What is Sage 50 Accounts?
Sage 50 Accounts is accounting and finance software for small businesses who need to manage invoicing, customer and supplier accounts, purchasing, cash flow, bank reconciliation, inventory, budgets, quotes, multiple-currencies, multiple-companies, simple project accounting. Sage 50 helps you submit tax returns online and manages employee’s payroll.
When was Sage 50 launched?
Sage 50 was initially launched in the UK and Ireland by Sage Group in 1989 and started its life under the Sage Sterling product banner, the product was continuously developed and relaunched as Sage line 50 and then became Sage 50cloud before being rebranded as Sage 50 Accounts today. The product derives its name because it was designed to be used by up to 50 employees at a company.
What is the Sage 50 Key Software Features?
The Sage 50 software is feature rich, flexible yet intuitive and easy to use. The Sage 50 product range gives you the potential to control your business operations and finances by combining: Sage 50 Accounts, Sage 50 Payroll, and Sage 50 HR. Sage 50 can be further enhanced by adding 3rd party applications from Sage marketplace.
- Manage cash flow, income, expenses and payments
- Create professional personalised invoice and quotes
- Create discounts to automatically apply to invoices
- Manage customer and supplier accounts and send out statements and remittances electronically
- Set up invoices and transactions to recur automatically
- Automatic bank reconciliation
- Create and run bespoke reports
- Track and manage stock
- Manage multiple companies, departments and budgets
- Invoice & trade in foreign currencies
- Set up contacts with individual pricing and discounts
- Create sales and purchase orders
- Set up sales and purchase orders to recur automatically
- Flag invoices as disputed
- Fixed Assets register
- Project Costing
- Advanced stock management
- Management reports for multiple companies, departments and budgets
- Invoice & trade in foreign currencies
- Bank reconciliation for foreign currencies
- collaborate with your accountant, sharing data securely
- Making tax digital (MTD) for VAT submissions
- Collect payments using GoCardless, PayPal and Stripe
- Multiple deployment options On-premise or Cloud connected
Features available in Sage 50 Professional version:
Sage 50 Accounts Overview
Guides and Related Information
Download the Sage 50 Accounts Product Guide and Brochure in PDF format
Sage 50 Accounts Pricing List Download – Excel Format
Sage 50 vs Sage 200 Feature Comparison – PDF
Download the Sage 50 vs Sage Intacct comparison guide
Contact us on 0330 043 0140 or email us at info@alphalogix.co.uk to discuss Sage 50 Accounts or to organise a consultation meeting, consultation call or a personalised demonstration.
Request a Call Back to Discuss Sage 50
• Request a Free Consultation Call or Meeting
• Request a Demonstration or to Discuss Pricing
What is Sage 50 Used For?
Sage 50 manages your business finances and accounts, it also manages your financial transactions, sales invoicing, customers, suppliers, statements, remittance advices, inventory, purchase orders, sales orders, cashflow, bank reconciliation, project accounting, electronic payments, payroll and submitting VAT online to HMRC.
Sage 50 Accounts (UK) - Bank Reconciliation
Why Use Sage 50 Accounts?
Sage 50 Accounts was designed to be easy to use and intuitive where you can customise the screens to suit the way you work in your business. Sage 50 gives you the freedom to work anywhere with internet connection using “Cloud-connectivity”, providing anytime and anywhere access to your accounts data.
Key reasons why businesses use Sage 50 include:
- Enables you to see your true current financial position at any time
- Manage accounting and business processes
- Manages your cash flow including accounts receivable and accounts payable
- Keep and manage accurate customer and supplier records and all financial transactions
- The Sage 50 Cloud version helps free up IT resources and reduces expensive IT overheads
- Your business needs additional integrated software applications from Sage marketplace
- Increases user productivity and cross-team collaboration
- Bespoke reporting and management dashboards
- Produce Management reports, Profit & Loss reports and Balance Sheets
- Integrates with Microsoft Office 365 so you can track all documents, emails and messages
- Integrates with Sage Payroll, HR and Sage payment solutions
Sage 50 Accounts - Sales Invoices
What are the benefits of Sage 50?
Sage 50 enables you to manage your business finances whilst saving you time and money so users are more efficient in their job, it also frees up time for finance leaders to focus on business growth.
- Affordable as you pay monthly
- Quick to implement
- Intuitive design means that users require the minimum amount of training
- Easier collaboration with your accountant
- Quick return on investment
- Improve month end close down times and year end close
- Accurately record all financial transactions making your business tax compliant
Sage 50 Accounts - Report Designer - Personalise your invoice layout.
