Let’s take a birds-eye view and compare these two in terms of their distinct strengths and suitable industries. We’ll also give a hint on which software seems to be the best for most businesses.
QuickBooks Online is the most widely used financial software. It’s particularly appealing to small-to-mid-level companies in the accounting, IT, and professional services industries, owing to its numerous powerful features such as tracking sales and expenses, managing customers, comprehensive reporting, and easy collaboration, among others.
QuickBooks has tons of integrations and an intuitive UI that makes it an approachable for most users. The most common sticking point? Many users find the subscription plans slightly pricey. This becomes evident particularly when integrating payroll or when a business requires access for more than 25 users.
To address the elephant in the room, Sage 50cloud is frankly quite dated looking. Its UI was designed in the early 2000’s and there hasn’t been many interface updates. That said it can be a pretty affordable option that doesn’t necessarily require subscription pricing. Its strength lies in tracking cash availability, budgeting, and especially in job costing and reporting.
Another factor to consider is that Sage 50cloud operates with a locally installed model, which limits remote data access without an add-on.
For most businesses, we’ve found that QuickBooks Online is a better fit. Its intuitive interface and feature set makes it more amicable to a broad range of businesses, including those without a financial background. Its cloud-based nature provides an edge in terms of accessibility and collaboration.
In contrast, Sage 50cloud does well in its niche. We recommend it for contractors and businesses in the service industry.