When working on building or growing up a business, at some point you will most likely need accounting services. Although there is always the conventional way (working directly with an accountant), there is also the choice to work with a software that will not only help you save money, but also time. There are many companies that offer financial planning software options for you and your business. For example, QuickBooks and Sage (that in Canada used to be called Simply Accounting).
These will help you streamline your accounting, bookkeeping and overall business management processes. They are designed to keep your business, organization or company running smoothly; without mistakes, delays or lack of insight into your business future. But, which one is better for your business? Which one will support you in all the specific areas you need? Keep on reading to find out.
QuickBooks is a cloud accounting software that will take care of your reports, financial records, business data, etc. It organizes all of your documents, records, invoices and other documents for you. This will make all the information much easier to manage. QuickBooks provides you with some serious powerful bookkeeping and accounting tools. Choosing QuickBooks as your go-to accounting software has some great benefits. But the benefits and features that you will enjoy are different for different editions of QuickBooks. No matter which edition of QuickBooks you decide to work with, you should find it easy to use; this software is really intuitive.
Simply Accounting by Sage.
It is very important to say that Simply Accounting is wath used to be the Canadian version of Sage 50 Accounting (which is now Sage 50cloud Accounting). However, as of 2011, Sage decided to re-brand some of its products. So, what used to be known as Simply Accounting, is now known as Sage 50cloud Accounting. In short, Sage 50cloud Accounting is, as QuickBooks, an accounting software. It will help you organize and simplify many accounting tasks that are very important to keep your business on track. At this moment, Sage is the third largest accounting software for business and financial management with over 6 million users. Sage is a great tool for creating financial reports, keeping records and everything business management related. All kinds of businesses can use Sage, no matter the size or line it follows. Sage has a large portfolio of solutions, everything from easy jobs to complex financial practices and systems.
Sage 50cloud Accounting
|Maximum number of user||5 users plus one accountant||On the other hand, Sage 50cloud Accounting allows up to 4 users.|
|Pricing||From $10 up to $50 CAD per month depending on which plan you decide to purchase.||Pricing goes from $51.67 and up to $75/ mo CAD depending on your businesses needs and your software’s add-ons.|
|Is there a free trial?||Yes, there is a free 30 day trial.||Yes, although it is not available for every product. When available, it is also a free 30 day trial.|
|Features||General accounting, profits, expenses and sales tracking, taxes, bills payments, inventory tracking, purchase orders creation, profitability tracking, amongst others.||Financial reports creating, cash flow managing, record keeping, invoices creation, debt tracking, inventory, etc.|