What’s the best bet for your business- QuickBooks or Sage?
Created#More Posted time:Jun 16, 2020 14:41 PM
With new software and updates coming up almost every day, it is fair for the user to get confused amongst what to choose and what to skip. Even amongst the flood of accounting and tax software, two that have remained the ultimate favorite of the market are QuickBooks and Sage. Today we are giving you the ultimate guide and comparison between the two so that you can have a clearer perspective.
Let’s take a deep digging into the functionalities, similarities, and differences of QuickBooks and Sage.
We will initiate with QuickBooks.
QuickBooks, developed by Intuit, is an accounting software catered towards small and medium businesses. It has grazed on top of the financial management software industry for nearly 20 years now. It’s been a cult classic for bookkeeping and organizing the accounting aspect of business ever since the turn of the Millennium.
Let us brief you on how QuickBooks works:
The main work of QuickBooks revolves around organizing a company’s financial records, business data in an orderly manner. This offers the users to easily access and process all the required information stored in its software.
QuickBooks also makes it easy to keep up with:
Benefits of Attaining QuickBooks
An industry for so long, there must surely be some good to this software. Here is an outlook of it.
The list of advantages of this software keeps going on and on. Choosing QuickBooks as your daily driving accounting software has a lot of advantages to it. As you would probably know that it is available in several versions; namely:
Sage is another accounting software that facilitates smart accounting solutions for professionals. As per a current report, it has managed to become the third-largest accounting software around the globe, with over 6 million users as of today.
Sage has its fleet of products line up, namely:
Benefits of Acquiring Sage
Tailored to the individual needs of businesses based on size and genre, Sage offers a large portfolio of solutions. Depending on which version of Sage is chosen, it can practically be used for any business task. It is an excellent option for handling basic tasks and tackling complicated financial operations with ease.
Similarities between QuickBooks and Sage
The similarities between QuickBooks and Sage limit to just about Sage 50. Beyond that, there is not much to call for similarity among the other versions. The 100, 300, and 500 versions of Sage are mainly ERP based I.E. Enterprise Resource Planning, which is a different concept from what QuickBooks works on.
Sage product line is a better fit for established and sporadically growing organizations. Most of the organizations using Sage 100 and beyond are the ones that have a dedicated financial controller or CFO (as opposed to a bookkeeper, for whom QuickBooks would be more suitable).
Unlike QuickBooks, what Sage offers is more organized and tailored to industry-specific business management needs. They are mostly in the areas of:
Irrespective of the version of Sage or QuickBooks, cloud hosting is the best way to enjoy added perks and features, such as:
Let this infographic make it even more clear for you, as to what should be your pick- Sage or QuickBooks. This can be based on the individuality of your business. Both of these have a unique set of skills and features and can be the calling of different business demographics.
So, ultimately, it’s up to the user to scrutinize the catalog of products, consider what tools are vital for the running of your business in a more efficient manner and see which option drives you to your goals faster.