Sage 50 is an accounting software program that is primarily used as a Cloud-based accounting program with its latest version. The program was once known as Peachtree and is geared primarily toward small to medium sized businesses. There are three main versions of the software program offered.
The basic version of Sage 50 is called Sage 50 Pro. The program provides a license for just one user and offers access to essential accounting functions. With this version of the program, users can manage their accounts payable by writing checks, paying pills and processing purchase orders. The program also provides accounts receivable functionality with quotes, invoicing, payment processing and sales orders. Cash management functions like bank account reconciliation and reporting functions are also included.
The mid-range version of Sage 50 is called Sage 50 Premium. This program provides access for one to five users and has all of the features found in Sage 50 Pro. In addition, Sage 50 Premium provides access to advanced accounting features. Many tasks can be automated with this version of the program. The program also provides audit trail assistance, budgeting modules and change order processing. A customer management center and inventory and services management center are also provided in the mid-range version of Sage 50.
The highest priced, full version of Sage 50 is Sage 50 Quantum, which provides licenses for three to 40 users. This program gives users access to everything in Sage 50 Premium as well as in-depth accounting features like workflow management and industry-specific modules and management centers.