Step-By-Step Guide to Upgrade Sage 50 Old to Latest Version 2024

To Upgrade Sage 50 to the latest version released in 2024, you must click open the services dropdown from the menu bar. Now, select the Check for Updates option. If you are using an older version of Sage 50, you will see a notification for an upgrade. Hit the Download button to upgrade your app to its latest version. However, the actual process of upgrading Sage 50 starts after you download the update. 
There’s a checklist that users must abide by before they start upgrading to the latest version of Sage 50. Ensure that all Sage 50 tabs are closed and create a backup of the company file. Keep reading this article to get a step-by-step guide to upgrading Sage 50, its system requirements, and other prerequisites.

Latest Update in Sage 50 2024

Sage HR and Sage 50 seamlessly integrate; available only to payroll subscribers with cloud connections.

• Keep your system updated with regular maintenance and security patches to enhance its overall aesthetics and security.
• Quicker payslip uploads as a result of enhanced performance.
• Federal Tax ID, Company Name, and Address are now included in the payslip sync.
• Fixed an issue where agency sharing via Remote Data Access would occasionally fail to finish automated/cloud backups.

Keep Scrolling for the steps to Upgrade Sage 50 to the Latest Version!

System Requirements to Upgrade Sage 50 to the Latest Version

Here are the system requirements that should be met before you upgrade Sage 50 to the latest version:

• Web Browser Requirements: To access Connected Services outside of the product, use Google Chrome or Microsoft Edge (version 2020 and up). We would recommend you to use Microsoft Edge for integration purposes of Sage Payroll Solutions, Sage Payments, and other services related to integration.
• Speed of Processor: 2.0 GHz
• Memory: 8 GB
• Compatible Operating Systems: Windows 11 with the most recent Microsoft updates installed, or Windows 10 (version 21H1 and above).
• Installation Drive Space Requirement: 1 G

Prerequisites for Sage 50 2024 version

Before you begin upgrading Sage 50 to the latest version, you must go through the following pointers and ensure you follow them to experience a smooth process of upgradation.

• Verify whether your machine satisfies the requirements for the software.
• Make a backup of all important data before upgrading.
• Shut down every tab in Sage 50 and all other programs.
• Start the setup process, making sure your antivirus is turned off.
• You can choose to reinstall and smooth up your Sage 50 record.
• Report on taxes for the area's leisure.
• Eliminate the data examination after conversion
• Update your Sage 50 organization document with a password.
• Forward a fresh backup report.
• Save your backup in case of an audit.

Check your Sage 50 Accounting Software Version

Go to Help and About in Sage 50 Accounts and confirm that the version you are using is v30.1.343.0 to ensure that everything is operational. If your version differs, proceed with the detailed instructions provided below.

Steps to Upgrade Sage 50 to the Latest Version

In case you have missed out on the direct notification to upgrade Sage 50 then you will have to follow a few steps to manually update this accounting tool. Here are the steps to upgrade Sage 50 accounting software to the latest version:

• Step 1: Click on Services from the menu bar present at the top.
• Step 2: From the dropdown, select the ‘Click For Update’ option. 
• Step 3: Sage 50 Online Update window will be displayed. Mark the checkbox to get reminders to check for updates in 2 to 3 days (as per your choice). 
• Step 4: Hit the ‘Check Now’ button.
• Step 5: Available updates for Sage 50 will be displayed. After choosing the update, press the Download button.
• Step 6: Once the downloading is completed, hit the OK button.
• Step 7: Now, click on the File menu, scroll to the bottom, and select the Exit option.
• Step 8: Sage 50 Update window will appear, click on the Yes button.
• Step 9: Select the Install option from the prompt to install the update displayed on your screen.
• Step 10: Sage 50 Acounting 2024.Setup Window will appear, Click on Next button.
• Step 11: Agree to the terms and conditions and again click on Next.
• Step 12: Enter your Serial Number and select the option to replace the previous Sage 50 accounting software with the newly installed version.
• Step 13: Once the installation is completed, click on the Next button.
• Step 14: Tick the checkbox ‘Start Sage 50 Accounting’ and then select the Finish option.
• Step 15: Login to your existing company and start using the latest version Sage 50 accounting software.

Note: If you have been using a 3rd party antivirus software, then allow the following files to run without any restrictions. 

1. Peachw.exe
2. Peachtreeprefetcher.exe
3. SmartPostingServices[Version].exe
4. PeachUpd.exe
5. SageReg.exe
6. W3dbsmgr.exe
7. W3lgo103.exe
8. Sage.overdrive.cloudbackup.exe
9. OverDriveData.txt
10. Sage.Data.Exchange.Client.exe
11. SageOverDrive.exe

Benefits of Upgrading Sage 50 to its Latest Version

Using an older version of Sage 50 Accounting Software could be tiring due to its slow processing. Hence, we would recommend you update to its latest version which is error-free. Enlisted below are the benefits you can experience after you upgrade Sage 50 to its latest version.

• It enhances the security with Gmail updates that are as per the new standards of Google. 
• You get a single login to access your finances, agency facts, and other data related to business. 
• Supplying guidance on accounting and human error.
• Providing computerized capabilities for bank statements, bills, receipts, and costing; helps Sage 50 clients by lowering the amount of manual data entry work.
• Fixing problems that cause latency or freezing of the mouse when using Sage 50.

Conclusion

You have to upgrade Sage 50 to the latest version to maintain its optimal performance and security. If you follow the detailed step-by-step guide given in this article, such as going to the services menu, checking for updates, downloading it, and then reinstalling it. Additionally, check the system requirements, back up your company file data, and adjust your antivirus settings to ensure that the upgrade takes place smoothly. The upgrade brings enhanced features, including improved payslip uploads and better integration. Regular updates not only resolve existing issues but also offer new functionalities that streamline your accounting processes. 

FAQs For Upgrade Sage 50 to the Latest Version

Q. How do I check if my Sage 50 version is up to date?

A. To check if your Sage 50 version is up to date, you must first click open your Sage 50 accounting software, go to the "Help" menu, and select "About Sage 50 Accounts" to view your current version. Compare it with the latest available version on Sage’s website.

Q. What are the prerequisites for Upgrading Sage 50 to the Latest Version?

A. Before you Upgrade Sage 50 to the Latest Version, you must ensure all Sage 50 tabs and other programs are closed. Verify your system meets the requirements and try updating again. If the issue persists, consult Sage’s support or community forums. If you follow these instructions, you will be able to perform day-to-day accounting tasks effortlessly and error-free. 

Q. Can I use Sage 50 without updating?

A. Yes, you can use Sage 50 accounting software without an update. While you can continue using an older version, you may miss out on new features, security improvements, and performance enhancements. It’s recommended that your software be updated. 

Q. How do I back up my Sage 50 data before upgrading?

A. To create a backup file of your Sage 50 company data before upgrading it to a newer version, you must go to the “File” menu, select “Backup,” and follow the prompts to create a backup of your company file. Lastly, you must store this backup in a secure and easily accessible location.

Q. What are the system requirements for the latest Sage 50 version?

A. To ensure a successful process of upgrading Sage 50 to the latest version, you are required to use Windows 10 (version 21H1 and above) or Windows 11, a 2.0 GHz processor, 8 GB of memory, and 1 GB of installation drive space.