WHAT IS SAGE 50?
Sage 50 Accounting is a business management software product developed and published by Sage Group, a tech company that develops accounting software for small businesses, accountants and individuals. Prior to 2013, the program was called Peachtree Accounting (U.S.) and Simply Accounting (Canada).
The original idea for Sage 50 Accounting software was developed right here in Vancouver. In 1985, Adrian Robson and Tom O’Flaherty formed Bedford Software and created the platform that is now developed and sold by The Sage Group as Sage 50 Accounting.
Sage 50 Accounting is a full-featured accounting software application suitable for small- and medium-sized businesses. Sage offers three versions of Sage 50: Pro Accounting, Premium Accounting and Quantum Accounting. Each version includes several accounting modules: general accounting, vendors and purchases, customers and sales, payroll, inventory and services, projects and time, and billing (premium and quantum only).
WHAT ARE THE ADVANTAGES OF SAGE 50?
Sage 50 is full-featured, easy to use and well-supported by the Sage Group. It is an effective way for small businesses, accountants, freelancers and entrepreneurs to organize their finances and bookkeeping all in one place. Because of the three available versions, users are able to choose the software best suited for their financial needs. Users can choose to purchase a licence or a subscriptption (which includes unlimited tech support and cloud data), with licences starting at $209/year and subscriptions starting at $25/month.
Sage 50 was designed to be as user-friendly as possible. No previous accounting experience is necessary to use Sage 50.
SAGE 50 IN THE WORKPLACE
Sage 50 is one of the most popular accounting software programs on the market. Users rely on Sage 50 to manage their financial systems and determine, at a glance, whether their business is earning or losing money. Sage 50 has numerous applications and features including the ability to:
- Record daily business transactions in the various journals.
- Record revenues and sales invoices, post expenses, pay bills and make sales tax payments.
- Perform banking transactions and complete a month end of financial statements and reporting.
- Customize forms using Sage 50 forms designer.
- Perform database maintenance.
- Pay bills and receive payment.
- Control cash flow and costs.
- Manage inventory, employees and customers.
- Easily track and manage inventory and purchases.
- Compare multiple budgets across four years.
- Track warranty claims and recalls.
OBTAINING SAGE 50 CERTIFICATION
Ashton College currently offers a Sage 50 Accounting Application Specialist Assessment designation. This 30-hour course is an introduction to Sage that provides hands-on instruction to prepare attendees to use Sage as a business tool by familiarizing them with the features and functions available.