Can someone please point out the main differences between Sage One software
when compared against Sage 50 please as I've never worked on it.
I've been asked to work on the P/L side only... to post invoices, receipts, payments, rec the bank, process VAT return and produce the usual month end reports
(TB, P&L & B/S).
Any information would be most appreciated, thank you.
I've not come across Sage One, but most Sage products are very similar. I would agree with Amanda. It is nice to see Sage arriving as a web based product though.
Sorry for the delay in replying, but I've only just seen this post. As Amanda pointed out, Sage One is an online accounting solution. It is designed for micro businesses, pretty much one man bands. There are two products, a very basic cash book and a slightly more advanced Sage One accounts. It is very easy to use, but is very different to Sage 50, there are no comparisons really. Sage One is easy to use and provides basic reports, there is a 24/7 helpline which is very useful, just in case you have any problems. It is paid for on a monthly subscription, often done through your accountant. There is an Accountant Edition, which means that they can access your data and make amendments or post entries when required. It is a low cost accounting solution for small businesses. It can be used on Apple devices, which is something that Sage 50 cannot do (unless you use Sage 50 Mobile with Sage 50 2013). You can get a 30 day free trial and test it for yourself. There is also a payroll solution with Sage One.
Sage 50 on the other hand is much more detailed and is a desktop solution. There is the option to use Sage 50 mobile which is an Iphone app which can be used to download your accounts and view them. It is also much more expensive with Sage Cover costing an additional amount in order to have technical help, should you need it. There are however much more reporting options and functionality with Sage 50 (as I've said before they shouldn't really be compared as they are poles apart in terms of functionality). Sage 50 includes, stock control, sales order processing, purchase order processing, projects etc - depending on the level of Sage 50 you choose.
If you want something pretty simple, ie, post purchase invoices, reconcile the bank, complete VAT returns and produce simple Profit and Loss and Balance Sheets, and to produce nice invoices which can be emailed to clients, then Sage One is your best bet.
Hope this is ok, apologies for the quick resume, but any more info required, I can help....
Jane
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Author of Sage 50 Accounts For Dummies, Sage One for Dummies and Bookkeeping for Dummies
Thank you for your comments, and thank you Jane for your reply...
Apologies for my delay in replying... I have been busy working for the said client and went out and bought your book Jane! The book is proving extremely helpful... although I still need to familiarise myself with the software in respect to way I've been asked to do.
Sage One is as you say is completely diferent to Sage 50 in the way that you navigate around it and to me it seems in trying to be simpler (Sage aiming it at novices) it actually makes things harder!?!
I'm taking over the P/L only (from someone else) and to me the business (Ltd Company)) already seems too big for this package?! Despite trying to plug Sage 50 the MD likes the fact Sage One is web based.
What I'm still trying to organise are the staff expense accounts... Each member of staff has a company credit card (6 people in total). Each credit card is set up as a 'bank account'. When posting the receipts I'm entering them as 'other expenses'... As we live in the 'real world'... some receipts are missing... so where do I post the difference!?! I think I'm over thinking... or I'm confused!?! Please could you advise?
Just to add to the fun there are two business current accounts... one all payments are paid out from and the second account is only used to pay in to (as it's more convenient) and then a transfer is arranged from this account to the other account from which the credit card statement amounts are paid from!!!
Purchase invoice are entered via 'Purchase Invoice'... of which I found some posted previously incorrectly so the edit feature proved handy.
The sales figures are entered on to Sage via 'other income' (the figure from fast pay (via ebillz) from the bank statement which is VAT inclusive).
I'm wanting to try and 'streamline' the system overall so any tips there with regard to the credit cards etc would be very welcome.
