IQ ACCOUNTING SOLUTIONS

Contact Information

Business Hours

Service Area

Regular Hours (Central Time):
Mon - Fri 8:00 AM to 6:00 PM

Overtime:
Mon - Fri 6:00 PM to 9:00 PM
Saturday 9:00 AM to 5:00 PM

Based in Tulsa, OK, on-site service is provided in Oklahoma as well as northwest Arkansas and southwest Missouri.

Telephone, remote, and email support is provided nation-wide.

scollins@iqacct.com

10611 E 17th Pl Tulsa, OK 74128

918-851-9713

Choosing Between Sage 50cloud and Sage 50

What You Need To Know

IMPORTANT NEWS - Beginning January 1, 2023 all sales will be subscription licenses (Sage 50cloud). Traditional perpetual licenses will no longer be an option after December 31, 2022.

Sage 50cloud Is Not An Online Application

The most important thing to know when choosing is that Sage 50cloud (also known as Sage 50c) is primarily a desktop application NOT a cloud-based program. It is the same desktop program as the traditional Sage 50. The “cloud” is in the name because it has several cloud-based add-on features that are not available in traditional Sage 50.

Subscription license vs Perpetual License

The second thing you need to know is that they are licensed differently. Sage 50cloud is subscription based – if you don’t renew your subscription you will be able to view your existing data, but you won’t be able to enter anything new. On the other hand, Sage 50 is still a traditional perpetual license; once you buy the software you can use it (except for payroll and credit card processing) for as long as you want. Payroll users and those integrating with one of the supported credit card processors, must stay on the current version in order for those services to continue working.

Pricing

For the Pro and Premier editions, initial pricing is similar for both Sage 50 and Sage 50cloud, and the cost of annual renewals is about the same as the initial purchase.

For the Quantum Edition, the initial purchase of a Sage 50 perpetual license is significantly more expensive than a Sage 50cloud subscription (the price difference varies widely from about 15% to more than double, depending on the number of users). Annual renewals for Sage 50 are slightly higher than the a Sage 50cloud initial annual subscription.

Features

Obviously, everyone would prefer a perpetual license to a subscription if all other factors were the same. So let’s look at what Sage 50cloud offers that Sage 50 does not.

• Remote Data Access - Formerly call Sage Drive, with Sage 50cloud’s Remote Data Access feature users can share their data with people outside their office. When you share your Sage 50cloud data it is copied to a secure cloud server maintained by Sage. Then someone that you have invited to share your data, and who has Sage 50cloud installed on their computer, can open your company from Sage Drive. The data will be copied down to their local drive. Changes that they make will be synchronized up to Sage Drive and then back down to the primary database on your computer. A single user license for Remote Data Access is included with all Sage 50cloud subscriptions. A multi-user license is available for an extra fee. Without the multi-user Remote Data Access license only 1 user will have full access to your company data while it’s shared. All other users (both local and remote) will have view-only access, regardless of how many Sage50cloud licenses you have. Remote Data Access is designed primarily for occasional access and requires very good Internet speeds. Personally I would not recommend it as an every-day method for connecting two locations.

The following Sage 50cloud features require you to use MS-Office 365 Business Premium.

• Cloud Backup – Allows you to schedule backups of your Sage 50cloud data that get saved to your OneDrive storage area. You must use an Office 365 login that is not an alias and that has the role of global administrator
• Sage Pegg – This “bot” allows you to access customer data via chat (currently Facebook Messenger and Skype, but Slack and Microsoft Teams are planned). Pegg can give you: contact information; GPS access to client locations; access to each client’s current balance, credit limit, and average days to pay; last 3 invoices, including invoice number, date, first line description, invoice amount, and balance due; and can call or email clients
• Bank Feeds - Allows you to easily and securely establish an online connection with your bank to download activity from your bank into the Account Reconciliation window in Sage 50cloud. This provides an automated alternative to manually downloading an .OFX or .QFX file from your bank and importing it into the account reconciliation window. Like the manual import process, bank feeds simplify the process of matching up the transactions in Sage 50 with the transactions from your bank and ensuring that all transactions on your bank statement are accounted for in Sage 50.

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