No matter whether you’re a small business owner or a large one, you need to manage your bookkeeping and accounting processes properly to keep your finances in order. Fortunately, there are numerous accounting software available in the market to make things easy for you. Amongst them, Sage and Quickbooks come top of the list. These software can help you to organise and automate your accounting and bookkeeping tasks saving your time and structuring your finances in the best shape.
These two are great small business accounting software but do you know what software to choose between Sage vs QuickBooks? How will you determine which one suits your business’s needs the best?
To get the answer, read this short post where we’re going to compare Sage vs QuickBooks. We’ll look at their offers, features, price and benefits to help you make the best decision as per your business needs.
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Sage Accounting Software: Overview
Founded in 1981, Sage accounting software organises and simplifies a wide range of accounting tasks for you. It is the third-largest accounting software for financial management and is used by over six million people worldwide. This tool offers a wide range of features for almost all types of businesses. Depending on your business needs, it can handle both simple and complicated financial tasks.
This software is best for:
- preparing financial reports
- keeping records
- the overall management of the business
This software offers two plans: Sage Business Cloud Accounting Start and Sage Business Cloud Accounting. These are web-based and you can access them via your smartphone, tablet and desktop. In addition to bank-level security and compliance, it offers customer support, via phone email and chat.
Sage offers a free trial for 5 months. After completing the trial, you need to pay £12 for the basic package, the standard package will cost you £24 and its plus package is for £30 only.
Sage is advanced software than Quickbooks and it has great features beyond bookkeeping. It is beneficial for:
- Tracking expenses
- Personalizing invoices and quotes
- Working with multiple people on a single project
- Managing cloud-based projects
- Accounting and project management services
It also has some drawbacks:
- Not user friendly as others
- Difficult to set up and incorporate
QuickBooks Accounting Software: Overview
Quickbooks is ruling the financial management industry for two decades. Whether you’re a sole trader, startup, bookkeeper or accountant, QuickBooks will serve your business needs at their best. With this accounting software, you can automate your books, track your financial health, submit taxes and can manage your payroll. It is easy to use and the information it provides is easy to understand, study and manage.
There are different benefits and features available as per the edition of software available. It is generally used for:
- tax filing
- budgeting and so on.
With this software, you can get 75% off for all the packages for 4 months. Its basic package will cost you only £3 per month, essentials package cost around £5 and its plus package cost you £ 7.5.
These are the pros of Quickbooks:
- Efficient and easy to use
- Flexible with third-party applications
- Good accounting and bookkeeping tool
- Cloud support option
- Money management and financial reporting features
- Automatic synchronization with bank accounts
These are the cons of QuickBooks:
- Crashes occasionally
- Lacks certain key reports and important features
- Issues of file sizing
- Limited user allowed
- Limited options to personalise
Sage vs QuickBooks: Differences
Here are some of the major differences between the two software:
- Sage is suitable for large companies, whereas Quickbooks is best for small or medium-sized businesses
- Sage is advanced and offers features for HR, inventory and stock management, whereas Quickbooks is basic accounting and bookkeeping tool
- Sage is better for manufacturing and non-profit industries, whereas Quickbooks is best for individuals, freelancers that are not VAT registered
Quick Sum Up
After comparing Sage vs QuickBooks, we can conclude that both options are good. However, choosing the one between the two depends on your personal circumstances and business needs. Sage is comparatively advanced that suits enterprise-level businesses and is more costly than QuickBooks. So, it is suitable for larger businesses. On the other hand, if you own a small business with limited needs, Quickbooks can be the best solution for you. This software is a better and cheaper option for individuals, freelancers, sole traders and small businesses.
Disclaimer: This blog provides general information on the above topic.