Sage 50 Accounts For Dummies® 2nd Edition

Chapter 12

Keeping Track of Your Products

In This Chapter

Recording a stock take

Building a Bill of Materials

Processing stock returns

Assigning stock

A lot of money is often tied up in stock, and having proper control over your stock procedures makes good business sense. In this chapter, I give you the tools to manage your stock.

I cover recording a stock take, which you can do with any version of Sage, in the first section of this chapter; I then explore the added features available only in Sage Plus and Professional versions.

Taking Stock

Every business should undertake a stock take periodically – once a year at the very least – so that the year-end accounts show an accurate stock position. However, actually carrying out a stock

take can prove a logistical nightmare, particularly if you have a vast array of products.

Usually, recording a stock take is best undertaken when the factory or office is closed for normal business. Many a time, I’ve rolled out of bed on a Saturday to help do stock takes! Whilst Sage doesn’t allow you the luxury of a weekend lie-in, it does help you organise ...