Last updated: March 7th, 2024
Sage 50 Cloud: An Overview of Features and Benefits
Sage 50 Cloud Accounting is an improved version of Sage 50, offering a plethora of exciting tools and features. With its user-friendly interface, Sage 50 Cloud has helped both entrepreneurs and small businesses accomplish their accounting activities more efficiently. In this blog post, we will take you on a tour of the useful functionalities added in this quality addition to the Sage family. After reading this post, you will have a fair idea of what it brings to the table and what you are missing out on by not upgrading to Sage 50 Cloud Accounting.
Who is Sage 50 Cloud Accounting for?
Sage 50 Cloud Accounting is a great choice for both small and growing businesses. Though not suited for very small businesses or sole proprietors, Sage 50 Cloud Accounting offers three plans:
- Pro: A single-user system with limited features, ideal for small businesses just starting out.
- Premium: Supports up to five users, offering more advanced features for growing businesses.
- Quantum: Supports up to 40 users and has a long list of features, making it the best option for established businesses with complex accounting needs.
Sage 50 Cloud Accounting allows you to have a hybrid on-premise application, which gives you the stability of an on-premise application while still having access to key functions such as customer data and order history at any time. It's also easy to upload receipts and other images directly into Sage 50 Cloud Accounting, so it's a natural fit for anyone selling products. Plus, the inventory function makes Sage 50 Cloud Accounting a perfect fit for businesses that sell products, as it integrates with point-of-sale applications like Avalara's AvaTax and AccuPOS to ensure accurate sales tax is being applied.
Sage 50 Cloud Accounting's Features
Sage 50 Cloud Accounting has plenty of features, including one of the most user-friendly interfaces, that can be somewhat overwhelming at first glance. Take a deep breath and jump right in. Use the drop-down menu or the left-hand navigation bar to access its features.
Sage 50 Cloud Accounting Pro offers the following features:
- Customer management
- Sales tracking
- Invoicing and payment acceptance
- Integration with Microsoft Office 365
- Solid reporting
- Automated bank feeds and bank reconciliation
- Purchase orders
- Phone support
Sage 50 Cloud Accounting Premium is your best bet if you need an application that supports multiple users. It's affordable and offers a variety of features, including budgeting and inventory management. You can also try out Sage 50 Cloud Accounting Quantum, which supports up to 40 system users, has business insight dashboards, role-based security, project management features, and industry-specific functionality.
Exciting Features of Sage 50 Cloud
Remote Working Made Fun and Easier
With exciting remote working features, Sage 50 Cloud has made remote working much easier than ever before. It has been extremely popular among the self-employed, remote workers, and businesses with a large number of staff working offshore or beyond the office environments. This feature enables the business to share data securely through the cloud. It will give the business and the workers the freedom and power to work from anywhere. The workers can access business information and data from Sage 50 Cloud through the feature of Office 365 integration.
Safe and Secure
Physical security of data is one big plus in Sage 50 Cloud Accounting. Imagine any unfortunate incident such as fire or theft occurring in your office building that involves huge loss or damage of your crucial company data. Sage 50 Cloud offers the feature of scheduled backup and easy syncing with Microsoft Office 365. You can set auto-upload of your backups to Microsoft OneDrive. This will enable your data to be saved securely over the cloud. You can retrieve the data as and when you wish. This will give absolute peace of mind to the business owners of medium and small-scale businesses and for any business, for that matter.
Avail the Power of Sage Drive
The Sage Drive is a more than handy feature incorporated in Sage 50 Cloud Accounting. This is basically an engine that fuels the hybrid-cloud capabilities in Sage 50 Cloud. All you need to do is assign one of your staff the admin rights to push all your data in the Sage 50 Cloud. Then they will authorize the users within or outside your organization (accountants or other important stakeholders) to access the data in the cloud. Moreover, if the authorized users make any changes to the data, the same are synced back automatically. This ensures that all the users, wherever they are, are accessing the most updated version of a particular record, report, or document.
Advance Scheduling for Backup
Most of us ignore or inadvertently forget to take backups of our crucial data on a regular basis. Sage 50 Cloud facilitates advanced scheduling of data backup. Moreover, with Microsoft OneDrive around, you do not require any external storage for your backup. You can store all your data safely and securely in the cloud. Also, they would be "out of reach" from spyware and malware, which are so common to non-cloud environments.
Benefits of Using Sage 50 Cloud Accounting
You don't want to invest your time and money into setting up an application only to find that you're outgrowing it in six months. Fortunately, that won't happen with Sage 50 Cloud Accounting. You have three plans to choose from, so you can start small or jump up a plan if you find the need for more features.
