New Company Set Up & License/Subscription Ownership Transfer to New Company

SUGGESTED

Does the annual fee for Sage 50 Quantum Accounting include the ability to set up multiple companies? 

I need to manage two different companies under one license but will eventually need to transfer the license from the current company to the new company. Is that possible?  

Thank you

  • 0
    SUGGESTED

    Yes, , you can create multiple companies in Sage 50. You can use this link to create a new company How to create a new company As far as transferring licenses, licenses are not transferred between companies or Sage accounts. I hope this information has been helpful.  Please let me know if I can be of further help.  MC-

  • 0

    If you mean you'll need to transfer the license due to a sale of the business the license can be transferred to the new ownership -- you'll need to contact Sage and they have a form that would need to be completed to put the license into the new ownerships name.

  • 0 in reply to compbiz

    Yes, it would be due to the sale of the business, eventually.

  • SUGGESTED

    Hi Lisa,

    If it is change of ownership of the company, they should purchase a NEW program.   The person that owns the company may need the program and the data to prepare a tax return in the future.  They would also need the information in the event that they are audited.   Since Actian Zen, the engine that runs Sage 50 counts the installs, the original owner would need their own license to put the program on their computer. 

    The New Contact Change Form.pdf  may be used if you have new employees in the existing company.  It can not be used to transfer the company to another person.

    If you need a new license, we are still selling both the Traditioanl and Subscription products.  Our Quantum is currenly on Sale thru September 29th.  Please feel free to reach out you need more information.

    [email protected]

    304-810-0027