Sage Business Cloud Accounting is feature-rich accounting software that is available on a subscription basis. Further, The software is available in two versions, one for individual users and one for teams, both of which start at $10 per month. Inventory can be tracked, and low-quantity items can be reordered with Sage Business Cloud Accounting.
Sage Business Cloud Accounting, formerly known as Sage One, was created with small business owners and freelancers in mind. This means it's not just cheap, but it also has many valuable features like invoicing, reporting, and cost monitoring. Moreover, it does all of this while remaining incredibly simple to use and set up. For these and other reasons, Sage Business Cloud Accounting is the best accounting software for freelancers and self-employed people.
Sage Business Cloud Accounting Pricing.
Sage Business Cloud Accounting's pricing is based on a monthly subscription cost, as is the case with many software packages in 2021. This eliminates the need to buy licenses, download updates, renew annual plans, and distribute limited permissions throughout your organization.
Sage Business Cloud Accounting's subscription-based strategy keeps the pricing competitive with rival accounting software platforms, and you don't have to worry regarding manually updating the latest version.
Sage Business Cloud Accounting has two plans to choose from, both of which include customer support.
- Accounting Start: Because it only costs $10 per month and allows a single user, this plan is suitable for freelancers and self-employed individuals. A bank feed, invoicing, expense management, and reporting are all included in this version. For iPhone, iPad, and Android phones, there is a mobile app.
- Accounting: This plan is best suited to firms with at least two employees who are already established. It costs $25 per month and can accommodate a large number of users and businesses. It includes all of the capabilities of the Accounting Start plan, plus bill tracking and essential inventory management, as well as the ability to make quotations, estimates, and cash flow forecasts.
Like other subscription-based software, Sage does not require long-term contracts so that you can cancel at any time without penalty. Likewise, at any time, you can upgrade your account from Start to Accounting.
Sage Business Cloud Accounting Features.
Sage Business Cloud Accounting has many features and capabilities that freelancers and small business owners will like.
- Timesaving Features: With the Accounting plan, you can generate bids, estimates, and bills directly from the software with only a few clicks. This saves you and your team time by eliminating the need to develop these documents and reports manually. You can also accept customer payments by connecting your Stripe account to Sage Business Cloud Accounting, which is convenient. You may also associate your credit card plus bank accounts to the software, which will automatically download your transaction history and allow you to reconcile accounts swiftly using the innovative bank reconciliation tool. This application automatically matches bank transactions with items generated by the software, but you can also rapidly look for and reconcile unmatched transactions. Finally, Sage's mobile app allows you to make and send invoices, take photos of receipts, track costs, and keep an eye on the health of your company's finances. This means you can keep accounting records on the road that are accurate, complete, and painless.
- Inventory Management: Sage Business Cloud Accounting can maintain inventory, reorder products, and manually alter stock levels if your company sells or tracks physical things. If you have a significant number of items, you can use a spreadsheet to bulk-import the list, saving you a lot of time entering data manually. You may also designate multiple sales prices for each item, add product descriptions, and categorize them as you see fit using the software.
- Reporting: Regardless of the business you run, thorough accounting reports are essential for a seamless tax season, attracting investors, and maintaining budget balance. Over 20 financial information, including profit and loss statements, balance sheets, trial balances, general ledgers, and ageing reports, are available in Sage Business Cloud Accounting. If you need to generate the same type of report regularly, such as quarterly self-employment tax statements, you can save it as a favourite by clicking the star icon. These reports will then be organized under the favourites tab. Quick access to various sorts of information is beneficial for firms interested in studying their accounting data since real-time data can assist you in making crucial business decisions. Sage Business Cloud Accounting is a good investment for small business owners because it allows you to generate reports and analyze data.
- Software Integrations: In the Sage Marketplace, there are about 40 integrations for Sage Business Cloud Accounting. This enables you to link Sage to various business platforms to improve the efficiency of your operations. For example, you can connect your accounting software to your point-of-sale (POS) system to automatically record and categorize transactions, saving you time and effort during financial reconciliation. You can also integrate it with your customer relationship management (CRM) systems to ensure that your clients get the most satisfactory service possible while in your care.
Sage Business Cloud Accounting Pros.
Creating an online account for Sage Business Cloud Accounting takes only a few minutes. When you create an account, you'll see a Getting Started checklist in the Summary menu that leads you through each step of getting the software up and running.
After finishing the setup procedure, you can immediately access four different menus to gain a quick snapshot of your business finances: Sales, Expenses, Cash Flow Statement, and Cash Flow Forecast. In addition, your accounting data is shown as handy graphs and charts on the various tabs, allowing you to rapidly scan the screen for an overview of your financial records.
You may tailor features to your personal preferences or business needs, providing you and your team instant access to whatever you need. Furthermore, both Sage Business Cloud Accounting plans are compatible with Windows, Apple, Android, and iOS.
Finally, Sage Business Cloud Accounting is excellent accounting software for small business owners, freelancers, and self-employed individuals. Its numerous features can assist you in quickly tracking, analyzing, and reporting financial data.
Sage Business Cloud Accounting Cons.
Although Sage Business Cloud Accounting provides a lot of great features, it does have a few flaws. For starters, the program doesn't allow you to make recurring invoices, which would be helpful for businesses that offer subscription products or services and freelancers who send clients monthly invoices.
You can't set up automated payment reminders with the software either. You do, however, have the option of sending your consumers a monthly invoice statement.
Sage also lacks the option to track billable hours and add billable expenses to invoices, which means you'll have to enter billable time and costs into invoices manually. For freelancers especially, this can be a significant inconvenience.
Finally, while the software can maintain inventories, it automatically generates purchase orders, saving time for enterprises that sell things.
While there are remedies for these flaws, and some of them may not apply to your sort of business, you should think about your business operations, needs, and financial habits before selecting accounting software. On the plus side, Sage's large user community can assist you in getting around the software's most prevalent constraints.
Customer Support.
The Sage Business Cloud Accounting website includes several resources to assist you in resolving an issue, learning how to use the system, and getting general advice. In addition, a blog, community forum, knowledgebase, and how-to videos are available on the website to help you navigate any problem.
Sage University also offers training classes to help you have a better understanding of your company's finances. In addition, customer care is provided via email, live chat, phone, and a support ticket system for more direct assistance.