One of the other benefits that comes with Sage 50 Cloud Accounting is the variety of product features, including integration with Microsoft Office 365. With complete inventory management, advanced budgeting, job costing capability, good integration with third-party applications, and dozens more integrated services, you'll easily see why Sage 50 Cloud Accounting is one of the best options for small to medium-sized businesses.
Additional benefits of using Sage 50 Cloud Accounting include:
- Improved collaboration and remote access for team members
- Enhanced data security with secure cloud storage and backup
- Streamlined workflows and increased productivity
- Real-time financial insights and reporting
- Scalability to accommodate business growth
- Reduced IT costs and maintenance
Use Cases and Success Stories
Many businesses across various industries have successfully implemented Sage 50 Cloud Accounting to streamline their financial processes and drive growth. Here are a few examples:
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Retail: A small retail business with multiple locations used Sage 50 Cloud Accounting to centralize their financial data, manage inventory, and generate real-time reports. This helped them make informed decisions, reduce stockouts, and improve their bottom line.
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Professional Services: A growing consulting firm with a remote workforce adopted Sage 50 Cloud Accounting to enable seamless collaboration and access to financial data from anywhere. They also integrated the software with their time tracking and invoicing systems, saving hours of manual work each week.
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Manufacturing: A mid-sized manufacturing company used Sage 50 Cloud Accounting to manage their complex inventory, track production costs, and generate job costing reports. The software's advanced features and scalability allowed them to streamline their processes and focus on growth.
These are just a few examples of how businesses have leveraged Sage 50 Cloud Accounting to improve their financial management and drive success. With its robust features, scalability, and cloud-based access, Sage 50 Cloud Accounting is a powerful tool for businesses looking to optimize their accounting processes and make data-driven decisions.
Frequently Asked Questions (FAQs)
1. I am currently using Sage 50. Will it be tough for me to move to Sage 50 Cloud Accounting?
If you are already familiar with Sage 50, making the move to Sage 50 Cloud will just be a cakewalk for you. Sage 50 Cloud is as intuitive and user-friendly as Sage 50. You will feel at home immediately.
2. What is the Expense Capture Feature in Sage 50 Cloud?
Expense Capture is one important feature in Sage 50 Cloud. Very often, we tend to lose/misplace expense receipts, and once they are lost, they can't be claimed later. With this feature in Sage 50 Cloud, we can just take a snap of a receipt with our smartphone, include a brief note regarding the said expense, and migrate this into Sage 50 Cloud through Microsoft Office 365, already integrated with the program.
3. Can I integrate other apps with Sage 50 Cloud?
Yes. Sage 50 Cloud facilitates integrating other apps with ease. Thus, you can increase your efficiency and work smarter.
4. Sage 50 Cloud Accounting is a hybrid. What does that mean?
Sage 50 Cloud Accounting is a cloud-based accounting software that provides desktop installation and remote access. The software offers near-real-time updates so that you can use the program on your laptop or on any device with an internet connection. It's also compatible with Microsoft Office 365 Business Premium, giving you the ability to work from anywhere, anytime.
5. Is payroll available in Sage 50 Cloud Accounting?
Sage 50 Cloud Accounting offers a self-service Payroll add-on that businesses can use when they want to handle their payroll internally. It includes automatic tax table updates to ensure your employee withholding calculations are always up to date.
Conclusion
Sage 50 Cloud Accounting is a powerful, feature-rich, and user-friendly accounting software that caters to the needs of small and medium-sized businesses. With its hybrid approach, businesses can enjoy the stability of an on-premise application while leveraging the benefits of cloud-based access and collaboration.
The software's advanced features, such as remote working capabilities, enhanced security, Sage Drive, and advanced backup scheduling, make it an attractive choice for businesses looking to streamline their accounting processes and drive growth.
By choosing Sage 50 Cloud Accounting, businesses can benefit from improved collaboration, enhanced data security, streamlined workflows, real-time financial insights, scalability, and reduced IT costs. With a variety of plans to choose from, Sage 50 Cloud Accounting is a flexible solution that can grow with your business.
If you're considering upgrading your accounting software, Sage 50 Cloud Accounting is definitely worth exploring. Its robust features, user-friendly interface, and cloud-based access make it a top choice for businesses across various industries.
Few Good Reads:
- How to Fix When Sage 50 Failed To Connect To Excel?
- What to Do Sage 50 Turn Off Automatic Updates?
- How to Fix Sage 50 Activating Problems?
- How to Fix Sage 50 Server Busy Error?
- How to Fix Sage 50 Stopped Working Error Message?
