Inventory for items not for sale

Question

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. Not even sure if I should be doing this in sage. Please help

Agate · Accepted Answer

Hi TWare: 
 In order to track these you may set up a service item with no retail price. As long as you put in a quantity Sage will track it. In order to see the numbers sent out let's say, go to reports, receivables, then sales reports. Select the service code, service codes and all clients. The report should show the number of pallets shipped for each invoice billed. Give it a try with the sample company to see the report. 
 Hope this helps!

Agate · Answer

Hi TWare: 
 If you are going to use inventory to track your pallets you will have to assign a dollar value to each pallet. I might suggest a penny so the financial implication is minimal. The other issue which may play a part is whether you are using negative inventory or not. Using negative inventory can create havoc with costing. If you are unsure try adding the inventory item to the sample company and try different transactions to see how it plays out. 
 One question occurs to me is why do you want to track the pallets? Cost? Do you want them back? If so, why not charge a deposit for each pallet to encourage their return? 
 Hope this helps!

Sage 50 Canada

Inventory for items not for sale

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