QuickBooks Online vs Sage 50cloud Accounting

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Our analysts compared QuickBooks Online 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

QuickBooks Online is a cloud-based accounting software designed for small and medium-sized businesses. It simplifies bookkeeping tasks like tracking income and expenses, managing invoices and payments, and generating financial reports. Its user-friendly interface and mobile accessibility make it ideal for entrepreneurs and non-accountants. Key benefits include automated data entry, real-time financial insights, and seamless collaboration with other online tools. Popular features include inventory management, payroll integration, and tax preparation assistance. Compared to similar products, QuickBooks Online shines in ease of use and scalability, offering tiered plans with varying features and pricing. Costs typically range from monthly subscriptions based on the number of users to additional fees for payroll and advanced features.

Pros
  • Easy to use
  • Mobile access
  • Automated tasks
  • Scalable plans
  • Integrates well
Cons
  • Limited customization
  • Costly add-ons
  • Customer support
  • Reporting restrictions
  • Learning curve
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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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Product Assistance

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24/7 Live Support
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Product Insights

  • Streamline Processes: Input, revise and deliver numerous invoices, expenses, checks and bills in just a few clicks with the batch invoicing module. Users may also cut and paste invoices and data from Excel into QuickBooks. 
  • Establish Permissions: Govern who may or may not review sensitive data as well as adjust custom permissions for deposits, sales, transactions and expense reports among other things with the user permissions functionality.  
  • Diminish Errors: Alleviate hazards, modify reminders and triggers, save time and initiate prompt reminders to obtain greater cash flows with the workflows accessory. 
  • Effortlessly Restore Data: Promptly back up any changes made in QuickBooks Online in addition to reviewing version histories with all changes made in its handy time log. 
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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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  • Income and Expense Tracking: Import bank, credit card, PayPal, Square and other transactions as well as promptly sort them into the right tax categories with the income and expense tracking module. Users may also take pictures of receipts with their smartphones and link them directly to expenses. 
  • Invoicing: Trace invoice statuses, deliver payment reminders to patrons, immediately match payments to invoices, accept credit cards and complete free bank transfers directly from an invoice with the invoicing attribute. 
  • Estimations: Transform estimates into invoices, validate mobile signatures, review estimate statuses and modify estimates to align with business requirements via the estimations appliance. 
  • Reporting: Create a variety of reports, including product profit and loss, expense, balance sheet, inventory, enhanced sales, profitability and other reports, through this attribute. Users may also oversee crucial financial metrics including cash flow and revenue on one dashboard. 
  • Organize Receipts: Expeditiously arrange and associate expense receipts with transactions, keeping them all in one place. 
  • Inventory Tracking: Receive alerts when inventory is running low as well as monitor products and the cost of goods with the inventory tracking system. Users may even evaluate popular items, draft purchase orders and superintend vendors.  
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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 
read more...

Product Ranking

#1

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Accounting Software

#212

among all
Accounting Software

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Analyst Rating Summary

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Accounts Receivable
Banking and Cash Management
General Ledger and Chart of Accounts
Integration and Extensibility
Inventory Management
Accounts Payable
General Ledger and Chart of Accounts
Journal Entries
Platform Security
Tax Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

QuickBooks Online
Sage 50cloud Accounting
+ Add Product + Add Product
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 97 100 100 91 93 100 100 100 82 92 65 100 100 96 100 100 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

Great User Sentiment 9426 reviews
we're gathering data
84%
of users recommend this product

QuickBooks Online has a 'great' User Satisfaction Rating of 84% when considering 9426 user reviews from 6 recognized software review sites.

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4.8 (23)
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4.0 (2386)
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4.4 (594)
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4.3 (5581)
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4.5 (26)
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4.1 (816)
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Awards

SelectHub research analysts have evaluated QuickBooks Online and concluded it deserves the award for the Best Overall Accounting Software available today and earns best-in-class honors for Accounts Receivable, Integration and Extensibility, Inventory Management, Platform Capabilities and Reporting and Analytics.

Analysts' Pick Award
Accounts Receivable Award
Integration and Extensibility Award
Inventory Management Award
Platform Capabilities Award
Reporting and Analytics 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

Easy to use: Intuitive interface and clear navigation make it accessible for users of various accounting experience levels.
Automated tasks: Streamlines workflows by automatically importing bank transactions, categorizing expenses, creating invoices, and sending reminders.
Real-time insights: Provides up-to-date financial information through customizable dashboards and reports, enabling informed decision-making.
Mobile accessibility: Access and manage finances anytime, anywhere with the mobile app.
Scalability: Grows with your business, offering different plans with varying features to accommodate evolving needs.
Integrations: Connects seamlessly with various business tools, such as bank accounts, payment gateways, and e-commerce platforms.
Payroll: Simplifies payroll processing, including tax calculations and direct deposits.
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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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Limited customization: Lacks flexibility in customizing certain features, such as reports and chart of accounts, compared to some alternatives.
Costly add-ons: Essential features like payroll and advanced reporting often require additional fees, increasing the overall cost of ownership.
Customer support: Mixed reviews on the quality and availability of customer support, with some users reporting delays or difficulty reaching knowledgeable representatives.
Reporting restrictions: Certain financial reports and data exports have limitations, potentially requiring workarounds or manual adjustments.
Learning curve: While generally user-friendly, some features and functionalities may have a learning curve for those new to accounting software.
Occasional glitches: Users have reported occasional bugs or glitches that can disrupt workflows, requiring troubleshooting or waiting for fixes.
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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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QuickBooks Online remains a popular choice for many users, praised for its user-friendly interface and automated features. "It feels like Intuit took the complexity out of accounting and made it accessible even for someone like me with limited accounting experience," shared a small business owner. However, user reviews also highlight limitations, particularly around customization and cost. "I love the ease of use," stated a freelancer, "but the reporting options feel restrictive. I often have to export data and work with it in Excel to get the insights I need." This sentiment, coupled with complaints about the cost of add-ons like payroll, leads some users to compare QuickBooks Online to competitors. "Xero seems to offer more flexibility and advanced features," mentioned an accountant, "but the learning curve is steeper, and the monthly subscription is higher." Ultimately, the decision comes down to individual needs and priorities. For those seeking a balance of ease of use, automation, and affordability, QuickBooks Online continues to be a strong contender. However, users with more complex accounting needs or a desire for greater customization might find themselves looking towards competitors offering more robust features, even if it comes at a higher cost or with a steeper learning curve.

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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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