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Top 10 Alternatives to Sage 50cloud: Popular Accounting Software for Small Business

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Online accounting programs are essential in any business. These are what’s responsible for keeping the books in check, making sure your revenue is stable, and tracking the financial health of your company. On top of that, it allows you to tackle all of your accounting tasks without the need to install programs on your computers. If you find yourself looking for a great online accounting software, then, Sage 50cloud is one of the most popular solutions you should consider investing in.

Known for its user-friendly accounting features and easy-to-navigate interface, this hybrid platform is great for different types of businesses. However, it may still have some shortcomings that might stop you from investing in it. To help you, we have compiled the top 10 alternatives to Sage 50cloud. Using this as your guide, you should be able to find similar software solutions that are more suited to your requirements.

Accounting in the modern business landscape can be quite fast-paced and complicated, making it especially difficult for small companies to keep up. In order to simplify the process, many small business owners implement online accounting software like Sage 50cloud. These solutions provide tools for bookkeeping, financial management, cash flow tracking, and similar features to help accountants and business owners accelerate their accounting tasks without compromising accuracy.

Other than speeding up the accounting process, there are many other benefits to be had when you invest in this kind of platform. In the Viewpost’s SMB Emerging Trends in Accounting Report of 2017, finance professionals said that accounting platforms can improve real-time reporting (65%), improve operational efficiency (50%), reduce costly manual errors (44%), and improve cash flow management decisions (31%).

Despite these factors, however, there are still plenty of small to medium-sized businesses who do not use accounting software and integrated financial management products. Oftentimes, this is due to the learning curve associated with using a new software and the cost of purchasing a platform. Don’t make the same mistake. There are many accounting software providers out there that offer affordable products designed for effortless implementation.

As mentioned previously, Sage 50cloud is one of the best options out there because of its extensive set of features, easy-to-use interface, and flexible pricing plans. Should you think that it does not meet the requirements of your operations, read on to find out more about the top 10 alternatives to Sage 50cloud.

But of course, before deciding to purchase an online accounting tool, you should know that there is no one-size-fits-all solution when it comes to software. You need to gauge what types of features you need to carry out your operations and make sure that the platform you choose will be able to cater to the unique needs of your small business.

In the Software Connect’s 2018 Accounting Software Buyer Trends Report, results showed that companies are looking to buy accounting software to increase the functionality of their accounting processes (43%), improve the usability of their system (17%), consolidate multiple systems (10%), reduce operational costs (7%), and improve reporting (5%).

Source: www.softwareconnect.com

Additionally, you should familiarize yourself with the essential features of this type of software. For one, accountants usually look for mobile capabilities in their online accounting software (20%). They also prefer solutions with multi-currency support (13%), fixed asset management (12%), and inventory tracking (11%). In addition, tools such as payroll preparation, tax management, and invoicing options may be necessary if you want a more streamlined accounting process. To help you get a better idea of the other features you should look for,  just use our article on the uses and benefits of accounting software as a guide when browsing for a platform for your company.

What is Sage 50cloud?

Sage 50cloud is an online accounting solution trusted by over 400,000 users worldwide. Created specifically for small and medium-sized businesses, it offers comprehensive features that you can tailor to the unique needs of your operations. From tracking cash flow and controlling your inventory to managing VAT and automating mundane tasks, this platform is a boon for entrepreneurs who want to make their accounting process go smoothly.

Among its most notable tools are tax management, inventory optimization, budgeting, billing and invoicing, and financial analysis. On top of those, Sage 50cloud can pay bills electronically, serve as a contact database, and provide bank reconciliation options. Should its extensive list of solutions fall short of your expectations, the system has add-on options for credit card processing, payroll preparation, financial tracking, mobile sales, and more.

Built to run in only a matter of minutes, Sage 50cloud offers a straightforward setup that lets you customize everything according to your preferences. It has an easily navigable interface that lets let you import or export data with ease. Another great thing about this product is that it offers a clear, concise language that is free of accounting jargon, making it a good option for entrepreneurs who don’t really have much accounting experience.  

Sage 50cloud offers different payment plans priced according to the types of features you will be needing for your operations and the number of companies you will be enrolling into the system. Just choose from their Essentials plan, Standard plan, and Professional plan. Prices start from £20, £60, and £125 per month exclusive of VAT.

The vendor offers a great free trial plan that lets you try out all the key features of the app first. You can easily sign up for Sage 50cloud free trial here.

