• Buy & Sell Inventory with different part numbers

    Hello. I'm trying to sort through our inventory and I'm looking for a way to purchase a part that comes as a kit and then sell the individual pieces from said kit. The problem is the kit is one part number and the individual pieces are another. I have…
  • Inventory set up

    I am setting up Sage 50 for a new company and have used Sage 50 in my past positions. In my new setting, we are trying to use inventory in Sage rather than using Misys. The issue I have is in the fact we sell rolled goods which can be all different sizes…
  • Adjusting the total of a Paid Bill

    I entered a bill for $3000 and paid it. the vendor called and said the bill was for $5000 and turns out I entered the bill wrong initially. Since the month was still open I changed the bill amount from $3000 to $5000 which created an open balance of…
  • Bill of Material

    All of our raw material are in Kilograms and our final product is also in kilograms. Our formulation should look something like: (1) Product A 27.5% (2) Product B 70%, (3) Product C 0.5% (4) Product D 2% Total 100% But when writing that…
  • Outstanding Checks - balance transfer between liability accounts

    Hi all - I recently inherited an accounting position where my predecessor was playing catch-up trying to re-create a company's records with incomplete information. The company uses 2 credit cards to help with cash flow in paying vendors. I recently…
  • Year End Closing

    Hello All, I recently took over the accounts payable department at my job. I learned that when they close the year out, they do close the current year, they actually close the prior year. For example: 12/31/15, they closed out 2014 not 2015. My questions…