• 7+ years of inventory mistakes, major inventory and COG discrepancies

    Hello! I started work for a company less than year ago - a small business (just me and the owner). She has owned the business for 4 years, and she inherited a very misused version of Sage. Inventory and costs seem to have been never entered correctly…
  • Inventory Quantity Reports incorrect!

    Have an issue with the inventory report: "Inventory Quantity" In the "On Customer Order" column, it is showing amounts that should not be there? Showing negative quantities, like when you have a pending sales order for a customer. The problem it…
  • Using inventory and build from BOM correctly

    Hi Everyone, I am currently working for a company where they have not been utilizing the inventory module correctly- we are using Sage 50 Quantum Accounting. Currently we have all of our inventory (raw Materials, packaging and FG in Sage. We are only…
  • Fix Inventory count without adjustments?

    FormerMember
    FormerMember
    I realize this question may be very similar to others, I did look around though the forums... the answers to me didn't seem like they were what I was looking for, but I'm not an accountant in any stretch and started using Sage 3 weeks ago so please bear…
  • Inventory Variance and Discrepancy between Balance sheet GL account and Summary

    Hi all, I have a question regarding inventory variance that appeared after correcting inventory location in a purchase invoice. Instead to take out an inventory item from one location and put in to other the system created a huge inventory variance entries…
  • trying to get inventory correct

    Last year there were adjustments made to add inventory using the date of 12/31/16 (NOT ME) adding parts that were just not here or really old parts. I need to get them off my bottom line because we do not have that much inventory. I know since I closed…
  • Inventory subledger does not match GL after roll over to new year

    FormerMember
    FormerMember
    Background info: Sage 50 Quantum v.2016 Non-for-profit organization Years working on: 2015 and 2016 Calendar years First year using SAGE (entered 2014 history) Before I rolled over to a new year, my inventory subledger matched the GL. However…
  • Quantities and Values question

    I have an issue where my Quantities and Values as of date is future dated. No information in the knowledge base to assist...
  • Current Balance of inventory account

    I am using Simply Accounting by Sage Premium (Version 2010 Release D Update). Recently I tried to run a general ledger report of our inventory account (by selecting Report-->Financials-->General Ledger). But the current balance changes significantly depending…