Benefits of Sage 50cloud

Sage 50cloud is undoubtedly a great tool for accountants and entrepreneurs alike. It offers tools that are powerful enough for experts to use but still simple enough for novice users to understand. To help you get a better idea of what this software solution can do for your business, we have listed down some of its key benefits:

  1. Simplified Accounting Process – No matter the size of your business, managing financial matters still involves tons of processes such as budgeting, tax preparation, invoicing, and cash flow tracking. With Sage 50cloud’s activity dashboard, you can simplify the many tasks involved in accounting by automating them or simply streamlining them in such a way that you can monitor everything in one place. It even provides you with trend analysis tools, so you can get better insights regarding your financial status. On top of that, all the features of Sage 50cloud are completely mobile-ready. This way, you can monitor the different aspects of your accounting operations anywhere you may be.  
  2. Better Customer Service – One of the reasons why customers choose to do business with certain companies is because of how fast they handle transactions. Using Sage 50cloud, you can create quotes, invoices, and statements and send them directly via email without even leaving the platform. On top of that, this system also has a dashboard specifically for customer management wherein you can store and access customer information as well as your previous interactions. In turn, this allows you to gain critical insight about your clients as you manage transactions with them.
  3. Improved Management of Suppliers– Do you have multiple suppliers for the different products and services you offer? To help you keep track of your relations with them, Sage 50cloud has a feature that stores supplier addresses, contracts, and credit information. It even provides a breakdown of outstanding invoices so you can track the money you owe, who you owe it to, and how much it is. The system even allows you to pay invoices without using a different software.
  4. Optimized Inventory Control – A great deal of your company’s money is spent on inventory. Make sure that all your purchases are accounted for using Sage 50cloud’s  product and stock control tools. It allows you to set product stock codes, descriptions, categories, and prices for the different items in your inventory. After which, the system can help you monitor the quantity and value of the products in stock. It even provides automatic updates regarding stock levels as well as provides insightful reports around product performance.
  5. Online Payment Made Easy – Going to the bank to pay bills or withdraw payments from customers can often be a hassle. To make the whole process faster and easier, you can merge Sage 50cloud with Sage Payment Solutions. This way, you can link bank accounts to record receipts and sales in an instant.  

Top Alternatives to Sage 50cloud

1. FreshBooks

Used by over 5 million companies, FreshBooks is a cloud-based finance and accounting software perfect for small businesses. It is created to turn complex financial management into an enjoyable process by streamlining the tasks that comes with it. Equipped with robust yet user-friendly features for online invoicing, expense tracking, payment processing, accounting and tax reporting, this product can provide you with everything you need to carry out your accounting responsibilities with ease. The vendor offers a comprehensive free trial to get you up to speed with the features. You can sign up for the FreshBooks free trial here.

This award is given to the best product in our Accounting Software category. It highlights its superior quality and underlines the fact that it's a leader on the market.
USER SATISFACTION 99%
OUR SCORE 9.8
FreshBooks won our Best Accouting Software Award for 2017

FreshBooks has time tracking and project management options also to further optimize your workflow. To help you gain a more personalized user experience, this platform can even integrate seamlessly with multiple business systems and third-party applications.

FreshBooks offers flexible pricing plans according to the number of active clients you can bill on a monthly basis. You may choose from their Lite plan at $15/month, Plus plan at $25/month, and Premium plan at $50/month. These  packages are inclusive of invoice creation and status tracking, online payment processing, project time tracking, as well as all the accounting features that this program can offer.

If you think this software solution is not the right pick for your business, then we highly suggest checking out these great FreshBooks alternatives.

Why Choose FreshBooks instead of Sage 50cloud?

  1. FreshBooks offer more competitive subscription rates.
  2. This software solution offers a more extensive set of features.
  3. The system can integrate with a lot more third-party applications compared to Sage 50cloud.

Why Choose Sage 50cloud instead of FreshBooks?

  1. Sage 50cloud is a hybrid software that can be deployed both on-premise or via cloud depending on your needs.
  2. This software is highly scalable. It can accommodate the needs of small to large businesses.
  3. The vendor offers hands-on training to help you get the most out of your investment.

2. Zoho Books

Zoho Books is a smart, intuitive accounting system that lets users stay on top of their cash flow in real-time. Designed specifically for growing businesses, this platform is simple and easy-to-use yet equipped with powerful features that can help you boost the way you handle your accounting responsibilities. It has tools for inventory management, tax management, sales order tracking, and online payment processing. The vendor has an appealing free trial where you can tinker with the features at no cost. You can sign up for the Zoho Books free trial here.

