• Sage 50 US - Inventory Adjustment impacted prior month COGS

    Current month inventory adjustments were made. system using average cost method. some inventory got write off or adjusted up, and then noticed few prior month's COGS increased, not all prior month, but the impact was hitting April to July's PL. …
  • 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 adjustment List will not load

    Hello everyone, We are using sage 50 accounting 2020. We added columns to our list from the settings menu on the inventory adjustments window. Now we are unable to load the data, it just continues to attempt to load. And because it is loading, access…
  • Inventory set up for job costing

    My company has been using general journal entries to enter costs for inventory items so that they would be costed into each job. We didn't set up inventory when we switched to Sage 50 because we weren't going to have a large enough inventory. Now we are…
  • Inventory adjustment for scrap parts

    Hi, I received a list of scrap parts. All these items were already adjusted in the inventory. The total value of these scrap parts is $2450. Do I also have to post an entry journal for the loss? If it is so, do I have to debit to the account Scrap/Inventory…