Top Sage 50 Competitors:
The Best Sage 50 Alternatives for Your Business

Sage 50 (formerly known as Peachtree) is accounting software designed for small businesses that need functionalities such as accounts payable, accounts receivable, mobile invoicing, inventory, billing and payroll management.

The solution integrates with popular third-party tools, including Microsoft Excel, Word and Outlook. This means businesses can import or export Excel spreadsheets consisting of financial data such as audit trail transactions, fixed asset records etc., without any changes in the formatting and formulas. Likewise, you can record customer details simultaneously in Sage and Outlook. Furthermore, companies can use Word to create correspondence and notices for partners, customers and other stakeholders.

The key features of Sage 50 include:

  • Inventory management: Tracks orders, purchases, assembly line items and more.
  • Online payment capture: Creates mobile invoices and enables online payments.
  • Revenue management: Monitors project expenses and overall company costs. 
  • Security: Enables businesses to create user permissions and control access to critical information. 
  • Financial reporting: Offers businesses access to financial statements and balance sheets.

Sage 50 is a popular accounting solution among small companies; however, it might not have all the features you need. Some reviewers at Software Advice call it a basic accounting software with limited functionality. One reviewer writes, “It’s good for very basic accounting practice. No customization for manufacturing sector, inventory control, deposits module and basic reports. The only good thing about Sage is it creates basic financial statements.”

To help you gain a wider view of the different accounting solutions on the market, we have prepared a list of five popular alternatives to Sage 50.

(Click on a link below to jump to that section.)

Most Asked-About Sage 50 Alternatives

In this section, we have accounting products that get high search traffic alongside Sage 50.

Note: you can learn more about our Alternatives methodology here.

QuickBooks Enterprise

QuickBooks Enterprise is an accounting solution built for small and midsize companies. The solution helps companies track inventory and accounting documents, manage employee information in a central place, access financial reports and analyze data.

QuickBooks integrates with many third-party applications: Google Suite, Apple Pay, PayPal and more. Companies can use these integrations in different ways. For instance, they can automatically create invoices in QuickBooks for “billable events in Google Calendar.” Conversely, they can sync details of QuickBooks customers in their Google contact list. In addition, they can download and view Apple Pay and PayPal transactions in QuickBooks.

Reviewers on Software Advice like QuickBooks Enterprise for being a user-friendly tool. One reviewer comments:

"We found the software user-friendly and so easy to navigate. Even though I am not an accountant, I was able to understand and operate the software very comfortably." - Raj from PRIVI Organics

Some of the key capabilities of QuickBooks Enterprise are:

  • Online payment records: Enables electronic invoicing via email and automates online banking payments.
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  • Payroll management: Manages employee payments, taxes and labor law compliance.
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  • Reporting: Allows businesses to build financial reports using templates.
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  • Inventory management: Helps businesses track inventory across different locations using barcodes, bin location and serial numbers.

Xero

Xero is cloud-based accounting software for small organizations, offering applications for managing inventory, creating invoices, handling expense claims, purchase orders, bills and financial records. Additional features include multicurrency payment options, daily records of banking and credit card transactions, native mobile applications for access on-the-go and more.

Xero also offers multiple third-party integrations in its app marketplace ranging from mobile POS solutions, like Square, to CRM platforms, such as Insightly. This benefits companies that want an accounting solution that integrates with different systems.

That said, reviewers at Software Advice mention that Xero does not offer “seamless integration” with some third-party applications in its marketplace. One user writes:

“Overall, good accounting software. Some bugs with integrations with other software such as Freshbooks.” - Asma from Go Fleet

Some of the key capabilities of Xero include:

  • Invoicing: Helps companies create invoices and track online payments.
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  • Inventory: Offers inventory reports and tracks pricing of stocked items.
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  • Multicurrency: Supports and automates multicurrency transactions.
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  • Integration: Integrates with CRMs, e-commerce platforms, time tracking solutions and more.
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  • Billing and expense: Tracks overdue bills, purchase orders and receipts.