On top of that, it provides financial insights so you can make data-backed decisions when it comes to your finances. The platform even comes with a RESTful API that lets it merge with third-party systems, so you can combine all your favorite tools in one place.

As for pricing, Zoho Books provides different subscription plans based on the amount of contacts you need to support and the number of users you will be enrolling in the system. You can choose from their Basic, Standard, and Professional plans which cost $9/organization/month, $19/organization/month, and $29/organization/month. You can also choose to add users for specific plans for only $2/month.

Do you think that this software solution does not meet some of your operational requirements? If so, be sure to take a look at these Zoho Books alternatives.

Why Choose Zoho Books instead of Sage 50cloud?

  1. Zoho Books offers more affordable rates, making it a good option for small businesses.
  2. This software can be used alongside third-party systems.
  3. This is specifically created for small and medium-sized businesses.

Why Choose Sage 50cloud instead of Zoho Books?

  1. Sage 50cloud offers more deployment options compared to Zoho Books.
  2. This software can scale up or down depending on the current needs of your business.
  3. Sage 50cloud’s extensive features go beyond accounting and bookkeeping, making it more versatile.

3. FreeAgent

An online accounting software, FreeAgent is a preferred solution among small businesses and freelancers. This feature-rich platform helps you keep your finances on track by facilitating complex expense operations and simplifying accounting responsibilities. From tax management and expense tracking to invoicing and timesheet reporting, this software has a multitude of state-of-the-art capabilities that you need for your operations. If you want to investigate the features closely you can easily do so when you sign up for a FreeAgent free trial here.

In addition, FreeAgent has 26 integrations and can link to over 750 add-ons, so you can be sure that you will have all the tools you need for your accounting tasks.

FreeAgent offers a Universal Plan that costs $10/month for the first six months. For the succeeding months, you will be charged with $20/month. This is inclusive of multi-currency invoicing and sales tax reporting as well as all the other accounting features that the platform has to offer. There is no contract or setup fees and this fee already covers technical support charges.

While this platform is a great option for many small businesses, you might still be looking for other options. To help you out, here are some of the best FreeAgent alternatives on the market.

Why Choose FreeAgent instead of Sage 50cloud?

  1. FreeAgent is a more affordable option.
  2. The vendor offers world-class customer support.
  3. This system can integrate with different third-party applications.

Why Choose Sage 50cloud instead of FreeAgent?

  1. Sage 50cloud offers a wide variety of functions that other accounting platforms do not.
  2. The vendor accommodates both monthly and annual billing options.
  3. Sage 50cloud has a more user-friendly interface.

4. Gusto

Gusto is a cloud-hosted software that brings together various accounting and HR functionalities in one convenient platform. Created for small businesses, this system offers powerful payroll management automation, benefits administration, HR tools, and compliance options. It is even fully compliant with HIPPA, ACA, and ERISA standards to help you ensure that you are up-to-date on the latest industry regulations. You can check the solution closely when you sign up for a Gusto free trial here.

The only problem you might encounter with this solution is that it is more geared toward reinforcing your HR tasks than your accounting responsibilities. Should you need more powerful accounting features, you can always integrate the system with platforms like Xero, QuickBooks, FreshBooks, and the like.

Gusto offers enterprising plans with different feature sets depending on your requirements. You may choose among their Core Plan which is inclusive of full-service payroll tools, their Complete Plan which has full-service payroll and advanced HR tools, or their Concierge Plan which is inclusive of all the features that the system has to offer. These are available at $39/month plus $6/person, $39/month plus $12/person, and $149/month plus $12/person.

Before choosing this as your accounting solution, you should also take time to consider these Gusto alternatives. This way, you can better gauge which platform works better for you.    

Why Choose Gusto instead of Sage 50cloud?

  1. Gusto is great for businesses looking to streamline their accounting and HR responsibilities.
  2. The vendor offers more technical support options.
  3. This platform is specifically designed to meet the needs of small businesses.

Why Choose Sage 50cloud instead of Gusto?

  1. Sage 50cloud offers more powerful accounting solutions.
  2. The vendor offers more flexible payment schemes.
  3. This platform has a highly scalable interface, making it great for all business sizes.

