sage business cloud accountingTo give you an insight into what it can offer to your business, here are the pros and cons of Sage Business Cloud Accounting.

As you explore different accounting software options on the market, there’s no doubt you’ll come across Sage accounting. A provider of accounting platforms and business tools, Sage is known for offering a variety of different products to accommodate businesses of all shapes and sizes. Like every other software option, however, it doesn’t come without its limitations.

Hit the ground running with Sage

Sage Business Cloud Accounting (previously known as Sage One) is a cloud-based accounting system specifically geared towards the needs of small- to medium-sized corporations.

With many of the features already set up ready for the user, Sage aims to help businesses hit the ground running when it comes to expense management, accounting, compliance management, and project accounting processes.

On the other hand, however, it has also been described as a system that is overly complex and difficult to use. To see if it can save you time or result in more hassle than it’s worth, here are the pros and cons of Sage.

Pros of using Sage

  • Cloud-based so no downloads or installation required.
  • Offers a free trial or demo before buying.
  • Provides a very in-depth reporting function (e.g. monthly, quarterly, and annual financial reports such as balance sheets, income statements, and cash flow statements. It can also produce comparison financial statements comparing two different time periods).
  • Provides a very strong inventory reporting function.
  • Offers multiple customisation opportunities (e.g. an organization can customize the information that it collects from customers, vendors, and employees. Other features include being able to create an Accounts Receivable invoice or an Accounts Payable invoice to use 90% of the time, being able to alter the A/R and/or A/P invoice for a specific customer or vendor when it is required, and you can create levels of security for individuals in an organization).
  • Offers capabilities for budgeting or cash flow forecasting, job costing, auditing, and automated workflows, as well as industry-specific features.
  • Users can access their accounting data in one dashboard and it is easy to switch between multiple companies.
  • Can run multiple reports and link your credit cards and bank accounts with the software.
  • Can make and reconcile invoices on the go using your mobile devices.
  • Easy integration with third-party apps and plugins.
  • Helpful information to guide you on how to use Sage Business Cloud Accounting is available on their website.
  • Can be accessed from any device with an active Internet connection
  • Saves you time and money.

Cons of using Sage

  • Very difficult and time-consuming to set up. Each business needs to find a Sage expert to get the most out of the programme.
  • Not easy to use so staff will need training. Users that are not accountants tend to have a hard time navigating the system.
  • A lot of the features are over-complicated.
  • The homepage can become cluttered, making the system seem imposing, if not customised.
  • Lack of Efficiency when it comes to Journal Entry.
  • Security concerns as financial data are stored within the cloud.
  • Costly and geared towards larger businesses.
  • Lack of documentation and support.
  • Poor customer service (takes time and can be met with unhelpful advisors).

Consider all the pros and cons of Sage

It may have all the bells and whistles when it comes to accounting and more but the expense can be too much for some; make sure you consider all the pros and cons of Sage before deciding to invest in it. At the end of the day, the right business accounting software for you will be the one that best meets both your needs and your budget so it needs to be carefully considered.

To make sure that you choose the right software for you, always speak with your accountant and/or a Sage expert to evaluate your suitability for the application first. Only when you do this can you invest with realistic expectations and get the best return on investment.

Need help choosing the right software for you?

Goringe Accountants can help you evaluate whether Sage is for your business or not. If not, we are also QuickBooks ProAdvisors and have an in-depth knowledge of Xero so we can make sure you make the best decisions for your needs.