beyond that, you won't risk compromising or losing your information with more reliable storage options. Digital accounting services are designed to lighten the workload and increase productivity. By not having to worry about the security of your information, we think this feature accomplishes both goals.
2. Ease of Use
When you've got a shoestring staff, everybody has to wear a few different hats. And whether you're in that position or not, you probably appreciate tools making your life easier. That's exactly one of the biggest selling points Sage 50 has going for it.
First of all, if you have any familiarity with Peachtree or other older versions, it'll be a breeze. There is a very slight learning curve with the newer versions of this software. But even if you've never heard of Sage before this review, you should be in good shape. Anyone with an accounting background and a bit of tech savvy can master this program. Tutorials will give you step by step tips for anything that doesn't immediately make sense. And once it becomes old hat, your business will probably notice a spike in productivity.
3. Functions That Make Sense
Once you get past the minimal setup process, you'll start to find out its capabilities. And we thing Sage 50 shines in the features it includes. First of all, it does not go overboard offering things the average business will never need.
But more importantly, it provides the tools that make it easier to track expenses. Track workflow product easily with a setup that is simple to read. You might find the user experience is exactly how you would have designed it. Dig deeper and discover that the data is probably exactly what you need. It's great if you need to track accounts receivable, inventory, payroll, services, payable, or everything. On top of that, innovative tools give you a warning if anything in your books seems off.
4. Customize To Your Specifications
By now you know Sage 50 offers an extensive range of information. But that's of no real value unless you can organize it to your tastes. And this software makes it pretty easy to do just that.
In fact, one of the things its fans continue to praise is their ability to customize the data. Depending on what you're looking to track, you can create a report just for you. And once you get started, it's easy to stay on track. So if you know what you want but not how to get there, this software aims to help.
What Small Business Owners Have to Say About Sage 50
You'll find plenty of entrepreneurs and accountants who swear by this product. After decades of incremental advancements, the latest version is incredibly user friendly.
Of course, no program is perfect for everybody. That's why there are several other competitors trying to appeal to the same group. We've looked through tons of reviews by people like you who have actually used the product. While there's a lot to recommend Sage 50, not everybody loves it. Here's what they had to say.
If you're not quite sold on this software, we recommend shopping around a bit more. For your convenience, we've also selected some of Sage 50's top rivals. If you're in the market for accounting software, we're confident you can find it here.
Alternative Accounting Software Programs to Consider
There are more tech options than ever before. But a few names continue to rise to the top of the heap. Here are a few of our favorites.
Need something more robust? Check out QuickBooks Enterprise. There's a reason this Intuit line of software has been among the most popular. All versions provide easy interface and a long list of features. But this one is great for growing companies with more expenses and employees. There's a wide variety of payroll tracking tools. Get help with taxes, offer employees direct deposit, and take care of any number of other issues. QuickBooks is one of Sage 50's chief competitors. And this version of the software proves why it is an industry leader.
Express Accounts might not be a name you recognize immediately. But this NCH software has earned some strong reviews and recommendations. It's a downloadable product that provides an easy interface and key features. This software will help you keep track of your expenses throughout the year. We feel it is particularly helpful for small business owners trying to do it all. Like Sage 50, it provides helpful reports. And you can send or fax them to your accountant directly around tax time to limit your hassle even further.
This Quicken product offers some of its own innovative features. A lot of what it provides has been automated. That means it is particularly easy to follow. Though you might need to get familiar with the interface, the information is pretty thorough. It's not as robust as some of its competitors, but offers a lot for the money. And if you really only need a little help organizing everything, it's a great option. Plus, it's also handy for keeping personal expenses straight.
Sage 50 has given countless businesses a leg up in bookkeeping.
And if you could use a helping hand in your accounting department, it might benefit you too. But there are other options available, and we hope you find the right one for your needs.
If you found our reviews helpful, consider sharing them with the business people in your life. And leave us a comment below if you have any final thoughts or questions.
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