QuickBooks vs Sage
While you work toward building up or growing your business, it’s easy to get a little overwhelmed by all of the weeds you have to sort through, especially those relating to your financial-related practices.
Luckily, there are different types of financial and enterprise resource planning (ERP) software options out there to help streamline your bookkeeping, accounting, and overall business management processes. But, which is right for you? Which will help support you in the areas you need?
Although we can’t answer those questions for you, we can give insight into the most popular software options: QuickBooks vs Sage.
What is QuickBooks? Intuit QuickBooks is a business accounting platform that has ruled the financial management software industry over the 20 years – it’s been a go-to classic for keeping books straight and businesses organized since the turn of the New Millennium.
So… How does QuickBooks work? QuickBooks takes your financial records, reports, business data, etc. and organizes them for you so all of this information is easier to digest, study and manage. It also allows you to easily keep up with payroll and other financial aspects of your business, like sales, expenses, and purchases. This software is an ideal solution for people who need a management tool to help them run their small to mid-sized businesses more easily and efficiently.
There are numerous advantages to choosing QuickBooks as your go-to accounting software. As you’d guess, the features and benefits you’ll experience vary depending on the edition of QuickBooks you choose to work in. However, no matter the version you go with it, you’ll discover it’s easy to use and there are a few universal perks, like financial reporting, money management, billing and invoicing capabilities and more.
What is a Sage System?
Sage is accounting software that facilitates, organizes and simplifies a variety of accounting tasks. Over the last 20+ years, Sage has become the third-largest accounting software worldwide for financial management and boasts over six million users today.
Generally, Sage is a superb tool for creating financial reports, record keeping and overall business management. Sage offers a little something for every company, no matter the size or industry, which are available at a variety of price points. After you move past Sage 50, other products in its extensive catalog differ greatly in their capabilities since these solutions are more customized. Depending on which version of this software you choose, Sage can be used for virtually anything – from handling easy jobs to managing more complicated financial systems and practices.
Sage vs QuickBooks
TL;DR: In short, QuickBooks is generally better for small to mid-sized businesses (SMBs) that use bookkeepers. Sage, on the other hand, is typically suited for larger companies with a Controller or CFO who need more industry-tailored features.
Similarities
QuickBooks and Sage both offer entry-level solutions for small businesses that are affordable and easy to use.
The most comparable solution to QuickBooks in Sage’s portfolio is Sage 50cloud, formerly known as Peachtree. Retail pricing for the most affordable option, Sage 50cloud Pro Accounting, currently starts just under $500/year, making it the most similar price point to QuickBooks that Sage offers.
Like most of the QuickBooks editions, the majority of the Sage ERP products are not inherently cloud-based but can be run from the cloud in a hosted environment through third-party hosting.
Both have large ecosystems of third-party integrated solutions such as Expense Management, AP Automation, and Payments, to name just a few.
Differences
There are significant differences between Sage and QuickBooks. Beyond Sage 50cloud, that’s where many of the similarities stop. That’s where you see the products being a better fit for established, growing organizations. Many of the companies using Sage products 100 and up have a dedicated Controller or CFO (as opposed to a bookkeeper, which is more common for QuickBooks users).
Also, unlike QuickBooks, Sage offers more tailored industry-specific business management options, like Construction and Real Estate, Manufacturing, Wholesale Distribution, etc.
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