Created specifically for small and medium-sized businesses, it offers comprehensive features that you can tailor to the unique needs of your operations. Sage 50cloud is an online accounting solution trusted by over 400,000 users worldwide. 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. In addition, tools such as payroll preparation, tax management, and invoicing options may be necessary if you want a more streamlined accounting process. They also prefer solutions with multi-currency support (13%), fixed asset management (12%), and inventory tracking (11%). For one, accountants usually look for mobile capabilities in their online accounting software (20%). Source: Additionally, you should familiarize yourself with the essential features of this type of software. 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%). 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. 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.īut 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. In fact, by 2026 the global market value for accounting software is projected at $11.8 billion, a Forbes article cited.Īs 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. There are many accounting software providers out there that offer affordable products designed for effortless implementation. Oftentimes, this is due to the learning curve associated with using a new software and the cost of purchasing a platform. These include improving real-time reporting, operational efficiency, cash flow management decisions, and reducing costly manual errors.ĭespite these factors, however, there are still plenty of small to medium-sized businesses that do not use accounting software and integrated financial management products. Other than speeding up the accounting process, there are many other benefits to be had when you invest in this kind of platform. 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. In order to simplify the process, many small business owners implement online accounting software like Sage 50cloud. Accounting in the modern business landscape can be quite fast-paced and complicated, making it especially difficult for small companies to keep up.
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