When it comes down to the accounting software solution used by professionals and firms then most of the people are very much concerned about their selection.
Everybody out there is aware of the importance of bookkeeping and tax filing and when it comes down to industries and professionals then the importance increases by many folds. There are many accounting software solutions out there in the market but when it comes down to the best accounting software then most of the people prefer Sage 50.
What is Sage 50?
Sage 50 is one of the most robust and user-friendly accounting software that has been positioned as an ideal solution for small and medium-sized businesses but because of the high level of scalability, it can be used for big firms as well. This advanced accounting software comes with some of the most important features of accounting software like the ability to track sales and expenses, analysis of business performance, cash flow management, accounts receivable, accounts payable, and even bill payment.
In addition to this, Sage 50 also allows you to perform industry-specific functions and the best part about it is it can be used by around 40 employees. The advanced accounting features like module-level security and advanced security. You should know that you can add options for payroll service and credit card processing so that you can manage your finances without any hassle.
The introduction of Sage 50 in the market
You should know that the UK version of the Sage 50 came from the wide range of accounting software that was known by the name of Sage Sterling. Many of you might not even remember this range of accounting software solutions since it was released in 1989 and it stayed on the top of the leaderboard till 1990. It was the rapidly changing demand of the customer base that force this line of accounting software to go for re-branding without any second thoughts.
After that, Sage 50 came into the market around 2000 and since then, the company behind one of the most robust accounting software in the form of Sage 50 hasn’t’ looked back. In the current scenario, Sage 50 is being used by more than 400,000 businesses and professionals and its market base is increasing at a very fast pace. Even in the future, the market of Sage 50 will keep on growing and it might become one of the largest selling accounting software of the modern era.
Sage 50 features that you should know
One of the biggest hassles that most of the accountants have to deal with is the expense incurred by the client. The process of creating reports for keeping track of the expenses consumes time and it is a complex process as well. But when you will start using the Sage 50 hosting solution, your business will start thriving on the automated reports generated by the accounting software and that too on a timely basis. This will not only save your time but will help you focus on other accounting operations.
If you are working with a company that has more than 50 employees then you should ask them about their toughest accounting operation and you will get the same answer from everywhere; payroll. Well, you can act as a helping hand to your payroll management team with the help of Sage 50 payroll features. With the help of the advanced features of payroll, one can easily keep track of profit, pay the taxes, and give the right salary to the employees without any hassle. There are many parts of the overall payroll management that has been automated by Sage 50 and this is what makes it a market leader.
If you are dealing in a business that sells products then your inventory management is going to play a key role in the success of your firm. And if you are struggling with your inventory management even after hiring the cream of the crops then you should choose Sage 50 accounting software. By taking advantage of the Sage 50 inventory management feature, you can manage your inventory without any hassle.
Who should use Sage 50?
If you will go by the standard rules then you can say that Sage 50 has been targeted to those firms that have up to 50 employees. But you should know that just deciding on the number of employees, whether Sage 50 is right for you or not will be a disaster. In most of the cases, the Sage 50 target market includes small and medium-sized businesses along with accounting professionals like CPAs, accountants, and bookkeepers. If you belong to any of these categories then you should go for Sage 50 accounting software without any doubt.
Why host Sage 50 on cloud?
If you have decided that you will be using the Sage 50 accounting software then you have made one of the best decisions of your life but if you are planning to install this accounting software on the desktop then you are not moving in the right direction.
We are living in the cloud computing era where cloud is making every process more accurate, efficient, and productive and this is why, instead of using Sage 50 accounting software by installing it on the desktop, you should host it on the cloud platform. By using Sage 50 hosting, you will get the power of global accessibility, bank-level security, high uptime, automatic backup, and much more.
How to shift Sage 50 to cloud?
In order to shift your Sage 50 accounting software to the cloud platform, you will need to choose a cloud hosting provider. The cloud hosting provider will shift your accounting software on his cloud server and then provide you an RDP that you will be using to access your cloud accounting solution. After this shift, you will be able to access your accounting solution from any device as all that you will need is your login credentials and an active internet connection.