Business Tips

Elevate Your Business With Sage 50cloud Accounts

By Christy Bella | April 7, 2020

When you are running your business, it gets to a point where you are considering taking your business to the next level. When you are looking for ways to make business and accounting more streamlined, more efficient and simpler, look no further than Sage 50cloud accounts.

What is Sage 50cloud?

Sage 50cloud is a set of accounting and payroll products that have been developed for the small and medium businesses by Sage Group.

What are the main functions of Sage 50cloud Accounts?

The software links record sales, the bank account and receipts in real time – this helps you run your business smoothly and saves you the time of managing your cash flow, inventory and taxes and more. It is secure and also offers Microsoft Office 365 integration.
Invoicing functions – it allows you to create and share quotations and invoices; giving your businesses a professional look.
Stocktake functions – Sage 50cloud Accounts is able to take stock of your assets by sharing stock audits and valuations.
VAT management – it helps make VAT management quick and easy. It helps you calculate VAT, reconcile what you are meant to pay and files are returned automatically via a secure HMRC.
Time-saving – Sage 50cloud Accounts has 3 accounts that allow you to work on the go, 50cloud Essentials, 50cloud Standard and 50cloud Professional, at an extra cost. When you use Surface Sage 50cloud Accounts data in Outlook, you get advanced financial reports in Excel. All versions of Sage 50cloud Accounts allow you to work on the go. When you use Surface Sage 50cloud Accounts data in Outlook, you get advanced financial reports in Excel.
Make payments with Sage Pay – the system makes receiving payment easier; whether payment is done in person or on phone. Irrespective of the payment method, it makes it easy to track payments made across different mediums. This makes tracking all funds easier.

There are 3 software accounts available are;

Sage 50cloud Essentials
Sage 50cloud Standard
Sage 50cloud Professional

These are the features of each account;

1.Sage 50cloud Essentials

Sage 50cloud Essentials is a simple accounting solution. No free trial is available.

It costs £25 per month + VAT* (VAT might vary)
Gives single user access
It is ideal for 1 company
Offers a monthly payment plan or one can or pre-pay annually

Other Features include;

It helps users manage their income, cash flow, payments and expenses
It connects to your bank account
You can create professional invoices and quotes
Let’s you manage VAT and submit online returns to HMRC
It offers insightful reports
Offers secure cloud access and backup (specifically compatible with O365, Dropbox and Google Drive)
You can integrate it with Office 365 (at an additional cost though)
Helps with basic stock management

You also get the following support;

Receive regular product updates
Online support via webchat and email

2.Sage 50cloud Standard

Sage 50cloud Standard is an accounting solution with added cash flow management and invoicing features. A 30-day trial is available.

It costs £65 per month + VAT* (VAT might vary)
Gives single user access
Can be used by at most 2 companies
Offers a monthly payment plan or one can or pre-pay annually

Other Features include;

It helps users manage their income, cash flow, payments and expenses
It connects to your bank account
You can create professional invoices and quotes
Let’s you manage VAT and submit online returns to HMRC
It offers detailed and insightful reports
Offers secure cloud access and backup (specifically compatible with O365, Dropbox and Google Drive)
You can integrate it with Office 365
Helps in stock management

Additional features include;

You can trade and manage stock with this account
You can manage many departments and budgets too

You also get the following support;

Receive regular product updates
Online support via webchat and email
You get at least 3 sessions of remote support
Top-notch telephone support service

3.Sage 50cloud Professional

Sage 50cloud Professional is an accounting solution that gives you in-depth stock management features and analytical reports. For this account, a 30-day trial is available.

It costs £132 per month + VAT* (VAT might vary)
Gives single user access
Ideal for use by at least 10 companies
Offers a monthly payment plan or one can or pre-pay annually

Other Features include;

It helps users manage their income, cash flow, payments and expenses
It connects to your bank account
You can create professional invoices and quotes
Let’s you manage VAT and submit online returns to HMRC
It offers detailed and insightful reports
Offers secure cloud access and backup (specifically compatible with O365, Dropbox and Google Drive)
You can integrate it with Office 365
Helps in stock management
This account helps track project income, expenses, and profit
You can create purchase and sales order
Trade-in multiple currencies

You also get the following support;

Receive regular product updates
Online support via webchat and email
Top-notch telephone support
Unlimited remote support

How Sage 50cloud Accounts works

Choose the ideal account that works for you
Visit the Sage store and make a purchase
Once done, download the software to your PC
Register online and you’re good to go!

What factors do you need to consider before choosing which Sage 50cloud account to choose?

The first step is assessing your business and know what you need in accounting software.

Also, consider the following;

The functions of your business. Most accounting software offers basic functions such as customer and supplier entries, creating customer invoices and VAT reports. However, if you are looking beyond the basics, then Sage 50cloud is for you.
Your work experience – as with any accounting software, having some knowledge of accounting helps. Having basic training and experience with previous accounting software will help the transition easier
Take advantage of the trial offer – its always a good idea to try something out before you make a purchase. Sage 50cloud Standard and Professional have a 30-day free trial period for you to get acquainted with the software.

Conclusion

Sage group has been in the market for about 30 years, focusing its business on creating accounting and financial software and coming up with solutions for small businesses. They understand what it takes to run a business and have done in-depth research to ensure each feature offers solutions and value to each user.

Whatever your account; whether you choose Sage 50cloud Basic, Standard, or Professional, you are sure to choose one of the best accounting software’s in the market to date.