The Sage 50 offers a variety of accounting software and Comparison among them is obvious, which are among the list of top business software available in the market. What makes Sage 50 the best is a wide variety of features specifically focused on automating the working of any organization, which are available at affordable prices. However, with the availability of so many products, the user often gets disconcerted to determine the right products for their business. Two of the major products among which the choice of the users oscillates are Sage 50 Premium and Sage 50 Quantum.
So, here we will discuss various features of Sage 50 Premium and Sage 50 Quantum and list major differences between the two editions of Sage 50 accounting solutions. Based on that, you can decide which is the right product for you. Therefore, read the article further to get more information on Sage 50 Accounting and Sage 50 Quantum.
Which one is a better Edition of Sage 50 Accounting: Premium or Quantum
While talking about features in Sage Version comparison, the Sage 50 Quantum has a variety of features that users cannot find in any other version of Sage 50. However, while talking about other parameters like budget user requirements, not everyone needs to opt for the Quantum version of Sage 50 accounting. While Sage 50 Quantum 2023 is a powerful tool, it doesn’t come under the budget range of many organizations, and also, not all the features are necessary or utilized by the company.
A comparison of various features between Sage 50 Premium Accounting and Quantum has been listed below:
Number of Users: The premium version of Sage 50 accounting offers accessibility to up to 4 users. Options are available for the user to opt for two users or 4. On the other hand, the Quantum edition of the Sage 50 can support up to 40 users at once. However, the pricing of this one is around four times that of the Sage 50 premium.
User Interface: Both the prime versions of Sage 50 offer a customizable dashboard through which users can easily navigate and get the desired option in front of them. Users have the option to create as many tabs as they want. Easy access is available to the user for crucial information like customer, vendor, inventory, and GL information.
Inventory Management: The most important attribute that needs to be present in any business software is the easy option to manage and track inventory. While the Sage 50 Pro and Premium options to easily track inventory are available, the Sage 50 Quantum 2023 makes it easier with Inventory tracking through serial numbers.
Budgeting: Advanced budgeting features are available in both Sage 50 Premium and Sage 50 Quantum, which are far superior to the standard budgeting feature of Sage 50 Accounting Pro.
Multi-Currency and Multi-User: In the case of multi-currency transactions, up to two accounts can created with the Pro version of Sage 50. However, both the premium and quantum offer to create unlimited accounts. While no options for multi-user is available in Sage 50 Accounting Pro, the Premium and the Quantum offers the amenity of up to 4 and 10 multiusers, respectively.
Salient Features of Sage 50 Quantum Accounting 2023
Some of the unique, distinctive attributes that Sage 50 offers, which are absent in both the premium and the pro versions, are as follows:
Smart Posting: The quantum version of the Sage 50 accounting application offers the amenity of smart posting. Through this, the transaction will be saved and then posted. This helps the user to complete their work while the posting process is done in the background. Users through the Sage 50 Quantum can easily check for any unposted transaction through the Smart Post Manager. Along with Smart Posting, the option of real-time and batch posting is also available for the users.
Job Navigation and Project Management Center: Different customization options are available for the users through which they can get instant access to transactions and other job-related tasks.
Quantity Discounts: Through this feature available in Sage 50 Quantum, users can easily set any number of discount tables they want. Through this, users can easily set up discounts on the basis of the sold item number and further create new discounts.
Work Tickets: Quantum work tickets can be used in order to track the finished items. Through the work ticket, the cost of production for any finished item can be determined.
Order Process Workflow: The workflow process in Sage 50 Quantum helps the user to track sale and purchase transaction status. While using the process workflow, users need to assign a default user to each status so that once the status changes, it will be re-assigned to the correct person.
Role-Based Security: Another feature of the Quantum version of the Sage 50 lets you assign role or job to the user.
Can I Migrate from Sage Quantum to Premium
The process to migrate from Sage 50 Accounting Quantum to Premium is termed downgrading. This is a common option considered by many users of Sage 50 accounting applications who found Sage 50 Quantum to be expensive or comprised of so many features that they do not find useful. Downgrading from Sage Quantum to Premium or migrating from one version of Sage 50 accounting can be necessary sometimes, as company files do not open in the upgraded version.
This company cannot be opened in Sage 50 Premium/Complete/Pro Accounting because it is from Sage 50 Quamtum/Premium/Complete Accounting.
How users are advised not to downgrade if they are utilizing any features specific to their current Sage 50 accounting version.
Below, we have listed some of the features that are available in Sage 50 Quantum Accounting 2023 and Premium
Sage 50 Quantum
Sage 50 Premium Accounting
Data Migration: While Migrating from one version of Sage 50 to another, users need to convert the old version of the Sage data to the current version to which they are migrating to. Following are the steps to convert the Sage data:
- Open the Sage 50 application in your system and select the already existing company.
- Choose the company data files and hit OK. After that, you can easily locate the Data conversion window on which you need to click Next.
- Confirm the company name whose files you want to convert, after which you need to click “Next.”
- New window will appear on the screen titled “Backup Existing Information,” on which you need to Back Up Button and then hit “Save.” This will save a backup. Now, click on Next.
- This will start the Data Conversion Process, which might take some time, depending on the size of the file. Make sure there is no interruption during the data conversion, which might create a possibility of corrupt data.
- Once it has finished, a notification will appear on the screen. Hit the option “finish.”
Sage 50 Accounting Price Comparision
The major factor that distinguishes various versions of Sage 50 accounting is the pricing on the basis of which many users decide which one to pick. While the annual charges prices of Sage 50 accounting Premium and Pro come under the budget of USD 1000 (USD 639 &USD 942), the annual subscription might charge you USD 4443.
Minimum System Specifications to Install Sage 50 Accounting
While both Sage 50 Quantum and Sage 50 Premium are powerful business software, running them might require some technical specifications that your system needs to have.
Following are technical requirements for both Sage 50 Quantum and Sage 50 Premium Accounting:
Sage 50 Premium-Minimum Requirements
Sage 50 Quantum-System Specifications
Summing It Up
The Sage 50 accounting application offers various variations to the user from which they can select the right products based on their needs. Among them, the Quantum is the most advanced and powerful tool that Sage 50 can provide with highlighting features like 40 users access, smart posting, work tickets, and Job Navigation. After Sage 50 Quantum comes the premium which has limited features but comes under the requirements and budget of many businesses. While one is the best available version, another one is affordable. Thus, based on the details given above and your needs for running your business, decide the right produc
Frequently Ask Questions (FAQs)
The Quantum version of the Sage 50 accounting offers a plethora of features that make it far superior to any other available variation. However, not all the features available in this one are utilized by the user along with that, the cost difference is pretty high. Therefore, the user with budget limitations can opt for Sage 50 Premium.
Users can easily migrate from one version of Sage 50 to another. Based on your current and new version, the process of migration can be referred to as upgrade and downgrade. Also, you need to make sure, for data conversion, that there is a need to migrate from one version of Sage to another.
The Sage 50 accounting application offers three variations, which are Pro, Premium, and Quantum. While Pro is the most affordable and convenient one, the Quantum version offers many features with advanced functionality.
With Sage 50 Premium, 1-5 users can utilize the application. With Quantum, around 40 users are there.
All the versions of Sage 50 accounting are cloud-based applications.