Preparing a budget makes financial management attainable for a business. Although several factors might creep in during business activity, a budget creates discipline which in the long run elongates the business life.
However, some companies go the extra mile by hiring accounting specialists in managing their finances most especially in creating a budget plan. Nevertheless, small businesses with the shortage of funds may find it expensive to do so.
On the other hand, recent technological advancement can be adopted in a business to plan a budget and also handle other accounting needs. With the use of a budgeting software, businesses are presented with an easy to use software which automates budgeting, account reports, expenses management, and many more.
With a budgeting software, businesses can virtually monitor their finances in real-time whether SMBs or large enterprises without the need to hire an accountant.
In addition, budgeting software is automated specifically designed to tackle the financial issues such as overspending and to checkmate irregular spending.
Nevertheless, Sage 50 Cloud budgeting software provides users with the platform to automate accounting, inventory, and payments. Hence, users can manage their finances without stress or fear of data loss due to Sage 50 Cloud synchronization with the cloud.
What is Sage 50 Cloud?
Sage 50 Cloud is a web-based budgeting software with built-in standard accounting functionalities that enables businesses to manage their finances automatically whether as a desktop hosted application or as a cloud-based tool.
Sage 50 Cloud budgeting software comes with a series of features, some of which include cash flow, budgeting, invoicing, inventory, and taxes. In addition, Sage 50 Cloud budgeting software is integrated with other add-ons to ease enable businesses to receive payments from PayPal, credit cards processing, bank transfers, and more.
Besides, Sage 50 Cloud budgeting software was specifically designed for businesses to help them manage their finances while also ensuring that they stick to their main budget for a particular year or quarter; this enables businesses to maintain full compliance and implement strong financial discipline for keeping their finances in check.
In addition, Sage 50 Cloud provides businesses with the opportunity to bill their customers, and make payments for them immediately or as soon as possible, thereby removing the delay or the hassles of clearing cheques from clients at the bank.
Amongst its many features, Sage 50 Cloud comes with a comprehensive visual dashboard which gives business owners and organisations visual impression of their financial strength. The dashboard, on the other hand, highlights relevant financial areas while at the same time provide users with views on the budgets, management, and company trends on finances.
With Sage 50 Cloud budgeting software, businesses can create, organise, and manage their clients’ contacts in order to ease the creation and sending of quotes, invoices, sales orders, and receipts directly to their clients.
Also, businesses can get a better access to sensitive customers’ information such as customers balance information, outstanding balances, debts, order history, and credit limits. Nevertheless, business owners can auto-sync Microsoft Outlook contacts to the Sage 50 Cloud budgeting software as well.
With Sage 50 Cloud budgeting software, business organisations can automate the budgeting process as well as other accounting activities seamlessly without any hassles.
Benefits of Sage 50 Cloud budgeting software
Sage 50 Cloud budgeting software enables businesses to cut down on their expenses incurred in hiring an accountant to manage their financial resources which can really be daunting.
Unlike other expensive budgeting or accounting solution, Sage 50 Cloud comes at a relative price between premium and cheaper budgeting software. With just $44.97/month, businesses can access the full Sage 50 Cloud budgeting software features.
Sage 50 Cloud budgeting software enables business users to categorize their expenses in a separate section so as to avoid any mix-up.
Therefore, users can get an accurate monthly projection of their finances which will help them in determining whether their next expenses will fall within their budget or not.
This provides users with an early forecast of their financial projection thereby enabling them to avoid making unnecessary or irrelevant financial decisions that may dampen their financial security.
Sage 50 Cloud can be extended through various add-ons available at a premium price. Some of the third-party tools include accuCOUNT, BizOps Mobile, Time Tracker, Sage 50 Payroll, ProTrack Warehouse, CoreIMS, and many more.
For instance, some of the Sage 50 Cloud add-ons include business tools such as the barcode, stock management, time tracker, inventory management, email alert, payroll management, and many more.
Therefore, businesses can easily scale up their business resources based on their basic business model by utilizing any of the available add-ons.
With Sage 50 Cloud budgeting software, business users are provided with on-the-go access to the platform and information such as contact details, balance information of clients, credit limits, and any other related financial history anytime from anywhere in the world.
Sage 50 Cloud comes with Android and iOS applications that provide desktop-feel experience for its users. Therefore, Sage 50 Cloud users can upload their financial data via their mobile devices which can then be retrieved from the cloud storage.
Effective payment solution
Sage 50 Cloud budgeting software can also be synced with your bank accounts, credit cards and other online payment methods such as PayPal or Payoneer.
By combining any of these payments solutions with Sage 50 Cloud budgeting software, payments made are both safe and secure. Hence, business users can easily issue receipts, record sales, generate invoices, issue statements, etc in real time.
