Sage 50 Features All You Should Know About

Why Use Sage 50 Accounting Software?

Usually, small business owners choose to employ accounting software in their business that assists them with maintaining their financial records. The main purpose of computerized software is to automate many calculations and increase quality and accuracy. Sage 50 software is one of the popular choices among business owners who have enhanced businesses with significant growth and profits. The strong features incorporated in the software have resulted in the wide acceptance of the software across the globe.

What are the new features of Sage 50 2024 Edition?

• Sage HR integration with Sage 50 (available to cloud-connected payroll subscribers)
• Maintenance and security updates

Frequently Search by People: How to install and activate Sage 50 2025.

Sage HR integration for employee self-service

To continue improving our cloud-connected solutions, we have integrated Sage 50 with Sage HR to enhance your payroll experience. This upgrade is available to users with a Sage 50 cloud-connected subscription that includes payroll. Once you have downloaded Sage 50 version 2024.0, you can connect your business to Sage HR.

The Sage HR features include:

• Employee record synchronization: Sync your records with Sage HR to enable employees to self-serve and manage their information from anywhere.
• Easy to download pay slips: Save time from HR administrative jobs and empower your employees to access and download their pay slips.
• Mobile App: Facilitate your employees to use the mobile app for comfortable access from anywhere while on the go.

Maintenance and Security Updates

• Sage 50 2024 is no longer compatible with Windows 8.1, Windows Server 2012 Standard, and Windows Server 2012 R2.
• If you are still on a perpetual license, 2024 is the last upgrade. Going forward a subscription license will be the only option.
• Sage 50 2023 will become obsolete (unsupported) on 3/6/2024.

Powerful Features of Sage 50 Accounting Software

Simple, user-friendly features for managing your business’s important aspects–time and finances.

Cash flow and invoicing:
Sage 50 helps you how to manage and analyze your cash flow. You can easily see where your revenues and expenses are coming from and use projections to predict future cash flows. Cash Flow Manager provides a quick snapshot of your cash accounts, expected cash inflows, and expected cash outflows.

• Customize your views by date range or transaction type, such as invoices, quotes, and purchases.
• Save time by sending invoices to multiple customers at once and setting up recurring invoices.
• Receive faster payments with the online ‘Pay Now’ invoice feature for instant payments.

Payments and banking:
Streamline your purchase orders, invoices, payments, and account reconciliation using Sage 50’s accounts payable and banking features. Additionally, its full integration with inventory management allows you to eliminate manual entry.

• Seamlessly integrate feeds received from bank institutions with the Account Reconciliation module.
• Reconciled transactions are automatically cleared in account reconciliation.

Advanced inventory management:
Know what’s in stock and what’s on order. Sage 50 calculates and tracks costs and quantities daily based on the transaction date and item class. View available quantities and stay on top of purchase orders.

• Customize units of measurement and set up inventory with item assembly.
• Make and track sorted inventory items with multiple reports.
• You can use various costing methods such as FIFO, average, and specific unit costing.

Job and project costing:
Get better insight into all your jobs and projects to understand your spending. Track the duration of your jobs and projects, and estimate your earnings for each job.

• Smoothly set up job records, steps, and cost codes.
• Keep track of job costs including purchasing, inventory adjustments, payroll, and more.
• Keep track of the time it takes to complete each job and the resulting net revenue.
• Quickly determine if a task exceeds budget and control costs before the task is completed.

Reporting:
Sage 50 offers over 150 reports, including specialized options for construction, manufacturing, distribution, and additional sectors. Access the information you need to make informed business decisions.

• Easily generate one-click reports for payables, receivables, sales taxes, expenses, profits, inventory, payroll, and jobs.
• Customize new reports, search text, and learn more about transactions in detail.
• Apply filters for customized views.
• Utilize report groups to organize and generate reports efficiently in batches.

Sage Security Shield:
Sage has partnered up with Sontiq to provide Sage 50 customers with a top-tier security suite tailored for small and medium-sized enterprises. Sage Security Shield empowers businesses to manage their identity security, increase their financial security, and secure sensitive employee and company information.

Audit Trail Support:
The accounting software involves the audit trail it creates for each transaction. Every transaction entered creates a record of the entry. The recording of each transaction establishes an audit trail. The audit trail permits the business owner to review past transactions to see the activity that occurred in a particular account. The Audit Trail support feature helps business owners review customer transactions or prepare for income tax filing.

Simple and Easy to Use:
Another important feature is the user-friendliness of the software. Many business owners lack technical expertise. Software that is simple and easy to handle motivates business owners to use it. The entire process of entering transactions is easy like child’s play. The simplicity of the software encourages business owners to continue using the program and gain the full benefit of the software. Compare Sage 50 with QuickBooks Enterprise to know the real difference.

Credit Card Processing:
Sage products allow users to process credit card and debit charges directly through the product. An account is required and once confirmed you can process credit card and debit transactions directly through the SAGE accounting software.

Estimates and Invoices:
There is no one-size-fits-all invoice or estimate for every type of business. SAGE software has customizable forms that help you add your logo, select between service or product invoice types, and customize the columns and fields you want to appear on your invoice and estimates. Invoices and estimates can be customized with fields for special messages to customers such as disclaimers or expiration dates on estimates.

Customize your solution with Sage 50 add-ons

Get the most out of Sage 50 Accounting with integrated add-on business services.

• Payroll:
  Streamline payroll using direct deposit, pre-printed checks, and straightforward setup. Effortlessly track records like processed checks and tax collections. Handle advanced features like tracking tips, vacation/sick leave, and payments based on project time stamps.
• Microsoft 365:
  Effortlessly integrates Microsoft 365 with Sage 50 to provide everything you need to manage your business—access key Sage 50 information in Outlook and securely back up your data with OneDrive cloud backup.

Sage 50 Accounting Help Service

Customer Service
SAGE accounting software comes with prompt and responsive customer service support through email, online chat, and a toll-free telephone number. Small businesses can sign up for auto-renewal services so that their software is automatically updated and their licenses are renewed without any hiccups in the process. This makes the business run smoothly.

SAGE software is created for both personal and business accounting purposes. Small business owners must purchase different accounting program versions according to their requirements. They differ in cost and features as well. They also vary in the number of users that can use the software. The accounting tool you use for your business can affect the overall performance and financial accuracy.

Frequently Asked Questions