Sage 50 Construction Accounting

  • Discontinued

A discontinued construction accounting software that offered long-term project tracking.

Product Overview

This product is no longer sold or supported. Sage recommends Sage 50c US or Sage 50c Canada as a replacement.

Sage 50 Construction Accounting offered a suite of tools for pre-construction planning, including AI-powered takeoff tools, bid management, and lead management. For financial management, it provided streamlined accounting solutions, real-time reporting, and integrated payroll designed for construction complexities.

Pros

  • Full suite of tools for pre-construction planning
  • AI-powered takeoff tools

Cons

  • No longer sold or supported
  • No mobile app

Target Market

Small to large construction businesses, including general contractors, residential/commercial subcontractors, residential builders, and companies in architecture, engineering, and project management.

About Sage 50 Construction Accounting

Sage 50 previously introduced solutions for the construction industry, emphasizing the importance of tracking cost and revenue details for increased profitability. These solutions included:

  • Tracking for progress billing, retainage, and labor burden
  • Reporting on job work-in-progress and payroll overhead rates
  • Monitoring sub-contractor insurance expirations
  • Generating custom construction planning reports

Additionally, Sage 50 provided Sage Business Care Silver, offering automatic upgrades, customer support, online training, customizable reporting tools, among other features.

Sage 50 Construction Accounting Key Features

  • Accounting and Cash Flow Management: Streamlines invoicing, bill payment, and receipt tracking, adhering to double-entry accounting principles. Includes Cash Flow Manager for analyzing and forecasting payments and receipts.
  • Business Organization and Payroll: Integrates with Microsoft Excel and Word, offers email alerts for task prioritization, and is compatible with Sage 50 Payroll Solutions for both paycheck printing and direct deposits.
  • Financial Control and Reporting: Features user access control, error checking, and advanced reporting capabilities, including the use of Crystal Reports for detailed graphs and charts.
  • Inventory and Budget Management: Manages inventory with serial number assignment and various costing methods (Average, LIFO, FIFO). Offers comprehensive budgeting tools for different departments and cost centers.
  • Consolidated Financial Reporting and Departmental Management: Allows for the consolidation of financials across multiple companies and provides detailed financial statements by department.
  • Job Costing and Progress Billing: Automates labor burden management and allows flexible invoice creation based on job progress or specific completion percentages.
  • Retainage and Subcontractor Management: Features automated retainage calculation and tracking, along with alerts for subcontractor insurance expiration and compliance tracking.

Product Overview

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