5. QuickBooks Online

QuickBooks Online is an integrated financial software system used by freelancers, bookkeepers. Accountants, finance officers, and small business owners. Equipped with robust features like automated online banking, tax calculation, invoicing, bill management, and check printing, this software solution can provide you with the tools you need to carry out your accounting tasks. It also syncs your financial data in a single dashboard that can be accessed by multiple authorized users via desktop or mobile device. You can easily sign up for a QuickBooks Online free trial here and get to know the features firsthand at no cost and without commitment.

QuickBooks Online offers three subscription plans that are priced according to the number of features you’ll be needing. Just choose from their Simple Start package, Essentials plan, or Plus plan. These cost €4.20/month, €6.30/month, and €8.70/month respectively. This way, you can get a better grasp of what it has to offer.

Do you think there are other options out there that are better suited to your business? If so, you can start be taking a look at these QuickBooks Online alternatives.

Why Choose QuickBooks Online instead of Sage 50cloud?

  1. QuickBooks can support third-party systems and applications.
  2. The vendor offers more competitive pricing plans.
  3. This system provides only the essential accounting tools, making it easier to navigate.

Why Choose Sage 50cloud instead of QuickBooks Online?

  1. Sage 50cloud offers a more extensive list of features.
  2. This platform can accommodate the accounting requirements of all business sizes.
  3. Sage 50cloud has more powerful financial consolidation capabilities.

6. Xero

Xero is a financial collaboration application that manages all types of financial activities. Built to cater to the needs of small businesses in different industries, this platform offers an interface that is so easy to use that even entrepreneurs with no accounting knowhow can utilize it with ease. It offers tools for bank reconciliation, expense claims, financial reporting, inventory management, invoicing, payroll management, and a number of other accounting solutions. Moreover, these capabilities and the entire program can be configured to work in line with your business’ priorities. This way, you can manage money according to your goals without hassle.

For pricing, Xero offers different plans according to the number of invoices, quotes, bills, and bank transactions you intend on handling on a monthly basis. You can choose from their Starter plan which costs $9/month, their Standard plan which is priced at $30/month, and their Premium 10 plan which is available at $70/month. The vendor also offers a 30-day free trial so you can take the software on a test run before committing to any of their subscription packages.

Should you think that this software does not meet some of your requirements, you can also take a look at these Xero alternatives.

Why Choose Xero instead of Sage 50cloud?

  1. Xero offers a easy-to-navigate interface that takes little time to learn, even for novice users.
  2. The vendor offers rates that are budget-friendly, especially for small businesses
  3. Xero offers more technical support options

Why Choose Sage 50cloud instead of Xero?

  1. Sage 50cloud offers features that go beyond accounting such as trend analysis, job cost estimating, and others.
  2. The vendor has more flexible billing options.
  3. This system can easily scale up or down, no matter the size of your business.

7. Wave

Wave is an integrated business platform that combines accounting, invoicing, and receipt scanning in a single interface. It aims to simplify and accelerate your accounting process without compromising accuracy using a multitude of tools that can be configured to your preferences. Whether you require payment processing, cash flow tracking, yearly record keeping, receipt creation, payroll preparation, or tax calculations, this is a great option for you. On top of that, it is specifically created to meet the requirements of small businesses, startups, freelancers, and self-employed professionals.

For your convenience, Wave is completely free to use. This is inclusive of all the features that this platform has to offer. However, they do have credit card processing and payroll services in select countries that have pay-as-you payment schemes. Simply contact the vendor for more information on their rates.

Of course, there are still tons of other options out there for you to choose from. So, if you think this is not the platform for you, you can always check these Wave Alternatives.

Why Choose Wave instead of Sage 50cloud?

  1. Wave is free for all, making it the ideal option for companies with limited financial resources.
  2. This platform offers a simple, no-fuss setup with only the essential accounting tools.
  3. Wave has a clean interface that makes it easier to learn and navigate.

Why Choose Sage 50cloud instead of Wave?

  1. Sage 50cloud offers more robust accounting features.
  2. This platform can handle larger amounts of accounting data.
  3. The software solution can support other business systems and applications.

8. MYOB Essentials

MYOB Essentials is an online accounting suite designed for startups, small businesses, and growing companies. Simple and easy-to-navigate, this platform boasts a sophisticated set of tools that let you handle a plethora of accounting responsibilities. From consolidating bank feeds and processing payments to managing payroll and creating invoices, this software solution will help you get a bird’s eye view of your finances while simplifying your tasks. It even has a native application for both Android and iOS devices so you can work on the fly.

