Sage 50 Canada

Hi All, We're a small contracting company, and we just closed our first year. Last year we didn't link our sales invoices to inventory accounts, rather manually adjusted which wasn't a big deal because we have fewer, larger invoices given our industry…

Hi there, My company has several Inventory Items that we would like to remove from our system for various reasons. Our supplier has discontinued them, upgraded to a new version, etc. However many of these inventory items have been sold to customers…

Hi, I'm trying to determine what the best way to track the costs of external processes on inventory items? hoping some folks around here could chime in. RM=RAW MATERIAL AS=ASSEMBLY FG=FINISHED GOOD EXAMPLE: 1. 10 x Widgets item number (RMWIDGET1…

Hi there, We started using an app called Jane and instead of entering the inventory items twice in Sage and Jane, we decided to simplify and keep a detailed account of our inventory in the Jane app only. We entered the expenses and sales in the Sage…

New to book keeping and new to dealing with inventory... I'm confused how we deal with inventory tracking in sage 50 Canadian edition. I set up our inventory module and added inventory items successfully. For each item, it asked me to link an asset account…

We are a factory using Sage 50 Quantum. We use average cost and quantities were not negative. I managed to set the correct quantities and values of the inventory by using the inventory module, by first resetting the value to 0 in the module and then adding…

Hi everyone, We use pallets to ship our produce and we want to start keeping track of the pallets. Can I do this as an inventory item in sage without money involved. I know I would have to assign accounts to the items but not sure what accounts to use…

Hi, I'm helping out a freelance writer who recently published their own book. I'm a bit lost as to how to treat the transactions in that most of the inventory (i.e. books) arrived around mid-December. The majority of expenses were incurred in 2018…

Good day, I was wondering if someone could please help me with my predicament . I was asked to record inventory but i've never done it before in Sage. I understand beg + purchase - Ending = inventory. I have debited the beginning inventory and I recorded…

I have an invoice for inventory $1620.46 but it also has $517.75 us exchange totalling 2138.21. how would I enter this? How do I ensure that the inventory is charged out without losing money?

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…

I'm new to bookkeeping and have taken over from someone else who set up the books. I am unable to close history due to Inventory B having a value of $1,000 entered into history but not having any actual inventory linked to it. Error reads: The total…

I am stocked and can't start a new year, due to this 0.02 and I can't find out who to make it balanced, does anyone can help me?

Hi, Please help. We buy kit which consist of different parts. And sell each part to customers. How can I set up this in Sage. Right now we can only by kits and sell kits, not parts in kits. Thank you

When I enter a new inventory item under the Linked tab I am able to assign the item to various accounts based on four categories: Asset, Revenue, COGS, and Variance. My question is how "granular" should I be in regards to the assignment of these inventory…

Hi, This is causing me so much trouble. Please help. I buy larger bags in 15kg or 18kg sizes and break them down to as small as 100g units to sell as part of other items. I already figured out that my big bag had to be set up as a different sales…

Using sage 50 premium accounting. I recently started at a place that has their inventory listed in sage. It is our year end now, and I can't make inventory adjustments to actual because: When their inventory items were originally entered, they entered…

Hey guy's, So we finally added inventory to our system and we were hoping that by setting stock minimums we would be able to auto generate purchase order's. I was chatting with the tech support and they told me its not possible with the Canadian…

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…

i have been using sage 50 for years but i now have it for my own small business. it seems to have more features than the version i have at work. for example, when i create a purchaase invoice, it gives me the option to select from the inventory which…

how can we convert inventory into finished products in the sage 50. we buy raw material and enters as inventory in the system, So different raw material is used to make final product which is subsequently sold to the customers. Now if I sell the finished…

We returned items to our vendor and I posted a negative purchase order for the amount of the returns. We were paid by cheque and I don't know how to post it to properly adjust the credit amount in the vendor account/

We are a small manufacturer. We've just finished creating all of our inventory items, including raw materials and finished goods. For finished goods, we used the "build" tab to create our BOMs, which identify the quantities of raw materials required for…

Hello everybody, need your help here. First, I'm using Sage 50 Quantum 2013. So here's the problem ; I'm trying to flush 2 PO out of our system but they don't want to go. Here's the error I get : "Sage 50 can not find the stock part of this transaction…

Some of my inventory is being sent to another Account. Let's say I want all Inventory to be in 1240 but some goes automatically to 1260. How to I check and correct it?