Sage 50 Accounts is an accounting package for SMEs. In this overview guide, we’ll cover what Sage 50 is, provide a summary of its key modules as well as outline who the product is suitable for.
What is Sage 50 Accounts?
Sage 50 Accounts is a popular accounting software solution designed for small to medium-sized businesses. It is trusted by thousands of businesses in the UK and is suitable for up to 20 concurrent users. It contains a wide variety of tools and functions that enable SME businesses to easily manage their financial data and transactions.
Sage 50 Accounts is available in two variants: Sage 50 Accounts Standard and Sage 50 Accounts Professional.
Sage 50 Accounts Professional contains all of the features in Sage 50 Accounts Standard plus additional functionality including the ability to:
- Set up contacts with individual pricing and discounts
- Create sales and purchase orders
- Set up sales and purchase orders to recur automatically
- Project Costing
- Advanced stock management
Modules Available in Sage 50 Accounts Professional
- Customers & Suppliers – Control your aged debtors and creditors. Maintain your customer and supplier accounts and process receipts.
- Sales & Purchasing – Raise and process purchase orders, quotations, pro-forma Invoices and sales orders.
- Products & Services – Create stock/non-stock products and service items, categorise items and maintain your stock levels.
- Nominal & Bank – Produce profit and loss and trial balance reports. Utilise bank feeds to quickly reconcile bank transactions.
- Invoicing – Generate and process sales invoices and credit notes.
- Projects – Create projects and link purchase/sales orders accordingly to track costs, revenue and profitability.
Who is Sage 50 suitable for?
Sage 50 Accounts is suitable for small businesses with up to 50 concurrent users.
Sage themselves recommend that to optimise the performance of the solution you should have fewer than:
- 250,000 splits
- 50,000 invoices
- 50,000 sales orders
- 50,000 purchase orders
- 5,000 customer records
- 5,000 supplier records
- 20,000 product records
- 2,000 project records
If you are likely to have significantly more than the figures stated above, then Sage 200 Professional might be a more suitable solution for your business. Sage 200 Professional is a more advanced, customisable solution that can handle up to 9 million transactions.
Manufacturing Add-On for Sage 50 Accounts
It is also possible to extend your Sage investment with a range of add-ons. Sage has its own Marketplace which comprises a range of solutions for a variety of business requirements. Our manufacturing add-on for Sage 50 Accounts, Cim50 Manufacturing, is available on their marketplace. It integrates with Sage in real time and provides the functionality SME manufacturers need to accurately control their manufacturing processes from beginning to end.
Still unsure if Sage 50 is suitable for you? As a Sage Tech Partner Plus, we’re in a great position to help advise you on its suitability for your business. If you’d like to discuss your options with a member of our friendly team, please contact us and we’ll be in touch.
