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Simply Accounting has a new name: Sage 50 Accounting

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Which Accounting and Bookkeeping Software Will Give Your Business a
Competitive Edge?

The #1 accounting and bookkeeping software choice of Canadian small businesses and accountants1 has a tailored range of scalable, easy-to-use solutions to meet your unique business needs. No matter the size and scope of your business, Sage 50 Accounting has a product to help you work faster, smarter and confidently:

Which Sage 50 Accounting product is right for you?

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Sage 50
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Included with Purchase - Sage is ready to help your business

Receive one customer support case 2You receive one free customer support case from the Canadian Customer Support Centre within 60 days of product registration. check check check Unlimited access to Priority Support
Attend training from Sage University3In-product demonstrations show how easy it is to get your business started with Sage 50. $99 Value $99 Value $99 Value $99 Value
Access 24/7 online KnowledgebaseAccessible 24/7, the online Knowledgebase offers advice and solutions to commonly asked questions and issues. check check check check
60-day money-back guarantee If you are not fully satisfied, return Sage 50 Accounting to Sage within 60 days of purchase with the original dated receipt for a full refund or exchange. Call Sage at 1-888-222-8985. check check check check

Manage Customers and Sales - Know your customers and how much you are getting paid

Create customer recordsKeep track of detailed information about your customers and set up the terms of your business relationship. check check check check
Prepare sales invoices Generate a sales invoice to list the inventory or service items charged to your customer. It will also include any applicable taxes, shipping charges, and the payment terms you have given your customer. check check check check
Track payments and create receiptsKnow your income by recording payments from your customers and the method by which they paid. check check check check
Choose a price listA price list is a convenient way to manage discounts or markups of the inventory and service items you sell to your customers. If your business offers a variety of prices for the same items or services for different sales situations, you can create a price list to identify each of those situations. 1 List 3 Lists 100 Lists 1000 Lists
Create sales quotes and ordersCreate a professional sales quote for your customers. For efficiency, it can be converted to a sales order once your customer is ready to order and an invoice for billing. check check check
Charge for services using employee Time SlipsFor accurate billing and tracking, Time Slips are a convenient way for you to record the time your employees spend on various tasks, for both billable and non-billable activities. check check

Manage Vendors and Purchases - Know your vendors and how much you are spending

Create vendor recordsKeep track of detailed information about your vendors and set up the terms of your business relationship. check check check check
Print chequesPay vendors and employees by printing payments onto custom Sage 50 Accounting forms or pre-printed cheques. Additional fees apply for pre-printed cheques. check check check check
Create purchase quotes and ordersCreate a purchase quote for goods or services that you might want to purchase from your vendor. For efficiency, it can be converted to a purchase order or invoice. check check check check
Record and track purchase invoicesCreate a purchase invoice to list the inventory or service items you have purchased from your vendor. It will also include, as well as any applicable taxes, shipping charges, and payment terms. check check check check
Simplify reordering items from vendorsFor easy price comparisons and ordering, you can associate your item's number with your vendor's item number. check

Employees and Payroll4 - Efficiently and cost-effectively pay employees in-house and comply with government regulations

Prepare payroll cheques with automatic tax calculationsYour employees' earnings, deductions, and payroll taxes are calculated automatically by Sage 50 Accounting to ensure accurate payroll withholding and reporting. Available Available Included
Process cheques as a batchIf you have multiple employees to pay each pay period, you can save time by using the Payroll Cheque Run. You can batch the employees together and either print the paycheques or the Direct Deposit stubs all at once. Available Available Included
Prepare ROE slips for print or online filingYou can create a bulk Record of Employment (ROE) file in Sage 50 Accounting which allows you to prepare more than one ROE form and submit them to the ROE web site in a single draft file. Available Available Included
Prepare T4/RL-1 slips for print or online filingFor ease and efficiency, you will be able to report on most codes and store T4/RL-1 summary and online filing contact information. Available Available Included

Government/Accounting - Rest assured your software is compliant with regulations and standards

Track GST/HST and PST/QSTYou will know how much to pay the government at the end of each of your reporting periods. check check check check
File GST/HST OnlineFor efficiency, file GST/HST online directly through the CRA web site. (Does not apply in Quebec.) check check check check
Keep accurate records with the full-time audit trail The full time audit trail is a permanent record of every transaction that is made within the ledger. The audit trail cannot be turned off in the software, and therefore, meets the government record keeping requirements for tax purposes as well as provides lenders and investors with credible information for financial statements. check check check check
Store multiple years of financial history For audit purposes, it is a good idea to keep all of your company data for a full 7 years in case you are required to produce information from your financial history for the federal government. Up to 2 Up to 7 Up to 100 Up to 100
Process payroll remittancesYou can remit payroll deductions/contributions such as EI premiums, CPP contributions, WCB, and federal income tax to the proper authorities. check check check
Reconcile bank statements to accounting dataFor data entry accuracy, when you receive a bank or credit-card merchant statement, compare transactions on the statement with your Sage 50 Accounting transactions. check check check
Use departmental accounting Analyze business data with more detailed reporting. check check
Use First-in First out (FIFO) inventory costing methodYour business can choose the First-in First-out (FIFO) inventory costing method whereby the first inventory item in the system is the first to go out. check check
Expand the range and length of account numbersAllows for even further detailed chart of accounts. check check
Create payroll expense groupsYou can create up to 100 payroll expense groups. These groups are convenient for income statement reporting purposes if you want to use different accounts for the same employee payroll expenses for different locations, job categories, employees, etc. check check

