Sage accounts what is it

Sage has been around for what feels like forever. The company was launched and remains in the North East of England despite becoming a global brand as it has continually grown since It is the biggest accountancy software package in the UK and the third largest worldwide and has evolved to cater for over six million users. Starting out at the dawn of computing they have not only witnessed the world go digital, they have had to adapt too, and they continue to do so.

Medium-size businesses that need features beyond accounting software, such as security, compliance, business planning, distribution and more. Medium-size businesses that need to manage more than one location or multiple companies.

Finance and operational management software designed for medium-size businesses. Advanced supply chain and sales management. Advanced financial management software for larger businesses. Nerdy tip: Try not to get confused by the Sage naming conventions. Double-entry accounting. Affordable monthly costs. Free trial. Outdated user interface. Deciding factors. How does Sage Accounting work? Sage Accounting Start. Create, send and track invoices. Add customers and suppliers.

Sage Accounting. Modify sales tax rates. Track and manage inventory. Forecast cash flow. Enable foreign currency invoicing. Create purchase orders. Benefits of Sage Accounting. Comprehensive reporting. Inventory tracking. Unlimited users with Sage Accounting plan. Drawbacks of Sage Accounting. No time tracking. Sage understand what their customers need, the industries they work in and advancements in a quickly changing technology.

This allows them to improve their package to retain their current users whilst attracting new ones. By having a completely computerised method of storing all of your financial information, you rule out the risk of human error, such as jotting down the wrong figures or misplacing information. You can access your account and see all the transactions and your cash flow to date as the system is updated in real time.

This is handy if you need to check you can afford unforeseen costs or to confirm which transactions have been processed. When businesses grow and develop, accountancy becomes much more complex. As your business develops and grows you can upgrade your Sage software or add different modules from the Sage 50 range to provide a complete and flexible business management solution. What is Sage Accounting Software? Sage has now rebranded Sage 50 accounts as Sage 50cloud to reposition itself as a major online and cloud provider of accounting software.

However many companies still want to install the software on their own servers and desktops as they prefer to have control over all aspects of their IT. There are two different deployment methods for Sage 50, many businesses are now choosing to use the Cloud version which is hosted by Sage using their secure datacentre, and the other popular deployment method is to use the on-premise version which allows you to install the software on your own servers and networks.

Sage 50cloud is basically the same as Sage 50 Accounts, Sage rebranded Sage 50 to focus more on the fast growing Cloud accounting software market, they initially named the software Sage 50c but later changed the name to Sage 50cloud. Because Sage 50cloud covers all the latest product releases it has many new features and product enhancements over older versions of Sage 50 Accounts.

There are two versions available for Sage 50, Standard and Professional previously there were three, Essentials, Standard and Professional. Sage market the Standard version as a simple desktop accounting solution with invoice and cash flow management, whilst Sage 50 Professional is the top of range accounts solution with in-depth stock, multi-currency and advanced reporting. Both Standard and Professional have all the features you would expect in an advanced accounts software solution however Professional allows you to create sales and purchase orders, trade in multiple currencies and track project income, expenses and profit, read more about Sage 50 Professional features.