Top User-Rated Sage 50 Alternatives

In this section, you can read about three Sage 50 alternatives that have high user ratings on Software Advice.

BillQuick

BillQuick offers financial accounting applications, which enable businesses to manage accounts payable, accounts receivable, employee compensation, billing and invoicing reports.

Along with accounting, the solution’s functionalities include project management capabilities, which help businesses manage project expenses, allocate team budgets and track employee performance.

Reviewers at Software Advice comment that BillQuick has efficient invoice tracking and billing features. One user adds:

“This software has drastically decreased the time and headache of time tracking and invoicing. It is straightforward to use, user-friendly and able to generate useful reports to track efficiency and profitability.” - Derrick from SalveTECH

Here’s a brief look at BillQuick’s core features:

  • Time and expense: Calculates employee hours, manages leave and compensation.
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  • Project management: Monitors project expenses and helps with budget planning.
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  • Billing and accounts receivable: Manages billing and tracks payments on a central dashboard.
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  • Accounts payable: Records financial transactions, such as purchases and refunds.
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  • Reporting: Tracks and presents reports, including bills, invoices and other financial records.
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  • Mobile app: Enables HR professionals to track financial and project reports on mobile devices.

Adaptive Insights

Adaptive Insights is a financial accounting solution used by businesses in different industry verticals, including healthcare, manufacturing, IT and others. The accounting platform offers capabilities such as financial budgeting, planning, forecasting, reporting and analytics.

Companies can leverage the fact that Adaptive Insights integrates with different solutions, such as enterprise resource planning systems (ERP), CRM solutions and various financial accounting solutions.

Users at Software Advice appreciate Adaptive Insights for being a scalable solution. One reviewer notes:

“It is easy to use, so we don't need any expensive technical people to maintain it. Our management and finance team own the entire solution. It is also very scalable from small organizations to large multinational, multibillion dollar revenue organizations. Scalable in the context of price, performance, functionality and integration.”
- Matthew from GK Horizons

Let’s take a look at the key functionalities of Adaptive Insights:

  • Revenue management: Enables businesses to create sales plans and track incomes and expenses.
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  • Workforce management: Plans team budgets, manages employee salaries and taxes.
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  • Expense management: Forecasts expenses and helps find areas to cut costs.
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  • Capital management: Analyzes reports and helps HR professionals understand labor costs, asset depreciation and other financial metrics.
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  • Balance sheet and cash flow: Automates data-entry tasks, such as balance sheet and cash flow entries.
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  • Financial close: Tracks transactions and audits at the end of the financial cycle.

Wave

Wave is cloud-based accounting software that enables businesses to track revenue, create invoices, automate tax reports and manage employee salaries. As a cloud-based solution, it’s ideal for small businesses that need a tool they can use in multiple locations and on multiple devices.

The accounting software is designed with small organizations in mind. Its simple dashboard helps companies centrally manage their finances. Its features include bank account synchronization, invoice templates, revenue tracking and receipt management.

Most users at Software Advice like the invoicing and payment features of the solution. One reviewer mentions:

“It is so easy to use and the invoices look so professional. I also like the fact that I can link my bank accounts to it, [which] makes it easy to track what invoices I have sent, and who has paid.” - Chirag from Capsis Realty Management

Here are some of Wave’s key features:

  • Accounting: Tracks revenue and calculates taxes.
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  • Invoicing: Helps companies create invoices using premade templates.
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  • Payments: Offers a built-in online and mobile payments gateway.
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  • Payroll: Manages employee salaries, benefits and taxes.

Next Steps

While the above reviews give you an overview of the different functionalities and uses of Sage 50 and a few alternatives, there are many more solutions in the market which might be the right fit for your company.

If you want to explore more options or get detailed reviews of other accounting tools, simply call us at (844) 680-2849 and our software advisors will help you out. You can also fill out this short online questionnaire and we’ll get back to you with a list of customized recommendations.