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QuickBooks Online vs. Sage Business Cloud: Which Accounting Software is Best For You? - YouTube
Channel: SoftwarePundit
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Welcome to Software Pundit, the leading destination
for software reviews.
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Is Quickbooks Online or Sage Business Cloud
the better solution for you?
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This in-depth, feature-by-feature breakdown
will help you select the best accounting software
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for your business.
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If you're already a Quickbooks Online or Sage
Business Cloud customer, tell us what you
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think of the products in the comments below,
and if you鈥檙e new here, hit the like and
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subscribe button to be notified of our future
software reviews.
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So let's get started.
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All businesses should use accounting software
in order to manage invoices, track finances,
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and prepare for tax season.
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As a business owner, you鈥檒l use accounting
software to send invoices to clients, upload
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receipts for business expenses, and record
financial information.
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Your bookkeeper or accountant will likely
be given access to the software and will likely
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do most of the heavy lifting regarding the
reporting and tax preparation.
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This video will discuss the main differences
between QuickBooks Online and Sage Business
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Cloud by highlighting differences in features,
pricing, and usability.
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We鈥檒l highlight notable strengths and drawbacks
of each tool and make recommendations to help
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you pick the best software for your business.
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QuickBooks Online and Sage Business Cloud
are two big players in the accounting software
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space.
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QuickBooks Online received a rating of 94,
our highest rating in the accounting category,
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while Sage Business Cloud received an 83.
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QuickBooks Online received the highest score
because it鈥檚 the best all-around accounting
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platform for most small businesses.
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Though freelancers and other small business
owners will likely find it difficult to use,
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it has the most features, the best reporting
section, and live bookkeeping services.
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Conversely, Sage Business Cloud is more basic,
easier to use, and cheaper.
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There are not as many features鈥攆or example,
Sage Business Cloud lacks built-in time tracking
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and services鈥攂ut the functionality is likely
sufficient for small businesses without particularly
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nuanced requirements.
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Here鈥檚 a breakdown of our review criteria
and how QuickBooks Online and Sage Business
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Cloud performed in each category.QuickBooks
Online is the most established accounting
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software for small businesses.
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With the most powerful accounting features
and bookkeeping services, it鈥檚 a one-stop
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shop that makes it easy to do most of what
you鈥檒l need in one platform.
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However, QuickBooks Online may be cost-prohibitive
and it鈥檚 not very user-friendly.
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Sage Business Cloud, on the other hand, is
not as feature-rich but is much cheaper at
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just $10 to $25 per month.
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With invoicing, payment processing, expense
tracking, inventory management, and more,
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this is a software for those who need moderate
functionality.
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The software is much more user-friendly than
QuickBooks Online and we were able to get
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in contact with the customer support team
in about five minutes.
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Here are a few brief points summarizing who
we recommend each tool for
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You'll prefer QuickBooks Online if:
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You want the most advanced accounting software
for small businesses
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You鈥檙e somewhat tech-savvy, as QuickBooks
Online is difficult to navigate
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You can afford to pay between $25 and $180
per month for your accounting platform
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You'll prefer Sage Business Cloud if:
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You鈥檇 like a more budget-friendly tool
You want a platform that鈥檚 easier to navigate
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and will take less time to learn to use
You want a cash flow forecast that provides
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30-day visibility into your finances
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We recommend that almost every small business
consider QuickBooks Online.
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It鈥檚 the most established player in the
accounting software space by a long stretch,
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and many accountants and bookkeepers are trained
in using the software.
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There are more than 70 reports included in
the platform and businesses have the ability
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to customize their own reports if need be.
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The biggest complaint customers had with the
tool is that it鈥檚 not user-friendly.
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The software was built with accountants in
mind, so it鈥檚 not quite as intuitive to
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use as more entry-level tools like Wave or
FreshBooks.
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Because of this, we suggest that freelancers
choose Wave or FreshBooks to get the more
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basic features that they鈥檒l require for
a much lower cost.
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Sage Business Cloud is a mid-tier tool that鈥檚
ideal for those looking for moderate functionality
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at a very reasonable price.
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While not quite on par with the reporting
section from QuickBooks Online, Sage Business
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Cloud has a newer feature called Sage Intelligence,
which lets its customers build custom reports.
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You鈥檒l likely need to integrate with a third-party
CRM system for full capabilities, because
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the in-house CRM is basic, but otherwise the
features are relatively strong.
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As a company, Sage shines with their enterprise-level
software solutions, which larger companies
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appreciate.
