Sumly vs Sage

Sumly, on the thing a Cyprus company is actually buying. Sage is capable software with decades behind it, but it is sold country by country and publishes no Cyprus edition — so the return it prepares is Irish or British, on a chart of accounts built from a UK or Irish business type. Sumly prepares the Cyprus VAT return, VIES and provisional tax from your books, and adds formation, a Sumly certified bookkeeper and Partner Auditors around them. If you keep books in more than one country, that calculation changes and Sage is a serious answer.

No. The country selector on Sage's own Sage Accounting page lists 30 country sites, and Cyprus is not among them — nor is Greece. A Cyprus company therefore buys the UK edition, built for HMRC, or the Irish one, built for Revenue, or buys Sage 50 Accounts or Sage 200 Evolution through a local reseller. Sage Intacct publishes no Cyprus regional release either. To be fair about what that does and doesn't mean: the ledger, the invoicing, the capture and the multi-currency all work from anywhere, and the chart of accounts can be edited. The gap is the localisation and the filing, not the bookkeeping.

Not as published. The Irish edition prepares a VAT return ready to submit to Revenue and the UK edition submits to HMRC through Making Tax Digital; neither is the Cyprus return. In the UK edition the VAT rates are a fixed set — standard 20%, lower 5%, zero, exempt and no VAT — and Sage's help centre states you cannot create your own custom VAT rates, so the Cyprus 19% and 9% rates are not there to select. In Sumly the Cyprus codes are already there and each one maps to a box on the official return.

Sage is €2 a month cheaper on the subscription line, and it is worth saying that plainly. Sage Accounting in Ireland is €37 a month excluding VAT against €39 for Sumly Base. Ireland is the right comparison because it is the only euro-priced, English-language edition of Sage Accounting, and the Accounting plan rather than the €19 Start plan because Start is single-user with no purchase invoices, no document capture and no multi-currency. What the €2 buys is the country: the Irish plan produces an Irish VAT return and an Irish VIES report, Base produces the Cyprus ones. Over a year the gap closes anyway — Base billed yearly is €390 against €444 for twelve months at Sage's list price, €54 less. The UK plans are £20, £43 and £59 a month excluding 20% VAT, which makes the top plan £70.80 with the VAT on. All prices exclude VAT and were checked on 26 August 2026, when both editions were running a 90%-off promotion.

No, and it is the cost that surprises people. On the plans where Sage publishes an allowance, capture is metered: 30 receipts and invoices a month on UK Standard, 100 on UK Plus, and £0.20 per additional approved capture after that. A company booking 150 documents a month on the most generous UK plan is paying £10 a month on top of the subscription. Sumly's price list has no per-document line on it at all.

Not as a recurring invoice. Multi-currency banking and invoicing is the top-tier gate in both the Irish and the UK line-up, so on a cheaper plan you cannot invoice or bank in a second currency without upgrading — and even at the top, Sage's own help centre says: "You aren't able to set up recurring invoices in a foreign currency." For a Cyprus company billing monthly retainers in dollars or sterling that is the sort of limit you find in month two rather than in the demo.

Sage doesn't publish an answer either way. Its Irish bank-feeds page names Irish and UK institutions, and the help articles both editions link to as the full list of supported banks don't actually list any — they tell you to search for your bank inside the product. So treat Cyprus bank feeds on Sage as something to test during a trial rather than as a yes or a no. Sumly connects over open banking to the banks Cyprus businesses actually use — Bank of Cyprus, Hellenic Bank, Alpha Bank, Eurobank, Revolut Business and Wise — always read-only, so Sumly can never move your money.

It depends which return. Sage's UK edition genuinely transmits: you authorise Sage with HMRC and submit through Making Tax Digital from inside the product. The Irish edition prepares the return and you submit it on ROS, with Sage recording that it went by other means. Sumly prepares the Cyprus return the same way, and a person submits it through Tax For All — you on Base, your Sumly certified bookkeeper on Premium.

Plenty, and most of it is scale. Their pages carry inventory management on the Irish top plan, Sage Copilot in all three UK plans, AI-powered mistake detection, a filing pipeline straight into HMRC, a desktop line in Sage 50 Accounts and Sage 200 Evolution sold locally through a Cyprus reseller, Sage Intacct above that, and Sage HR, which does list Cyprus among its supported countries for leave, timesheets and scheduling. None of that is on our pages. If one of them is the thing that decides it for you, ask us before you assume either way — and if Sage is the better fit, we'd rather you knew now than three months in.

Yes. Connect your bank for read-only feeds, bring your balances in through the opening-balance flow, and run one month in both before you cancel the other — the 30-day free trial covers that parallel month. If you'd rather not do it yourself, book a free call and we'll migrate your existing books for you.