Sage 50

The next era of Sage UBS, offering simple billing to full accounting and inventory management features.

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Sage UBS

The most popular accounting software in Malaysia, Brunei, Singapore and other ASEAN countries..

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Sage Payroll

Offering easy,accurate and secure payroll processing and HR features via pre-determined...

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Sage EasyPay

Design to empower the workforce to succeed  by optimizing HR process in real-time. 

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SAGE COVER

Sage Cover is designed to help run the business more efficiently, effectively and with more confidence.

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Sage Training Centre

Conducted by qualified trainers who would give the attendees the best way administer their Sage.

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It is the epic battle, the up-and-coming vs. the mature; the growing vs. the seasoned. Sage 50 against the Sage UBS. Both products from Sage with slightly different attitudes and DNA but both market leaders in their own right. There is something for everyone as every business have their own requirements and preference. This on-going detailed review will give insight to our customers as well as a reference point on which would be the best option for each person. Some useful guidelines.

1. Understand your requirements. Knowing clearly what you would like to achieve and understanding what conditions are negotiable and not are important guidelines in searching for the best product that suits you. Never try to fit a square peg into a round hole, the outcome might not be desirable.

2. Starting small is an option. Sometimes if you are not too sure, starting on a smaller scale and then growing your usage is a better option. Maybe at this point you do not know all the requirements as your business is growing, however, you will still need to start somewhere. All products of Sage are positioned in such a way that we cater for the start-ups who have the standard and simple requirements and also for those who are forging ahead and growing their businesses.

3. Consultation is FREE. There is nothing wrong in asking simple questions if it brings you further in making a good decision. Feel free to contact our sales person at 016 8325570 or 088-262357 to find out more. 

At the end of the day it will only mean one thing, the best products for the customers of Sage. Whether your choice is Sage UBS or Sage 50, they are both winners.

Accounting, the strong and the stronger

Based on the detailed review of features, both products are indeed very strong from an accounting and financial perspective. This is the true reason that it remains the leader in accounting software. However there are key differences in which Sage 50 has a slight upper-hand.

    More detailed control – Having a bit of extra structure is good as things mature. With Sage 50 this can be seen from a few perspectives.
    • Debtor or creditor control accounts
    • Journal security as the number of users increase and more control is required to reduce mistakes or delegate work.
    • Credit terms should be important as trade and credit are important factors of growth but also a concern if not managed well.
    • Security on financial periods will allow the financial controller to ensure that things are in the proper place.
  • Deeper analysis – With the provisioning of the analytical code, it has made the analysis of financial figures possibly to be very detailed. Depending on the analytical level required, you can end up with n:n financial analysis as the values and analytical codes are self-definable
  • Stronger budgeting and forecasting – Budgeting and forecasting are important aspects for a growing business to ensure things are in relative control or operating models that have been planned are measured or followed. With Sage 50, this is very strong with multiple budgets and also versioning as factors change across the year. In addition, the integration with the analytics provides very detailed control and analysis into every factor, a definite need for the seasoned financial controller.
  • Complete multi-currency overview – If your business deals heavily in multi-currency, the revaluation and cross-currency settlement should be a welcomed, if not a crucial requirement for your trade. With currencies being where they are at the moment, it is important to be in total control, else your margins can be easily wiped out by currency losses.
  • Multiple years – This is an added advantage to the current Sage UBS users as with Sage 50 they are able to compare in a more simple way, multiple years data as they move along the financial year, giving a more comprehensive overview on like-for-like comparisons. For example Q1 this year vs. previous year.

For Sage UBS, it provides unlimited companies and administration which is good for those who handle a lot of books. However, if it is from a perspective of practical usage, the books are limited anyway, making the advantage a moot point if in reality one does not really manage that many books. The currently available fixed assets module is also an advantage if you are implementing proper fixed assets control very soon, nevertheless, Sage 50’s fixed assets feature will be out by Q3 of this year if you prefer to wait.

Accounting, Cash-flow and Finances

 

Accounting

 

 

 

 

Yes

80 samples

Sample Chart of Accounts.

 

Yes

8 samples

Yes

Chart of Accounts.

Standard general ledger set-up with the ability to define the type and sub-type of ledger accounts.

Yes

Yes

General Ledger Numbering.

Multiple formats of G/L numbering

Yes

Yes

General Ledger Grouping.

You can have the ability to group a few G/L accounts into one sub-total.

Yes

Multiple

Control Accounts.

Define control accounts for debtors, creditors or more.

