Building up a business can be extremely challenging and an overwhelming task, particularly when it comes to managing finances. Fortunately, there are numerous business tools and enterprise resource planning software to streamline your accounting and financial management processes.
Specifically, QuickBooks and Sage are two of the most popular business management services that can help you successfully manage your financial operations. But which is right for your business? Which software should you buy? Let’s discuss each option in detail to help you make the right call:
QuickBooks is an accounting software package geared mainly toward SMEs to perform accounting applications, such as business payments, payroll functions, and bill management. QuickBooks also has as cloud-based versions that enable seamless accounting operations in real-time. It helps businesses avoid depending solely on an accountant and provide a comprehensive overview of the financial standing of the company.
Here are some key benefits of QuickBooks:
QuickBooks contains a variety of bookkeeping tools, including payroll management and financial management modules, which allow easy management of financial processes.
The sync feature connects bank accounts and credit card accounts directly to the system, enabling transactions made in the business accounts automatically reflect in QuickBooks.
QuickBooks is scalable and comes with a basic plan with minimal features that can be enhanced with more features to meet the specific needs of a business.
Sage is mainly a project management tool that comes with some basic bookkeeping features. It’s a great choice for business management but isn’t equipped to handle accounting and bookkeeping functions like QuickBooks. The easy-to-use features allow teams to collaborate and share files, helping them to work on real-time data.
Here are some key benefits of Sage:
Cloud-based project management: Teams can collaborate and work simultaneously on a project using a Cloud-based feature, which helps to maximize productivity.
Generate high-quality invoices: Using Sage One, businesses can print unlimited invoices and quotes with the business’s logo, which looks very clear and professional.
Unlimited collaborators: Sage One (higher-level plan) don’t put restrictions on the number of collaborators that can work on a single project, allowing effective handling of large projects.
The basic plan of the QuickBooks starts at $10/mo. and goes all the way up to $150/mo. (50% off for 3 months*). Sage offers two packages, basic at $5/mo. and advanced at $25/mo. In terms of pricing, both options are very competitive, allowing access at a low price point.
QuickBooks and Sage are compatible with mobile devices. They support both iOS and Android devices. From expense tracking to project collaboration, the apps allow to perform virtually any task that can be completed in the desktop software
Both companies offer a 30-day free trial period, but there’s a difference. Sage allows users to test the software without asking for credit card details Conversely, QuickBooks requires credit card data. Once a trial period is expired, the account will be charged as per the subscribed package.
Bank account sync
QuickBooks allows businesses to link bank accounts and credit card accounts, which are automatically synced across the software. Sage also allows businesses to add bank accounts to the software but doesn’t synchronize the transactions automatically.
What’s the Right Choice for Your Business?
Every business is different with unique requirements, hence there’s no one right answer to this question. Both options help businesses tremendously to manage their business functions in their own ways. It’s also important to consider the tools required to carry out the operations of your business more efficiently to evaluate which software will provide better value.
For instance, if you have teams that often need to collaborate on projects, Sage is a great tool that allows them to work in real-time and work more efficiently. Similarly, if you want to streamline the bookkeeping operations of your business, investing in QuickBooks makes more sense and will provide a better return on investment (ROI).
When contrasting between QuickBooks and Sage, it’s critical to take extra services offered by the two platforms into consideration. Both services overlap in many categories, but ultimately, help your business grow in different ways.
What should you do?
The best way to determine whether your business should purchase QuickBooks or Sage is hiring professional consultant services from a reputable cloud hosting service provider. They will reliably assess your business needs and help you determine which options are right for your business.
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