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

Question

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

ClarkM · Answer

Yes, LisaO , 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-

Best Business Strategies · Answer

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. 
 Shirley@BestBusinessStrategies.com 
 304-810-0027

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