Which version of Sage 50 is right for your business?
Sage 50 Accounts is available in two different versions, Sage 50 Standard is the entry level version and Sage 50 Professional is the more advanced version with extra functionality. Sage 50 Professional is more expensive than Standard and both are available for use as “Cloud-connected” (which enables you to store your data in the cloud) or you can install the software as on-premise where it resides on your desktop or server.
Comparison of Sage 50 with other Finance & Accounting software
The right Sage software for you depends on your business size and accounting requirements. Sage 50 is great for small businesses whilst Sage 200 is a perfect fit for SMB’s and growing companies, Sage One (now called Sage Accounting) is ideal for sole traders or very small business owners and Sage Intacct is better suited for much larger businesses.
Sage 50 vs Sage 200
Sage 50 vs Sage Intacct
Sage 50 vs Sage One
What is the difference between Sage 50 Standard and Sage 50 Professional?
Sage 50 Accounts Standard is ideal for small businesses with simple to complex accounting tasks whilst Sage 50 Professional is better for small businesses with more advanced accounting needs.
Sage 50 Professional has all the features of Sage 50 Standard plus:
- Set up contacts with individual pricing and discounts
- Create sales and purchase orders
- Set up sales and purchase orders to recur automatically
- Flag invoices as disputed
- Fixed Assets register
- Project Costing
- Advanced stock management
- Invoice & trade in foreign currencies (included)
- Bank reconciliation for foreign currencies
- Advanced credit control through Satago (upgrade to package required)
- Management reports for multiple companies, departments and budgets
Sage 50 Accounts - Management Reports.
Sage 50 Features
How does Sage 50 help you manage your cashflow?
- See what money and outstanding debts you are owed
- Manage late invoice payments
- View your expenses and outgoings
- Monitor cashflow progress and keep track of your budgets and forecasts
Sage 50 Accounts (UK) - Chart of Accounts
Accept payments easily and get paid faster.
- Seamless online payment integrations
- Effortlessly reconcile invoices, sales, and purchase orders
- Integrates with Sage employee and supplier payments
Sage 50 provides full visibility and control of your payments from anywhere.
- Notify your suppliers directly from within your Sage software
- Avoid manual errors by pre-populating your payment instructions
- Safe and secure payment gateway
- Seamless experience from billing to reconciliation
See all of your finances when you need to, in one place.
- Real-time view of your business performance on a personalised dashboard
- Live feed from your bank account
- Automatically generate reports
- HMRC compliant and MTD-ready
Automate your admin tasks, and save hours of work whilst improving your finance team efficiency.
- Snap or scan receipts and documents with AutoEntry, and watch data seamlessly appear into your 50 Accounts
- Connect your bank to automatically import and reconcile your transactions
- Set up rules for future transactions
Save time and money with AutoEntry for Sage - How does it work?
Track stock from anywhere - skip long days at the warehouse with advanced stock management
- Know what’s in stock and what’s on order
- Keep track of the movement of your inventory
- View quantities on hand and adjust them easily
- Stay on top of purchase orders
Available with Sage 50 Accounts Professional
Frequently Asked Questions?
Sage 50 Accounts pricing starts from £92 per month for the Standard version and Sage 50 Professional starts from £186 per month, prices do change regularly so best to call us for the latest licence costs. Pricing is based on Sage’s software as a Service (SaaS) subscription plan where fees are paid each month.
Sage 50 Cloud is not a true cloud product, it is “cloud-connected” which enables you to access your accounts data hosted in the cloud whilst using the desktop version of Sage 50.
Sage 50 was designed to run on Windows PC’s only and does not work on a mac, however you can access Sage 50 on a mac by accessing a hosted version of the Windows versions online.
Yes, you can have more than one company on Sage 50 if you have a multi-company licence. There are a range of multi company licences to choose from, you can purchase Sage 50 for up to 10 companies, then the next band is up to 25 companies, up to 100 companies and also an option to buy unlimited companies.
Sage 50 is the on-premise desktop version which is installed on your own computer or from your own servers. Sage 50 Cloud accesses data hosted in the Cloud, this has advantages of being able to access the data from different locations.
As one of the most popular accounts packages for small businesses with over 400,000 business users, Sage 50 is feature rich, intuitive, easy to use and lets multiple employees get access to information they need.
