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Sage 50cloud Accounting solution

Sage 50cloud is a package of accounting and payroll softwares developed by Sage Group targeted at small and medium businesses. Sage provides different packages under the Sage 50 umbrella in different regions.
The package name "Sage 50cloud" indicates that it was targeted at businesses with up to 50 employees.

Sage 50cloud is stable accounting system that has survived the test of time. The last stable version was released 2021.

Sage 5cloud has the following features

Sage 50cloud profit and loss screenshot

Sage 50cloud screenshot


Features


Cash flow and invoicing

The Cash Flow Manager invoicing system gives the business an instant snapshot of its cash flow. It displays the balances of the cash accounts, expected cash/income to come in,  expected cash to go out. It gives a clear picture of the business finances.

The cash flow settings can be customised to get a more granular view of finances. Businesses can change the time frame to be viewed by a particular period, or filter by type of transactions like invoices, quotes, and purchases.

 They can also add adjustment lines and amounts so they can forecast possible future income and expenses. Other features include:

  • 'Broadcast' invoices to many customers.
  • Create custom recurring/subscription invoices.
  • Get paid faster with online integrated 'Pay now' system.

Payments & Banking

This feature includes purchase orders, invoices, payments, bank feeds and account reconciliation. It's also fully integrated with the inventory management system. 

Businesses can manage payments and connect to their bank feeds for full visibility of their accounts and finances. This eliminates manual data entry and simplify payment acceptances with automatic reconciliation. Screen reader support is also enabled enabled.

Advanced inventory management

With the inventory management feature, businesses can manage and track their stock at any time.

Tracking inventory in Sage 50 is basically a three-step process: enter item information for sales account, inventory account, and cost of sales account.

Sage 50 then computes and tracks costs and quantities by item code daily, and adjusts inventory automatically each time you post a purchase or sale.

Tracking inventory in Sage 50 is basically a three-step process: enter item information for sales account, inventory account, and cost of sales account.

Sage 50 then computes and tracks costs and quantities by item code daily, and adjusts inventory automatically each time you post a purchase or sale.

Job costing

This provides greater insight into all jobs and projects so that businesses can know what they are spending and where.
They can view how long their jobs and projects are taking to complete and estimate how much money they are making on each job.

Businesses can easily set up job records, phases, and cost codes. Track job costs through purchasing, inventory adjustment, payroll, and more. Print reports throughout a job's duration to find out the total amount spent and net revenues due for each job.

Sage 5cloud also supports payroll, full fledged reporting system and security shield.

So if you own a business with up to 50 employees, Sage 50cloud will serve you well.


links
https://www.sage.com/en-us/products/sage-50-cloud
https://www.sage.com/ca/sage-50-accounting
https://www.sage.com/en-gb/products/sage-50-cloud

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