FormerMember

Stock take resetting last purchase prices

SUGGESTED
Posted By FormerMember

Hi,

We do our stock take just before Christmas every year using the stock take options in products and services, we then do a product valuation based on the stock take for our end of year.

The problem we have is that doing the stock take on sage resets the last purchase prices of all of our products back to the standard (undiscounted) cost prices which results in our product valuation being far higher than expected. We then have to manually go through each and every product, figure out how much the discounted amount should be and enter that in which is an incredibly tedious task that takes a very long time.

So the first part of my question is:- Is there any way to set the stock take option in sage to use the last discounted cost prices for product adjustments in rather than using the standard cost price?

I'm assuming the answer to the above is no, in which case does anyone have any suggestions of how we can automatically adjust all of our products back to the discounted cost prices without having to manually adjust them all?

Any help would be greatly appreciated.

  • 0
    SUGGESTED

    Hi Steve,

    Thanks for using Sage City.

    It’s not currently possible to set the stock take option in sage to use the last discounted cost prices for product adjustments. However, you can log this as a suggestion to improve our Sage 50cloud Accounts software on our Ideas Board.

    To log your idea select Submit an idea and then complete the form.

    Once logged, we’ll be able to use your idea and help us to shape your Sage software. Other customers will also be able to vote on your idea.

    Or, if you prefer, you can import your stock take from an Excel spread sheet or CSV file. You can then amend the stock take figures in the Excel spread sheet or CSV file, giving you more control as to how your products look after the stock take has been ran.

    To import a stock take:

    1. On the navigation bar click Products and services, click Stock Take then click Import.
    2. Choose either comma separated or Excel worksheet, browse to the relevant file, then click Next.
    3. In the Field Mappings window, map the fields, click Next then click Import.

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

    Regards,

    Paul

    Sage UKI

  • 0 in reply to Paul Morgan

    HI, I have exactly the same issue and because it changes discounted back to standard not only does it make the stock take report incorrect it also impacts on invoice profitability reports.  We have thousands of products so a massive job to manual change all back to discounted cost price, there surely must be a way around this?