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Sage Business Cloud is a newer spin-off from
these larger solutions, having been released
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in 2018, so it鈥檚 not nearly as established
as QuickBooks Online.
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However, at just $25 per month for unlimited
users, invoicing, expense tracking, back reconciliation,
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and advanced reporting, it鈥檚 a great value.
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QuickBooks Online is the most expensive accounting
software, with pricing starting at $25 per
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month and topping out at $180 per month.
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Conversely, Sage Business Cloud is one of
the cheapest, as the most expensive plan is
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$25.
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The least expensive QuickBooks Online plan
is $25 per month and the most expensive is
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$180 per month.
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Their Plus Plan, which is $70 per month, is
the most popular option and has enough functionality
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for most small businesses.
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Sage Business Cloud offers just two plans,
which are priced at $10 per month and $25
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per month.QuickBooks Online offers a fuller
list of features and integrations.
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Sage Business Cloud doesn鈥檛 have an in-house
receipt capture functionality, which is a
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significant downside as that will cost at
least $12 extra per month.The top features
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included with QuickBooks Online are the dashboard,
live bookkeeping services, and extensive reporting
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When you first sign onto QuickBooks Online,
you鈥檒l immediately see a dashboard that
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displays information about incoming payments,
your profit and loss statement, time tracking
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analytics, and more.
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Just as with Sage Business Cloud, you can鈥檛
drill down into each section, which makes
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it more tedious to navigate to different parts
of the software.
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For an additional fee of $200 per month, QuickBooks
Online will provide you with an industry-specific
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bookkeeping expert to keep your books on track.
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While this is fairly expensive, many businesses
will find this service worthwhile to avoid
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the stress of incorrect bookkeeping.
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Sage Business Cloud doesn鈥檛 offer this same
service, so if you鈥檙e looking for that,
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QuickBooks Online is the better choice.
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QuickBooks Online includes 70 accounting reports,
as well as a section to customize even more
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advanced reports.
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This is a bit stronger than Sage Business
Cloud鈥檚 accounting functionality, though
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that one is also strong, particularly for
a cheap tool.
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Sage Business Cloud includes features like
invoicing, reporting, inventory management,
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and more.
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There are features advanced enough that most
small businesses will not need to plug into
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more advanced third-party applications, except
for possibly a CRM tool or a more advanced
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inventory management tool for larger businesses
with lots of stock.
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However, Sage Business Cloud lacks accounting
and bookkeeping services and receipt capture
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functionality must be purchased through a
third-party vendor.
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Like QuickBooks Online, Sage Business Cloud
has a comprehensive dashboard that gives customers
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a 30-day visibility into the expected cash
balance for their business.
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While testing the tool, we found that while
the included information is extremely helpful,
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you can鈥檛 drill down into each section to
get more information.
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Creating invoices with Sage Business Cloud
is not quite as simple as it is with competitors
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like Wave, but it鈥檚 got more functionality
in regards to what you can include.
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You鈥檒l assign the invoice to a customer,
set the due date, and then input your products
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or services into the invoice.
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A particularly helpful detail is that you鈥檒l
assign a ledger account to each line item,
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ensuring that your transactions are properly
recorded to the correct account.
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Sage Intelligence, a newer addition to the
Sage Business Cloud reporting section, provides
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advanced, customizable reports that go beyond
the included financial and accounting reports.
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You can export your reports as a PDF or download
reports to Excel, where the formatting will
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be retained.
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You can save recurring reports and will have
access to Sage鈥檚 Management Report Packs.
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QuickBooks Online is an all-around better
accounting platform.
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It has all the features you could need to
manage your business finances, many integrations
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with third-party software tools, and the most
advanced in-house reporting section.
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Compared with QuickBooks Online, Sage Business
Cloud is more basic, though it is still a
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mid-tier option.
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There are fewer payment processing gateways
than other tools offer and the application
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can sometimes be slow to load.
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However, the price is nearly unbeatable as
it tops out at $25 per month.
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QuickBooks Online is the best accounting software
for most small businesses.
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Freelancers might want to opt for a more user-friendly
option, though, and it is the priciest tool
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on the market.
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Sage Business Cloud is a user-friendly, though
more basic, accounting system for those who
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want a budget tool that still works reliably
well.
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If you鈥檙e interested, visit Quickbooks Online
or Sage Business Cloud today by clicking the
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links in the description box below.
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Do you agree with our recommendation for these
products?
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We would love to hear your thoughts in the
comments below, and if you enjoyed our content,
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please like and subscribe
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