FINSYNC vs Sage 50cloud Accounting

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Our analysts compared FINSYNC vs Sage 50cloud Accounting based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

FINSYNC Accounting and Cash Flow Management is a multipurpose payment application that aides users with supervising cash flows, automating bookkeeping tasks and broadening profits. In addition to cash flow management, it streamlines the following bookkeeping operations: payments, invoicing, bill payments, payroll, accounting and financing. It keeps everyone and everything within a user's enterprise in sync for sleek finance operations.

Advanced analytics and automation and professional financial services are some of FINSYNC's helpful modules.
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Sage 50cloud Accounting is a cloud-based accounting software designed for small and medium-sized businesses (SMBs). It helps manage essential financial tasks like bookkeeping, invoicing, payroll, and tax filing. Its user-friendly interface and range of features cater to businesses with varying accounting needs, from basic bookkeeping to complex financial management. Sage 50cloud boasts strong inventory management, allowing for real-time stock tracking and purchase order creation. Additionally, its reporting capabilities offer valuable insights into business performance, aiding in informed decision-making. Users appreciate its mobile accessibility and integration with popular third-party applications. Compared to similar products, Sage 50cloud shines in its ease of use and scalability. However, its pricing structure, which scales with business size and complexity, might be a consideration for startups or solopreneurs. Overall, Sage 50cloud is a well-rounded accounting solution ideal for SMBs seeking a user-friendly and scalable platform to manage their finances.

Pros
  • User-friendly interface
  • Strong inventory management
  • Comprehensive reporting
  • Mobile accessibility
  • Integration with third-party apps
Cons
  • Limited customization options
  • Potentially complex setup
  • Scalable pricing structure
  • Limited integrations
  • Occasional performance issues
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$40 Monthly, Freemium
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$11 Monthly
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Unified Platform: Instead of uploading data from several solutions, FINSYNC enables users to seamlessly store bank cards and charge accounts. Users can also verify and reconcile numerous accounts.  
  • Superintend Every Payment: FINSYNC administers every invoice, customer receipt and bill and vendor payment within one solution. 
  • Stay On Top of Payments: It's feasible for users to evaluate every incoming or outgoing payment with an intricate calendar view so they avoid missed payments or worrying about whether or not if or when they'll receive money in the bank.  
  • Various Cash Flow Merges: Add various FINSYNC cashflow integrations to this solution. For example, the Projects add-on allows users to track the profitability of every project including time tracking and expense reimbursement. The Payroll add-on enables intricate cash flow monitoring across an entire organization. 
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  • Cost-Effective: A minimal monthly rental fee replaces upfront, installation and maintenance costs. It is cloud-based and doesn’t need dedicated personnel for support as there is a team of available experts hired by the cloud hosting providers.  
  • Easy Access: Clients and employees can work on a single system simultaneously, irrespective of location. Centralized access to data is helpful for companies that have multiple locations or employees working remotely. 
  • Automatic Backup:  Users get automatic data backups without any additional changes. Data is backed up into different paths, which ensures security and maximum data redundancy. If a disaster happens, users can rest assured that their financial data will be secure, without the requirement of any additional backup system.  
  • Paperless Processing: Creates a paperless work culture by eliminating any paperwork with a centralized database that takes care of all documentation needs.  
  • Round the Clock Support: Provides a dedicated support team that is available 24/7 
  • Boost Efficiency and Productivity: Users can view or edit their files and seamlessly perform other functions. Export data through Excel or PDF files without any loss of functionality or efficiency. Download required files or data from any place using any device.  
  • Less Downtime: Unlike traditional systems, users can access all data and files within a system with an internet connection, with reduced or no downtime. 
  • Easy Collaboration: Seamlessly share information with clients, even when they are working on the system. Eliminates the need to sync or copy files while simplifying collaboration with outsourced employees. 
  • Security: Security measures are the responsibility of the cloud hosting provider. They use data encryption technologies, third-party audits, backup power supplies and firewalls to ensure stringent security. Furthermore, since the data is saved in multiple servers and is regularly backed up, there is no risk of data loss.  
  • Free Trial: Experience a 30-day free trial without having to enter any credit card details or install the software. 
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  • Thorough Accounting: The accounting module contains multiple functions and extensions to simplify bookkeeping responsibilities. It is equipped with a customizable chart of accounts and cash and accrual reports. It tracks income and expenses by department, location and associate. It also instantly reconciles bank and credit union accounts with accurate bills and invoices. 
  • Initiate Invoices and Billing: Users can establish one-time or repeating invoices, work with built-in workflow and user permissions and set alerts and automated reminders with the invoicing and bill pay apparatus. It permits customers and vendors to safely store payment information and has adjustable payment schedules. Users can also initiate automated ACH & card payments for recurring invoices and bills. 
  • Trace and Manage Cash: The advanced automation and analytics accessory aids users in knowing every dollar that enters or exits your organization. Collecting, posting and updating accounts occurs in real-time. 
  • Financial Resources: This solution can match users with a FINSYNC Certified Professional Accountant or Bookkeeper and receive the ideal financing options that align with their enterprise.  
  • Find An Insurance Broker: FINSYNC aids users in finding a suitable insurance broker for their needs.  
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  • Cash Flow and Invoicing: Provides a clear picture of finances where cash flow settings can be customized as per the business’s requirements.  
  • Payment and Banking: Automates accounts payable, purchase orders, invoices, payments, invoices, bank feeds and reconciliation. Automatic reconciliation eliminates manual data entry and simplifies payment acceptances.  
  • Advanced Inventory Management: Tracks cost and quantity and stays ahead of purchase orders by keeping everything in stock.  
  • Job Costing: Provides an estimate into how much time projects take and how much money is being made on each job.  
  • Payroll: Tracks employee tips, vacations and hours spent. It also makes payroll processing easy with direct deposit and pay cards.  
  • Reporting: Supports one-click reports for payables, sales tax, expenses, receivables, inventory, payroll and more. Design and customize reports to fit business requirements. 
  • Security Shield: Provides Security Shield for customers to ensure financial security through their partnership with Sontiq 
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Product Ranking

