Sage 50cloud – new updates and latest features

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Sage 50cloud, or ‘Line 50’ as it was called for many years, was the mainstay of bookkeeping for small businesses in the UK for decades.  It was the undisputed number one, and remained relatively unchanged for many years.

But over the last few years the landscape has changed significantly.  The traditional Sage software solution has been overtaken by new rivals such as Xero and Quickbooks Online, and in recent times we find that many UK companies have moved away from the product they had used for so long.

It’s easy to see why.  Xero, which was founded in 2006 and now has over 2 million subscribers worldwide, uses the very latest pure cloud technology.  It can be accessed by an unlimited number of users, from any device at any location with internet access.  It links directly to countless apps and allows features such as automated invoice capture and cashflow forecasting to be seamlessly integrated.  It has direct bank and credit card feeds to automate the bank reconciliation process, and has an element of machine learning to increase efficiency.

None of these features were available with the traditional Sage solution, but things have started to change…

In the latest version of Sage 50cloud, a number of new features are now available and for some businesses this could allow them to keep the software that they are familiar with, but take advantage of some cutting edge technology.

Here’s a brief summary of what Sage 50cloud can now offer:

  • Direct bank feeds to download transactions straight into Sage.
  • Automatic filing of MTD VAT Returns with HMRC.
  • Automatic payment collection using Direct Debit from GoCardless.
  • A simple ‘Pay Now’ button that allows customers to pay with one click using Stripe, PayPal or Sage Pay.
  • Customisable reporting – an improvement to the standard Sage P&L and balance sheet reports.
  • Online webchat and e-mail support.
  • Remote access via ‘Sage Drive’ – this is not a pure cloud solution, but can be accessed from any location with internet access to log into the desktop software.

Sage 50cloud has also developed the ‘Sage Marketplace’ which is an online community of connected apps to improve the efficiency of bookkeeping and accounting.  Below are some examples of the available apps:

  • Receipt Bank – an automated invoice capture and optical recognition system.
  • Shopfront – a comprehensive e-commerce platform.
  • Paperless Software – to automate document management.
  • Tradebox One – allows online retailers to co-ordinate with eBay and Amazon.
  • Stripe – automated ‘one click’ payments from customers.
  • Selenity Expenses – a GPS mileage tracker and expenses app.

So, we can see that Sage has made some major advances to keep pace with emerging cloud technology.  Sage 50cloud remains a desktop solution, with a limit of 25 users, but for those businesses that are keen to stay with the software that they are familiar with, these recent improvements could make a real difference.

For more information please contact Gareth Cliffe on g.cliffe@uhy-uk.com or 0161 236 6936.

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