No

Yes

Journal Vouchers.

Generate the necessary journal vouchers for accounting purposes.

Yes

Yes

Journal Type and Security

Define multiple journal type and be able to assign security per user, period and G/L used in the journal.

No

Multiple Sets*

Document Numbering.

Set of running serial numbers per journal.

Single set

Yes

Document Types

Classify different document types to ensure ease of access and analysis.

Yes

Yes

Draft Entries.

Save your financial entries as draft for review or continuation at a later time.

No

Yes

Quick Entries.

Create quick accounting entries via the quick entry function.

Yes

Yes

Copy Function.

Be able to copy similar entries done previously to save time.

Yes

Yes

Extra Description.

Provide extra descriptions per journal entry line for clearer understanding.

Yes

 

 

 

Financial Management

Yes

Knock-off or offset.

Be able to knock-off or off set financial entries for settlement.

Yes

Yes

Credit and Terms Management.

Manage the credit and terms applied to customers and from suppliers.

Manual

Not maintainable

Yes

Automatic Numbering with Pre-fix and Separators.

Yes

36

Security control

Accounting periods

Number of period supported and if security control is present.

18

Limited security control

Yes

Based on storage capacity.

Multiple Financial Years.

Maintain and be able to access multiple financial years through one data-set

No.

Only 1 financial year per data-set.

User Preference

Online or Offline Posting Method.

There are 2 methods of posting financial entries either automatically online or off-line which caters for more reviews before finalization.

Online Only

Yes

Audit Trail

Yes

Yes

Import/Export Financial Journals

Yes

Determined by the product SKU

Maximum Number of Companies

The maximum number of administrations that can be managed from one product.

Unlimited

Yes

Recurring Transaction/Templates.*

Create recurring transactions via templates and execute when necessary.

Yes

Multiple sets determined by product SKU

Version control

Budgeting with Version Control.*

The ability to create budgets and maintain multiple versions for comparison.

1 set

No version control

Yes

Multiple Legislation Per License.**

The ability to manage different country legislations within 1 software license.

No

 

 

 

Cash-flow

Yes

Payment Vouchers.

Create payment vouchers or cash vouchers.

Yes

Yes

Receipts.

Record incoming cash receipts and generate receipts to customers for complete documentation.

Yes

Yes

Funds Transfer.

Be able to manage your funds across multiple bank account seamlessly in the product.

Yes

Yes

Cheque Handling.

You will be able to manage all your cheques including issuing and post-dated cheques

Yes

Yes

Payment Methods and Modes.

You can define different type of payment methods and modes which can be used throughout the system.

Yes

Yes

Financial Instruments.

Utilize the standard financial tools available or custom create your own.

Yes

Yes

Cash Forecasting.

You should be able to do simple cash forecasting based on the payment terms set on your receivables and payables.

No

Yes

Bank Reconciliation.

A simple but complete bank reconciliation feature that is available to ensure you are up

Yes

 

 

 

Multi-Currency

Yes

Handle multiple currencies in all business transactions

Yes

Yes

Revaluation.

Perform currency revaluations as and when you require to review your currency position and realized gain/loss.

No

Yes

Cross Currency Settlement.

You will be able to invoice, pay or receive money in any combination of currencies enabling you to trade freely. 

No

Yes

Foreign Currency Bank Accounts.

Be able to maintain true foreign currency banks accounts and transact and revalue as necessary.

Yes

 

 

 

Analytics

Yes

Project Accounting.*
Manage projects efficiently and informatively with project analysis and reports.

Yes

Yes

Analytical Codes.*

Create the information you need by constructing your business transactions around 5 multi-dimensional analytical levels.

No

 

 

 

Fixed Assets**

Yes

Available Q3 2014

Manage fixed assets, depreciation schedules, asset tagging, including tracking and disposal

Yes

 

 

 

 

Financial Reporting

Yes

Balance Sheet

Yes

Yes

Profit & Loss

Yes

Yes

Trial Balance

Yes

Yes

Cash-flow Statement

Yes

Yes

Ageing Reports

Yes

Yes

Debtor/Creditor Cards

Yes

Yes

Bank/Cash Cards

Yes

Yes

Journal Listing

Yes

Yes

Budgets*

Yes

Yes

Project & Analytical Reports*

Partially No. As Sage UBS does not support Analytical Codes

Yes

Manufacturing Account

Yes

Sage 50 Professional Accounting and above only

** Sage 50 Premium Business and above only

 

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