We are about to start using an existing company set up in Line 50 for stock and SOP. Previously stock was handled by a separate program and we entered OS and CS manually at each month end
To do so we will import Product data from excel then transactions (just Adjustments In) to update stock levels.
This we can do ... My question is whether Sage will update opening / closing stock levels after import or if we will need to run a stock valuation and update manually.
I.E. Will Sage update the Nominal with the new stock levels or do we continue to post opening / closing stock levels at month end ?
Hi Richard We always ask newbies to pop a bit of an intro on the first post. So, just a bit of background - is this for your own business, or for your clients? If the former out of interest, how many lines of products/what type/are you on a 2nd hand VAT margin scheme? If the latter also how long a bookkeeper, do you just work for the one company or do some self employed bookkeeping work as well/who did you train with/what qualifications do you have or are you undertaking? Where are you based? Not too much - just to give us an idea.
-- Edited by Cheshire on Saturday 22nd of October 2016 03:07:33 PM
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
