Sage 50 has the following accounting software programs:
1. Sage 50 Pro Accounting
2. Sage 50 Complete Accounting
3. Sage 50 Premium Accounting
4. Sage 50 Quantum Accounting
5. Sage 50 Accounting by Industry
Sage 50 Pro Accounting is for organizations that need basic accounting functions. It has accounts payable. Accounts payable covers check writing, bill payment, and purchases. It has accounts receivable. Accounts receivable covers quotes, invoices, payment receipts, and sales orders. Sage 50 Pro Accounting also has automatic backup.
Sage 50 Complete Accounting controls cash flow, payments, and customer collections. It has custom reporting for budgeting, cash flow reporting, and to help set goals and measure results. It helps an organization get a complex view of their financial measurements. It tracks inventory, anticipated purchases, and increased service offerings. It helps decrease errors and discourage fraud with screen level security and a sound audit trail.
Next, Sage 50 Premium Accounting is more advanced than the previous accounting software. An organization can manage budgets and departments: it has dashboards that focus on key business statistics and that can change order processing. Change order processing means that one can change a purchase order or sales order on the fly. It has more advanced inventory features, can use serial numbers to manage warranty claims, recalls, and more. An organization can create and share meaningful reports with custom reporting tools.
Next, Sage 50 Quantum Accounting is useful for large organizations. It can handle between five to forty licensed users. An organization can design customized dashboards to manage important real time information and access it easily. One can stay current on their order process with automated workflows. It helps manage customers, inventory, and jobs with important management centers. It has industry- specific functionality and has custom reporting tools to create important reports. Sage 50 Quantum Accounting is for organizations that are large and have complex accounting needs.
Finally, Sage 50 Accounting by Industry fulfills specific accounting needs to the construction, distribution, manufacturing, and nonprofit organizations. Each version has functions and reporting specific to each industry. It also has the core accounting features that is required for each industry.
In conclusion, Sage 50 (formerly Peachtree) has various accounting software. It has different levels of accounting software for most organizations. An organization should select the software that fits their accounting needs. If you would like further information, or have questions, please sign up for a free consultation with St. Louis Accounting Services.