Besides, this also enables businesses to keep checks on cash flow and what the business is being owed by providing users with a schedule of suppliers’ payments alongside tools meant for easy cash flow and invoicing.
Key features of Sage 50 Cloud budgeting software
With Sage 50 Cloud budgeting software, users can keep track of their finances automatically. For instance, expenses made through banks, credit cards transactions, and online payment platforms are automatically logged in the Sage 50 Cloud database. Therefore, when a particular threshold is about to be exceeded, Sage 50 Cloud gives a warning to the user in order to stick to the budget. Hence, businesses can maintain discipline and compliance when it comes to operating within a stipulated budget.
Sage 50 Cloud budgeting software not only automatically create backups for its users but also automatically updates business data and information available on its cloud storage platform.
In addition, Sage 50 Cloud sends users monthly copy of generated backup which can then be printed out as a hard copy for future references. With Sage 50 Cloud, there is no issue of data loss or server malfunctions due to their servers’ high data retention capabilities.
Sage 50 Cloud budgeting software prevents the user from being restricted to only a particular currency. Therefore, business users can be able to expand by exploring other currencies for a better transaction amongst different clients in a different currency.
This eliminates currency barrier between business owners and clients. Also, it saves charges incurred while exchanging money with their clients preferred currency while doing business.
With Sage 50 Cloud budgeting software, users get access to ready-made templates for generating different kinds of receipts or invoice depending on the business preferences. This is aimed at saving the long hours spent on designing and developing receipts, invoices, and statements for clients.
The Sage 50 Cloud inventory management tool is available as an add-on tool which is ideal for stock-driven or inventory-driven business. This tool enables users to automate processes such as tracking sales, orders, inventory levels, deliveries or in manufacturing business line create a work order, production-related documents, and bills of materials.
In addition, this tool also enables users to manage assets from the Sage 50c platform thereby enabling valuation and auditing.
With Sage 50 Cloud, business users can get an insight of their financial health through its reporting tool. This tool gives users dynamic reports based on sales, finances, expenses, budget, etc which enables them to make effective business decisions.
Sage 50 Cloud budgeting software seamlessly integrates with Microsoft Office 365 thereby providing business users or employees in a company an extensive platform that can which works with other office applications such as MS Word, PowerPoint, Excel, and Outlook.
In addition, Sage 50 Cloud also integrates with other accounting solution such as accuCOUNT, BizOps Mobile, Time Tracker, Sage 50 Payroll, ProTrack Warehouse, CoreIMS, and many more.
This enables Sage 50 Cloud business users to expand their business internal resources while also enabling their employees to be more productive while making a budget or engaging in other business processes.
Other notable features of Sage 50 Cloud budgeting software includes:
- Access control
- Accounting management
- Automated billing
- Bank reconciliation
- Batch processing
- Cash flow statement
- Collaboration tools
- Customizable branding
- Customizable templates
- Data import
- Drag & drop interface
- Electronic payments
- Financial consolidation
- Forms management
- Integrated bank feeds
- Invoice management & processing
- Mobile invoicing
- One-click reports
- Payroll management
- Project budgeting
- Project time tracking
- Quote management
- Receipt management
- Sales analytics
- Supplier management
- Tax management
- Transfer management
- Trend analysis
Sage 50 Cloud budgeting software offers three tiers of pricing packages which cater to the needs of SMBs and large enterprises.
Here are the pricing details for Sage 50 Cloud:
Sage 50cloud Pro Accounting – $44.97 per month or $447.78 per year
- 1 user
- Anytime, anywhere cloud access
- Manage cash flow and costs
- Microsoft Office 365 integration
- Organize your finances
- Pay bills and get paid
Sage 50cloud Premium Accounting – $69.62 per month or $692.58 per year
- 1 user
- Add controls and more users
- Manage jobs and expenses
- MS Office 365 integration
- Anytime, anywhere cloud access
- Plan and track inventory
Sage 50cloud Quantum Accounting – $175.87 per month or $1763.58 per year
- 3 users
- Anytime, anywhere cloud access
- Enterprise-level accounting
- Fast processing, up to 40 users
- Industry-specific features
- MS Office 365 integration
Note: Sage 50 Cloud users can add Microsoft Office 365 software package at a price of $150 per year.
Supported devices: Web-based, Windows, Android, iPhone/iPad.
Locations Serviced: Worldwide
Pricing model: Monthly Payment, Annual Subscription.
Supported Language: English
Typical Users: Small Business, Mid Size Business, and Large Enterprise
Integrations: QCommission, Skype, Realtrac, Microsoft Word, Microsoft Powerpoint, Microsoft Outlook, Microsoft Office 365, Microsoft Excel, BQE Core, Bill.com.
Deployment: Cloud-Hosted, On-Premise