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How to Create an Inventory item or Service?

    create an inventory in Sage 50

    With its incredible features, Sage 50 has helped businesses in performing their accounting functions with more efficiency. It has incorporated important features to ensure proper inventory management for businesses. With this, businesses can track the inventory coming into and out of the business during the entire year. If you are yet to use the inventory management features in Sage , you are surely missing something!

    If you are new to Sage 50 and are not fully aware of what it can offer, we have it covered for you! In this blog, we will tell you how you can create an inventory item or service in Sage 50.

    Read Also-: How to Export and Import Company Records in Sage

    Here we go!

    Procedure to Create an Inventory Item in Sage 50?

    Here are the steps to follow-

    • Open Sage 50
    • Navigate¬† to the Home window
    • Click the Inventory & Services¬† tab from the navigation pane
    • Click¬† on the Tasks pane¬†
    • Now do a right-click on the¬†Inventory & Services¬†icon¬†
    • Go to the menu and click on the tab ¬†Add Inventory & Services¬†
    • Navigate to the Type section on the window¬† on the right hand side¬†
    • Click¬† Inventory
    • ¬†Go to the Item Number¬†text box and type a reference number for the inventory item
    • Again, click on the Description¬†box to type a small description regarding the item.¬†
    • In the Sage 50 Premium Accounting version, you can select a category from the list populated already
    • Now navigate to the Inventory & Services Record window¬†
    • in each of the following tabs, enter the¬† relevant details-
      • Vendors
      • Units
      • Quantities
      • Serial Numbers (Only in Sage 50 Quantum Accounting)
      • Linked
      • Pricing
      • Statistics
      • Taxes
      • Build (Only in Sage 50 Premium Accounting)
      • Additional Info
      • Detailed Description
    • If you do not need to buy/sell an item, click the Inactive Itemcheck box at the bottom
    • Click on the File menu
    • click Save to finish

    Steps to Create a Service Item Record in Sage 50

    Here are the steps to follow-

    • Open Sage 50 accounting
    • Navigate to the Home window
    • Click the Inventory & Servicestab from the navigation pane
    • click the Tasks pane
    • now, right-click on theInventory & Servicesicon
    • go to the menu and click onAdd Inventory & Services
    • click on the Type section
    • Click the Service tab
    • In case you are using the Sage 50 Premium Accounting version, select the checkbox named Activity (Time & Billing) , if you need to include a specific service on Time Slips
    • navigate to the Item Numberbox and type a reference number for your service item
    • Again, go to the Descriptionbox and type a small description related to the item
    • In Sage 50 Premium , you can select a category from the already populated list
    • Now open the Inventory & Services Record window and enter relevant details in each of the following tabs –
      • Linked
      • Units
      • Pricing
      • Taxes
      • Additional Info
      • Statistics
      • Time & Billing (In Sage 50 Premium Accounting)
      • Detailed Description
    • If you do not need to buy/sell a particular service, you may click the Inactive Itemcheck box at the bottom of the window
    • If you wish to track a service, select the check box Internal Service Activity
    • Click the File menu
    • Select Save to finish

    Final Words :

    We hope the sequential steps above would help you create an inventory item or service in Sage 50. If you are still facing any difficulties in carrying out the above-mentioned steps or if you have any queries, you may speak to some of the authorized Sage experts.

    Accounting Hub Support Service 2

    ūüĎČ Frequently Asked Questions

    Are the Sage Inventory Management tools useful?

    Yes. Sage 50 is embedded with a completely web-based Inventory Management Module. You can manage and track your inventory with it in real time. It includes a host of modular features along with easy facility to integrate with Sage 50.  

    What is a service item on Sage 50?

    Service items are those non-physical items you buy and sell. To give you an example, a computer hardware repair company may enter both the stock and non-stock items in Sage to track the hardware items. They may also enter service items for other purposes such as virus removal or software upgrades.

    What is the Sage Inventory Advisor?

    The Sage Inventory Advisor is a cloud-based and secure subscription service. It helps you reduce excess inventory, working capital and stock-outs. It is fast to implement and affordable. You can connect it directly to Sage X3, Sage 100cloud and Sage 300cloud.  

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