Total Finance rethink
June 06, 2024

Total Finance rethink

Georgina Hurndall | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Software Version

Sage 50 Complete Accounting

Overall Satisfaction with Sage 50cloud Accounting

Used on a daily basis for all aspects of financial tasks from processing purchase invoices to recording sales invoices and cashflow.
Has greatly reduced the time spent in processing purchase invoices and reporting is accurate for project spend.
CIS element is a god-send and so user-friendly.
Sage Payroll has saved at least 4 hours per week.

Pros

  • Project reporting
  • Bank reconciliations
  • Cashflow

Cons

  • CIS remittances - show tax deducted
  • Payroll job specific costings
  • Reduced man hours for payroll processing - at least 4 hours per week
  • reduced man hours for processing purchase invoices
  • CIS monthly returns taking an hour rather than 3 as previously

Do you think Sage 50cloud Accounting delivers good value for the price?

Yes

Are you happy with Sage 50cloud Accounting's feature set?

Yes

Did Sage 50cloud Accounting live up to sales and marketing promises?

Yes

Did implementation of Sage 50cloud Accounting go as expected?

Yes

Would you buy Sage 50cloud Accounting again?

Yes

Inputting of large quantity of supplier invoices - F6 function is great!
Bank reconciliation - easy to follow and match entries. Reporting is good for showing any missed payments/unreconciled entries

CIS Element - could be geared more to Subcontractor in terms of reporting Tax deducted on Remittances

Sage 50cloud Accounting Feature Ratings

9.0
Accounts payable
10
Accounts receivable
10
Cash management
8
Bank reconciliation
10
Expense management
10
Time tracking
8
Fixed asset management
5
Multi-division support
9
Regulations compliance
9
Electronic tax filing
10
Intercompany Accounting
9
Journals and Reconciliations
10
Inventory Management ()
Not Rated
6.5
Pricing
6
Order entry
7
8.3
Pay calculation
10
Benefit plan administration
9
Direct deposit files
6
7.0
Dashboards
8
Standard reports
9
Custom reports
4
Customization ()
Not Rated
10.0
Role-based user permissions
10

Using Sage 50cloud Accounting

3 - Finance and Administration
1 - Thorough hands-on experience
Basic bookkeeping awareness
  • Reduction in processing times
  • Ease of reporting
  • Excellent Customer Support

Using Sage 50cloud Accounting

Easy to enter purchase invoices and sales invoices

CIS Element - could be improved
ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
Familiar
None
  • Processing of purchase invoices
  • Bank Reconciliation
  • VAT reconciliation and submission
  • Assigning labour costs to specific projects
Yes, but I don't use it

Comments

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