#152

among all
Accounting Software

#212

among all
Accounting Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 100 92 94 86 98 100 88 99 100 51 73 84 60 86 100 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Excellent User Sentiment 7 reviews
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91%
of users recommend this product

FINSYNC has a 'excellent' User Satisfaction Rating of 91% when considering 7 user reviews from 1 recognized software review sites.

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4.57 (7)
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Awards

FINSYNC stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

SelectHub research analysts have evaluated Sage 50cloud Accounting and concluded it earns best-in-class honors for Accounts Payable.

Accounts Payable Award

Synopsis of User Ratings and Reviews

Centralized Platform: Many users appreciate FINSYNC's ability to manage various financial tasks, such as invoicing, payments, and bank reconciliation, all within a single platform.
User-Friendly Interface: FINSYNC is often praised for its intuitive design and ease of use, making it accessible even for individuals without extensive accounting experience.
Time-Saving Automation: Features like automated recurring invoices and payment reminders are popular for streamlining financial processes and reducing manual effort.
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Ease of use: Intuitive interface and simple navigation for everyday accounting tasks.
Cloud-based: Access your data from anywhere with an internet connection, simplifying remote work and collaboration.
Mobile app: Manage your finances on the go with the Sage 50cloud mobile app.
Automation: Automate repetitive tasks like bank reconciliations and invoicing to save time and reduce errors.
Reporting and analytics: Gain insights into your business performance with customizable reports and dashboards.
Integrations: Connect Sage 50cloud with other business applications you use, like CRM and e-commerce platforms, for a streamlined workflow.
Scalability: Grows with your business, accommodating increasing data volumes and user needs.
Security: Robust security features to protect your financial data.
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Steep Learning Curve: The platform's interface can be overwhelming for new users due to its extensive features and functionalities. This complexity may require additional time and effort to learn and navigate effectively.
Customer Support Challenges: Some users have reported difficulties in reaching customer support promptly, leading to potential delays in resolving issues or obtaining necessary assistance. Efficient and responsive customer support is crucial for a smooth user experience, especially when dealing with complex financial software.
Mobile App Limitations: The mobile app's functionality is currently limited compared to the web-based platform. Users seeking comprehensive mobile access to their financial data and tasks may find the app's capabilities insufficient for their needs.
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Pricing: Can be expensive for small businesses compared to some competitors.
Limited features: May lack some advanced features needed by larger businesses.
Learning curve: Interface can be complex for new users, requiring training or investment in onboarding.
Integrations: Not all third-party applications integrate seamlessly, requiring workarounds or additional costs.
Performance: Some users report occasional lag or slowness, especially on older hardware or with large datasets.
Customer support: Mixed reviews on customer support responsiveness and helpfulness.
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Is FINSYNC truly in sync with the needs of small businesses? Recent user reviews suggest a mixed bag. While many appreciate its user-friendly interface and integrated features like invoicing, payments, and expense tracking, some find its accounting capabilities lacking compared to dedicated accounting software like QuickBooks Online or Xero. For example, users praise FINSYNC's intuitive dashboard for monitoring cash flow, but some find its reporting features limited for more complex accounting needs. FINSYNC's strength lies in its unified approach to financial management, making it ideal for small businesses seeking an all-in-one solution. Its automated workflows, like connecting bank accounts for seamless transaction imports, save time and reduce manual errors. However, businesses with more complex accounting requirements or those needing robust reporting functionalities might find FINSYNC limiting. Ultimately, FINSYNC is best suited for small businesses or startups prioritizing ease of use and a centralized platform for managing their finances, rather than those requiring advanced accounting features.

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Sage 50cloud Accounting receives praise for its ease of use, cloud accessibility, and automation features. Users with typical accounting needs appreciate the intuitive interface and simple navigation, making it a breeze to handle everyday tasks like invoicing and bank reconciliations. The cloud-based nature allows for remote work and collaboration, a major plus in today's world. Automation takes repetitive tasks off their plate, saving time and minimizing errors. However, some users find the pricing to be on the steeper side compared to competitors like QuickBooks. While Sage 50cloud boasts strong core accounting functionalities, it may lack the advanced features needed by larger businesses, prompting them to consider alternatives like Xero or NetSuite. Additionally, the interface can feel complex for new users, requiring dedicated training or onboarding resources. Differentiating factors like robust security features and seamless integrations with CRM and e-commerce platforms appeal to businesses looking for a secure and streamlined workflow. Sage 50cloud's scalability further attracts users planning for future growth, as it can accommodate increasing data volumes and user needs. Overall, user reviews suggest Sage 50cloud shines for its user-friendliness, cloud accessibility, and automation tools. However, its pricing strategy and potential lack of advanced features might nudge some users towards competitors. Businesses that prioritize security, integrations, and scalability will find Sage 50cloud a compelling option, especially considering its potential to grow alongside their company's needs.

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