Guide to Sage 50 ERP
Overview:
Sage 50 is a Sage 50cloud Accounting software and a desktop software product with a cloud connection for small businesses that includes payroll. Considering the U.S., Sage 50 is an acquired accounting software product and was originally known as Peachtree Accounting. The Sage 50 label is applied to different Sage software accounting systems, according to the country. Initially, Sage 50 was meant for business accounting software for up to 50 users.
User Navigation
- Overview:
- Types of Businesses That Use Sage 50 ERP
- Cost of Sage 50 ERP
- How Does AP Automation Software Integration Work With Sage 50?
- Primary Features and Advantages of Sage 50 ERP
- How to Use & Implement Sage 50 ERP?
- Different ERP Systems that Are Comparable to Sage 50
- Conclusion!
- Frequently Asked Questions (FAQ):
Sage is one of the software products that includes Sage 50 ERP. Apart from Sage Intacct, the other Sage ERP products are Sage 100 ERP, Sage 300, and Sage X3. Here, ERP is enterprise resource planning.
Sage 50cloud comprises three cost-effective pricing plans, each introducing a different version of Sage with more features and users at every level. The highest-level Quantum Accounting SaaS plan is for up to 11+ users and offers industry-specific software functionality.
Sage 50cloud Accounting Software includes:
- Accounts payable, payments, and banking with bank feeds.
- Cash flow and invoicing with the Cash Flow Manager.
- Job costing for jobs and project management.
- General ledger.
- Optional upgrade for payroll services (Essentials and Full Service, depending on the number of employees).
- Advanced inventory management, including tracking and status.
- Budgeting.
- Financial reporting:
- Over 150 reports.
- General business or industry-specific for construction, manufacturing, and distributors.
- Insights and business intelligence for making business decisions.
- Reports drill down to transaction-level company data.
- An optional add-on for Microsoft 365 software, including Excel, Word, PowerPoint, Microsoft Teams, Outlook, and OneDrive.
Types of Businesses That Use Sage 50 ERP
Small businesses mainly use Sage 50cloud as their accounting and payroll software. While Sage 50cloud Pro Accounting and Premium SaaS plans are meant for general businesses with up to 5 users, the Quantum Accounting plan comprises industry-specific reports for manufacturing, construction, distribution, and other non-profit industries.
Cost of Sage 50 ERP
Sage 50cloud comprises Pro, Premium, and Quantum Accounting pricing plans that can easily be combined with payroll. Bear in mind that the cost depends on the number of employees for payroll, plan, and the number of Sage 50 users.
How Does AP Automation Software Integration Work With Sage 50?
The best part about the add-on AP automation software is that it can be accessed through the Sage 50 login. This is done using either flat-file or API integration. Here, the payables and global mass payments software streamlines accounts payable workflows and automates these business processes.
Primary Features and Advantages of Sage 50 ERP
Let us take a look at some of the main benefits of Sage 50 ERP:
- Comprehensive accounting software.
- Integrates with separate Sage HR ERP module.
- Includes customer support plan.
- Payroll.
- Integrates with Microsoft 365 with upgrade.
- Inventory tracking and stock status.
- Advanced job costing with Sage 50 Premium or Quantum plans.
- Advanced budgeting.
- Audit trail.
- Industry-specific in Quantum plan.
- Multi-company in Quantum plan.
Sage 50 is an easy-to-use accounting software that comprises support included within all pricing plans. Sage 50 is also a part of Sage Business Cloud.
Here, the lowest level Sage software plan is Pro Accounting. This is meant for only a single user and comprises a basic accounting program and bookkeeping features.
Also, the Sage 50 accounting solution allows the users to create invoicing for customers, and accounts receivable, create purchase orders from sales orders, record, record credit card payments to vendors, perform automatic bank reconciliation, and also perform simple job costing.
Sage 50 offers advanced inventory management with item tracking, advanced job costing, advanced budgeting, and role-based security. Internal control in your small business improves with audit trails, with the help of the Sage 50 Premium Accounting plan serving one to five users and the Quantum Accounting plan for one to 11+ users. Here the best practices have been built into industry-specific Sage 50 accounting software for manufacturing, distribution, and construction at the Premium and Quantum plan levels.
The Sage 50 Quantum plan for one to 11+ users allows the user’s business to manage more than a single company. Integrating the Sage 50 accounting software with optional payroll, human resources, Microsoft 365 software, and other third-party add-on apps, helps increase Sage 50 functionality.
How to Use & Implement Sage 50 ERP?
Sage 50 and Sage 50cloud Accounting software are simple enough to be implemented on your own. Here, the Sage partners with implementation consultants if the user requires tech support help. Sage 50 ERP support also offers online resources, including those located within Sage Support Central, Sage City Community, for searchable 24/7 Knowledgebase and Sage 50 training courses. Here, the training videos are also used as a Sage 50 tutorial and the Sage 50 support includes chat and online Q&A support.
Different ERP Systems that Are Comparable to Sage 50
Below are some of the ERP systems that are easily comparable to Sage50:
Sage Intacct
Sage Intacct ERP software is quite the latest as compared to Sage 50 software. Intacct is AICPA-endorsed, SMB software which is a true cloud ERP along with a good user interface. Sage Intacct masters revenue recognition and GAAP accounting standards. Sage Intacct also scales well for developing businesses and is considered one of the best accounting software for medium businesses.
QuickBooks Desktop
QuickBooks Desktop is one of the best on-premises QuickBooks accounting software solutions for various small and medium-sized businesses. This can be easily hosted for remote access on the cloud along with a SaaS upgrade for the per-user hosting fee. Sage 50cloud Accounting is also desktop software that can be connected online to the cloud.
QuickBooks Online
In both Sage 50 accounting ERP and QuickBooks Online small business accounting software users begin at the startup level. QuickBooks Online is basically cloud software, whereas Sage 50cloud is desktop Windows software along with a cloud connection.
SAP
Similar to Sage ERP, SAP Business One is an affordable ERP system that offers business management for SMBs (small businesses and medium businesses). It also has a CRM. Here, SAP ERP is a different top-end ERP system for larger enterprise management.
Microsoft Dynamics 365
Microsoft Dynamics 365 ERP and CRM is the current product in the Microsoft Dynamics product line. Microsoft Dynamics 365 is mainly a cloud ERP that integrates with various Microsoft software apps.
Conclusion!
This is all that we have at the moment on the Guide to Sage 50 ERP. Was this article helpful? Do let us know in the space below and we would love to hear from you.
Frequently Asked Questions (FAQ):
Is Sage Line 50 an ERP system?
Sage 50 is one of the software products that includes Sage ERP. Apart from this, the others are: Sage Intacct, and other Sage ERP products are Sage 100 ERP, Sage 300, and Sage X3. Also, ERP is enterprise resource planning.
How long does it take to learn Sage 50?
The course generally requires four hours of study per week for a period of six to eight weeks. At the start the user will have access to the software and portal for about six months, however, this can be extended for some additional cost.