Sage Accounting Software Review (2022) – Forbes Advisor


With Sage accounting software, you’ll take control of accounting and invoicing processes, improving your cash flow and helping you get paid faster on one platform.

Pricing

Sage Accounting software runs two monthly subscription plans and allows you to cancel at any time. You can also upgrade your account and take advantage of the 30-day free trial.

  • Sage Accounting Get started: Supports single user and costs $10 per month. It includes features like invoice creation and tracking, automatic bank reconciliation, online card payments, and financial reporting, which you can access through a web and mobile app.
  • Sage Accounting: Supports multiple users and costs $25 per month, but you’ll get 70% off your first six months, so it costs $7.50 per month. This plan offers all the features of Accounting Start plus invoice tracking, inventory management, quote creation, cash forecasting, and invoice management. You can also take photos and post receipts for free for your first three months.

Features

Below are the accounting features available on Sage Accounting.

Invoice management

With Sage accounting, you can create invoices, send them to customers, and track payments. The accounting software further integrates with Stripe to allow customers to choose their preferred payment methods. These payments sync with your bank accounts and allow you to accept card payments from anywhere and keep your financial records in one place.

You’ll see invoices sent and pending payments, including those that are overdue. Sage Accounting allows users to view selected billing periods and automate payment advice so you can get paid faster and gain insight into costs and profit margins. Moreover, editable invoice templates are available for you.

Bill payments

Sage Accounting has Accounts Receivable (A/R) and Accounts Payable (A/P) features, showing you how much you owe suppliers and how much customers owe you. Automated A/R software creates and sends invoices and tracks payments to keep your cash flow organized. You’ll get auto-generated reports showing which customers owe you, how much they owe you, how long they owe you, and sales invoice due dates.

The accounting software’s automated A/P feature keeps you on top of what you owe, who you owe, and when your payments are due. You can manage each vendor’s credit terms and limits and categorize pending payments, so you don’t miss a thing.

Inventory tracking

Sage Accounting offers an inventory tracking feature to give you a real-time view of your inventory levels. It lets you upload your products and organize them into categories, which is good for faster inventory management, especially if you are a product-based business.

You’ll track product quantities, set minimum reorder levels, and receive out-of-stock notifications so you can know which of your products are selling best and what you need to restock.

Company reports

Sage Accounting gets all financial reports, including cash flow statements, balance sheet data, profit analysis, sales tax reports, and 1099 vendor reports, ready for you in real time. Knowing past and current trends in your business performance will help you make better business decisions needed to grow your business.

You can share reports with your team or interested investors and use them for tax purposes. Additionally, the accounting software allows businesses to categorize reports and export them into CSV (comma separated values) files, PDF files, and Excel spreadsheets without altering the original document formats.

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