MYOB Essentials has enterprise pricing plans bundled up according to the types of features you need and the technical support they can provide. You may choose from their Starter plan, Payroll for One package, and Unlimited Payroll plan which cost $27/month, $45/month, and $55/month respectively.

Before you purchase any product, however, you should try getting to know the other products available out there for your business. Start by check out these MYOB Essentials alternatives.

Why Choose MYOB Essentials instead of Sage 50cloud?

  1. The entire MYOB Essentials is optimized for phones and tablets for better mobility.
  2. The vendor offers more affordable subscription rates.
  3. The software provides a reliable auto backup for your files.

Why Choose Sage 50cloud instead of MYOB Essentials?

  1. Sage 50cloud has the capacity to integrate with different business systems.
  2. This software offers more functionalities for accounting and other financial matters.
  3. Businesses, large and small, can easily configure this system according to their needs.

9. ZipBooks

ZipBooks is a web-based application with intuitive accounting and bookkeeping features. It allows users to create accounting reports, make invoices, track expenses, reconcile bank statements, as well as keep track of your cash flow with ease. The system even has the capacity to provide future income projections, so you can budget your money even more effectively. It can also integrate with a number of applications such as Asana, Google Drive, and Slack for a more personalized user experience.

Ideal for companies who don’t have the budget to invest in an accounting software, ZipBooks offers a free forever plan with all the basic features you need. Should you require more advanced features for your operations, you can choose from their paid plans. They have a Smarter package available at $15/month and a Sophisticated plan which costs $35/month. They also offer a Services package that starts at $125/month.

If this software solution is unable to meet your preferences, worry not. There are still other products to choose from. Just take a look at these ZipBooks alternatives.

Why Choose ZipBooks instead of Sage 50cloud?

  1. ZipBooks has a free plan as well as affordable paid plans.
  2. The software can integrate with numerous productivity tools that you may already be using.
  3. This software is created specifically for small businesses, so it is easy to manage even for novice users.

Why Choose Sage 50cloud instead of ZipBooks?

  1. Sage 50cloud offers a more comprehensive set of accounting tools.
  2. The vendor provides training options so you can learn the ropes of the software in no time.
  3. This software is more ideal for growing businesses as it is highly scalable.

10. Roboeyelabs

Roboeyelabs is an integrated platform that can tackle both accounting and CRM tasks. It is geared towards managing your finances in line with your sales and marketing activities. Chock full of financial management tools, the system also provides you with ways to create sales pipelines, consolidate your cash flow, and plan lead management tactics. On top of that, it has Rest API capabilities, so you can customize the platform however you want.

Roboeyelabs offers three subscription plans depending on the types of features you want. If you only require the basic accounting tools, you can opt for their Bronze plan which is completely free to use. Should you need sales and marketing features, they have a Silver package that costs $1/month. They also offer a Gold plan at $2/month which is equipped with social media integration, social CRM solutions, email marketing options, and Rest API functionalities.

Before you settle for this platform, you should also make sure to check out how it measures up to its competition. Take a look at these Roboeyelabs alternatives to get a better idea of the other options that may also be suitable for your operations.  

Why Choose Roboeyelabs instead of Sage 50cloud?

  1. Roboeyelabs offers API capabilities, making customization much easier.
  2. The vendor offers affordable plans as well as a free subscription.
  3. This system can easily merge your sales and accounting operations for easier financial management.

Why Choose Sage 50cloud instead of Roboeyelabs?

  1. Sage 50cloud has technical support options and offers customer training.
  2. The software has a more varied set of features.
  3. The platform can accommodate the accounting concerns of all business sizes.

Conclusion

Sage 50cloud has been one of the most sought after online accounting options for small and medium-sized businesses because of its comprehensive list of features and easy-to-use interface. It also offers a variety of modules that you would otherwise have to purchase separately if you use other accounting platforms. Despite this, however, there are still plenty of reasons why this is not a perfect fit for your operations. It could be too expensive for your budget, it might have too many features that you don’t need, or perhaps, there are certain requirements have that this solution doesn’t meet.

Whatever the case may be, you can be confident that there are other choices out there that would be able to cater to your specific needs. With this list of top 10 alternatives to Sage 50cloud, you can navigate through some of the best online accounting solutions on the market. To further help you on your search, check out this article on the different types of accounting software and the various industries they work best in. This should be able to help you narrow down your options before you make a purchase.

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