Sage 50 Accounts integrates with a wide range of Sage products and Sage services as well as seamless Office 365 integration.
- Sage Pay (now Opayo)
- Sage CRM
- Sage 50 P11D
- Sage Salary and Employee Payments
- Sage CIS Module
- Sage 50 Payroll
- Sage Pensions Module
- Sage 50 Manufacturing
- Sage 50 HR
- Microsoft Office 365 Sage 50 Integration
As of 30 September 2022, older versions of Sage 50 Accounts (version 26.2 or below) will no longer be supported due to essential security updates. Users will need to upgrade to continue using the software. Sage 50 itself is not end of life, but updates are necessary for continued functionality.
Yes, you have to pay for Sage 50 every year because it operates on a subscription license that requires annual renewal. This ensures you maintain access to the latest features and updates as long as your subscription remains active.
No, you do not have to upgrade Sage 50 every year. If your service subscription is active, you will automatically receive updates. If your subscription lapses, you may need to renew to access newer versions.
If you don’t renew Sage 50, the software will switch to read-only mode. This means you won’t be able to add new data, but you can still view existing information. Renewing ensures full access to all features and data entry capabilities.
Sage 50 Accounts Professional is an advanced version of Sage 50 that offers cloud capabilities, allowing small and medium businesses to manage accounting tasks such as creating quotes, invoices, and VAT returns while also being MTD compliant. It provides enhanced accessibility and collaboration features compared to the standard Sage 50.
Sage 50 Payroll - Get your payroll done
What are the Strengths and Weaknesses of Sage 50?
If you are considering Sage 50 to manage your business finances then it’s good to consider some of the advantages and disadvantages below:
What are the strengths of Sage 50?
- Intuitive and easy to use accounts software
- Used by over 400,000 businesses and is a well-recognised accounts software brand in the market
- Helping small businesses manage their accounting
- Create professional looking invoices and purchase orders
- Sage Payroll integration
- Better control of financial processes & reporting
- Improves productivity levels for your finance team
- Large number of additional 3rd party apps available from Sage marketplace
- Manage multiple currencies
- Straightforward and simple inventory management
- Automatic bank reconciliation
- Collaborate seamlessly with Office 365
- Multi-deployment options, on premise or cloud connected
- Account reconciliation
What are the weaknesses of Sage 50
- The speed of Sage 50 slows down once there are a large number of transactions
- Transaction limits of around 250k tend to slow down Sage 50
- Does not use a SQL (structured query language) database
- Does not grow with your business if your accounting requirements keep changing or you need to automate complex accounting processes
- Sage 50 has a recommended limit on the number of users
Sage 50 Accounts – Running your month end.
Why work with AlphaLogix as your Sage 50 Business Partner?
AlphaLogix was founded in 1995 and today we are a leading tier 1 strategic Sage Business partner in the UK. Our Sage 50 consultants have successfully implemented hundreds of Sage sites across the UK and we understand the need for a well-planned and smooth implementation process.
All of our Sage 50 consultants are certified by Sage and we pride ourselves in providing outstanding customer service and help desk support, with quick resolutions for your technical queries. AlphaLogix have a dedicated Sage support team who have been supporting Sage products for over 25 years.
Contact us on 0330 043 0140 or email us at info@alphalogix.co.uk to discuss Sage 50 Accounts or to organise a consultation meeting, consultation call or a personalised demonstration.
What do our Sage customers say?
What is the Sage 50 Implementation and Support services we offer?
AlphaLogix provides a wide range of implementation services, training and ongoing Sage 50 support helpdesk packages.
Sage 50 implementation services
- Implementation and installation
- Customisation and configuration
- Sage Consultancy
- Data migration
- Fixing broken Sage 50 databases
- Sage 50 training courses
- Software development and ecommerce integration
- Hosting Sage 50 via the Cloud
- Upgrades and migrations from other accounting products
- Ecommerce and Sage 50 Amazon integration
- Upgrades from Sage 50 to other systems like Sage 200 and Sage Intacct
Helpdesk and technical support
- Sage 50 help desk telephone access
- Quick resolution to issues
- Remote access
- Log support tickets
- On-going annual support contracts based around your requirements and budgets
- Switch support contracts from your existing Sage business partner or Sage UK
Request a Call Back to Discuss Sage 50
• Request a Free Consultation Call or Meeting
• Request a Demonstration or to Discuss Pricing
Related Information
Sage 50 vs Sage Accounting (was Sage one)
