Do you want to create better information about the financial activities of your business and organization? Well, this task can be accomplished with Sage 50 accounting software as it helps in meeting all the reporting requirements of any business or organization. Basically, it is helpful in the following areas that include banking, taxes and management.
Now, the time is to take a close view on the benefits of Sage 50:
- It is an ideal accounting software package that allows the users to build levels of security for the individuals who belong to an organization. By using this software, one can easily retrieve the files of the prior year.
- The reporting function of this software is very strong. It has the ability to generate quarterly, monthly and annual financial reports such as the cash flow statement, the balance sheet and the income statement. Along with this, it can generate financial statements after comparing two different time periods. With the help of Sage 50 information, one can create customized reports by utilizing Excel and Crystal reports.
- It enables the organizations to customize the information that they gathers from their vendors, customers and employees. It allows creating an Accounts payable invoice or an accounts receivable invoice for using 90% of the time. The user can also alter the A/P invoice or A/R invoice for a particular vendor or customer when it is needed.
- Inventory reporting system of Sage 50 is strong and it is a significant domain for a business. After setting up the inventory in a proper manner, you can get various useful inventory reports.
- With this software, the requirements of all types of businesses and organizations will be met regardless of their shape and size.
However, the main competitor of Sage 50 is QuickBooks accounting software. Between these two, people prefer Sage 50 because the expense and income accounts are closed out from a previous year before the beginning of a new year. If non-accountants will try to make alteration to prior year statements, it will make the accountants crazy. The previous year statements can be easily got in the archive file of a company in Sage 50.
How to choose the right software?
Undoubtedly, Sage 50 is a strong and powerful accounting software package. It is available in different kinds of versions that include Sage 50 premium accounting, pro and basic. Actually, these are available for the financial activities of different levels. Before purchasing the software, it is important to discuss all the requirements with the experts so that you can get the accounting software what you want. Along with this, it is important to ask the setup cost.
After considering all these factors, one can easily choose the Sage 50 accounting software according to their need and budget.