13- Inventory & Services

Inventory Setup

This tutorial is for those who want to use the inventory module of Sage 50.

To get started take a note of the types of inventory you sell. You may want to categorize them in to groups and create a code and description for each item.

Start Sage 50 program and open Inventory and Services module and from the menu choose File – Create.

inventory-services-record

 

 

 

 

 

The 1st tab is Quantities. Input your item codes and description make sure Type is set on Inventory or services.

inventory-services-record-qty

 

 

 

 

 

Click on Unit tab and enter the unit of measure. if the item is sold by the Foot, Each or Inch etc.

 

inventory-services-record-unit

 

 

 

 

 

Click on Pricing tab and put in the different kinds of prices you have so it will automatically show up in the Sales Journal.

 

inventory-services-record-pricing

 

 

 

 

 

 

Click on Linked. In this screen the accounts will be linked. These accounts have to be created in the chart of accounts before you can access them here. These account numbers will appear when you are posing supplier invoices and customer sales invoices.

inventory-services-record-link

 

 

 

 

 

 

Depending on your company you might need to use Build category. This category is for manufacturing and it allows you to deduct from each raw material item and transfer it to a finished goods item which you can than sell as one unit.

inventory-services-record-build

 

 

 

 

 

The statistics tab will accumulate data from payable and receivable journals.

inventory-services-record-stats

 

 

 

 

 

Hope this helped. Come back for more tutorials.

 

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