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Rebecca Hawker

Stock adjustments

SUGGESTED
Posted By

Hi!

We are starting to use the opening and closing stock feature on Sage 50, and I therefore need to adjust the stock so that we have an accurate value.

I need to post opening and closing stock for November. For the adjustments to stock (so I have the correct figure), do I need to post the adjustment dated as 01/11/18? Or does it not really matter since this doesn't actually affect the P&L or balance sheet? As I'll be using the opening and closing stock wizard to post to the accounts.

Thanks in advance!

  • 0
    SUGGESTED

    Hi Rebecca,

    Thanks for using Sage City.

    Although the stock adjustments won’t appear on your P&L or Balance Sheet I still recommend that you post these 1 November 2018, just so they fall into the correct period for any product / stock reports that you run.

    If this has answered your question please click More > Verify Answer.

    Regards,

    Paul

    Sage UKI

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