Sage 50

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Expired Inventory

Posted By ZRen 8 months ago

I'm using Sage 50. What entries do I need to make to show that inventory has expired and is now a business loss?

p.s. to post this I had to select a subcategory but I don't think that Database software applies??

Thanks

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0 C White 8 months ago

Have you tried the inventory adjustment screen? This screen can be used to remove items from your inventory, or to reduce their value. Either removing an item or reducing a value will credit your inventory asset, which it sounds like you want to do. The inventory adjustment screen should also let you choose any expense account you want to receive the offsetting debit.
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0 C White 8 months ago

Have you tried the inventory adjustment screen? This screen can be used to remove items from your inventory, or to reduce their value. Either removing an item or reducing a value will credit your inventory asset, which it sounds like you want to do. The inventory adjustment screen should also let you choose any expense account you want to receive the offsetting debit.
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