Flexibility - Increase productivity and efficiency

Allow more than one user at a time 5Depending on the workload, your company could benefit from a multi-user licence. It allows multiple users to work on your company data at the same time. 1 User 1 User 2-4 Users 5-40 Users
View summary of common tasks with the Daily Business ManagerThe Daily Business Manager (DBM) centralizes some of the most common daily tasks in a single handy location; it can help you complete daily tasks and keep track your company's business performance. track your company's business performance. check check check check
Switch between English and FrenchYou can specify which language a vendor, customer, user, or employee uses, so you can communicate with them in their preferred language. check check check check
Integrate with Microsoft® Word and Excel® 6You can open up Sage 50 Accounting documents and reports in Microsoft Word and Excel. check check check check
Convert data from QuickBooks®, MYOB® and Quicken®6Make the switch to Sage 50 Accounting. It converts general ledger, customer, vendor, employee, and inventory data from QuickBooks® versions 2001-2011; MYOB® versions 10 and 11; Quicken® versions XG 2003, XG 2004, and XG 2005; and Microsoft Excel. check check check check
Work with multiple currenciesYou can work with customers and vendors from other countries in their own currencies. You can create foreign currency bank accounts, add foreign prices to your inventory and service items, pay bills and receive payments without having to manually convert the amounts to or from another currency, and display reports with amounts in both the foreign currency and the equivalent in your home currency. Two Unlimited Unlimited
Synchronize with Microsoft® Outlook 6You can automatically maintain the same information in your vendor and customer records. check check
Create and assign role-based security settings If your staff grows or changes quickly, it may be more convenient to create security roles with a limited set of access rights. Once you create a security role, it can be assigned to any new or existing accounting user. check

Security - Protect and control access to your data

Assign user access to financial reportsYou can limit access to certain users by restricting or denying access to specific company reports. check

Reporting - Analyze business performance, monitor cash flow and make informed decisions

Access and customize
built-in reportsThe Report Centre gives you easy access to pre-defined reports that help you know what is happening in multiple areas of your business. The higher Sage 50 Accounting edition you use the more reports that are available to you.		 29 93 153 165
  • Use pre-defined
    industry-specific reports
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  • Review BOMs, assemblies and adjustments
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Open reports in Excel® for formatting and calculationsYou may want to open a report in Excel in order to change the amount of detail it contains, to share it with someone else, or incorporate it into a document. check check check check
Budget company revenues and expense Ensure you are on track with your intended budget. Enter your budget and compare it to your actual revenue and expenses. check check check
View the Performance dashboard for real-time informationThe Performance dashboard provides you with a single-view visual snapshot of your business' key performance indicators and activities that impact your company goals. check check check
View the Trends Forecast dashboard of key business dataThe Trends Forecast dashboard contains trend forecasts of your company’s key performance data or indicators (KPIs), providing a snapshot of where your business is potentially headed. check
Consolidate financials for multiple companiesFor reporting purposes at the end of each fiscal year, you can consolidate any number of your subsidiary companies into a single consolidated parent company. check check

Inventory - Optimize inventory levels and productivity to control costs

Manage inventorySave time when you create sales or purchase invoices and keep track of inventory quantities. Also, use price lists to set up preferred pricing and manage cost fluctuations. Basic Advanced Advanced Plus
Create finished goods from Bill of MaterialsIf your company builds inventory items from other inventory items, you can store the Bill of Materials required to create the item. check check
Generate packing slipsFrom your sales invoice details, you can create a Packing Slip to ship to your customer. check check
Manage inventory in multiple locationsIf you have inventory in multiple locations, you can track and transfer inventory from one warehouse location to another. check check
Track items by serial numberUsing serial numbers with your inventory items allows you to track individual inventory items from purchase to sale. It also allows you to monitor the specific-cost of every serialized item. check

Projects -Stay on budget and help increase profitability

Track and report on projectsIf your company is hired on a by project basis, you can track and analyze a project's revenues and expenses to determine profitability. check check check
Budget projects by fiscal yearCreate project reports that span across fiscal years for current or future budgeting purposes. 1 year 1 year Up to 5 years
Create detailed project budgetCreating budgets for your projects lets you compare anticipated revenues and expenses to actual revenues and expenses. By period By account, by period By account, by period
Assign projects to orders and invoicesFor accurate tracking, assign a project when creating orders and invoices for either sales or purchases. check
Track salaried employee and contractor hours To ensure accurate billing, reporting and payment, you can allocate payroll amounts to a project for an employee who is on salary or contract. check

Integrated Products and Services - Make your business more efficient (Additional fees apply)

Sage Business Care Silver Available Available Available
Sage Business Care Gold (with Payroll) Available Available Included
Sage Business Care Platinum (with Payroll) Available Available Available
Sage 50 Business Intelligence

 Available Available
Sage Direct Payments
  • Employee Direct Deposit
 Available Available Available
  • Customer Pre-authorized Debit
 Available Available Available Available
  • Vendor Direct Deposit
 Available Available Available Available
EFT Direct Available Available Available Available
Credit Card Services Available Available Available Available
Sage ACT! Contact and Customer Manager 6 Available Available

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