Hi. How do I move an item I have in stock to fixed assets. eg if I take a stick of RAM from stock and put it into a company PC how do I show this in sage?
Many thanks.
Nino.
Need more, need help now?
- - - - - - - - - - - - - - - - - - pay-as-you-go support - no contract - tenth of an hour billing - expert help - fast service - no call queues
Need integration?
- - - - - - - - - - - - - - - - - - with your shipping system - website - invoicing system - crm - cms - manufacturing - order import - back to back orders..
Need a report?
- - - - - - - - - - - - - - - - - - Excel reporting that pulls data from Sage - custom layouts - layouts that change adapt to your brands and/or for drop shipping.
Want web hosting?
- - - - - - - - - - - - - - - - - - Your own domain name - email - a shop - wordpress - woo commerce - ticket systems - help desks - forums - portals
- - - - - - - - - - - - - - - - - - pay-as-you-go support - no contract - tenth of an hour billing - expert help - fast service - no call queues
Need integration?
- - - - - - - - - - - - - - - - - - with your shipping system - website - invoicing system - crm - cms - manufacturing - order import - back to back orders..
Need a report?
- - - - - - - - - - - - - - - - - - Excel reporting that pulls data from Sage - custom layouts - layouts that change adapt to your brands and/or for drop shipping.
Want web hosting?
- - - - - - - - - - - - - - - - - - Your own domain name - email - a shop - wordpress - woo commerce - ticket systems - help desks - forums - portals
Move stock item to fixed asset
If I were to be doing this in our company, I would make the following entries:
Stock - Adjustments Out
Remove the stick of RAM with the description "To company PC - Asset No: xxxx" (or similar).
This will obviously keep your stock levels correct.
Nominals - Journals
Do a journal to remove the stick of RAM from your "stock" nominal and a corresponding journal to move it across to your nominal for computer or IT assets.
Then you will need to depreciate it in the normal way after adding it to the asset register list...
Unless of course, you were to take the view that if you are REPLACING the RAM rather than ADDING it to the PC, it would actually be a "repair or renewal" in which case it could be treated as an overhead ?
Stock - Adjustments Out
Remove the stick of RAM with the description "To company PC - Asset No: xxxx" (or similar).
This will obviously keep your stock levels correct.
Nominals - Journals
Do a journal to remove the stick of RAM from your "stock" nominal and a corresponding journal to move it across to your nominal for computer or IT assets.
Then you will need to depreciate it in the normal way after adding it to the asset register list...
Unless of course, you were to take the view that if you are REPLACING the RAM rather than ADDING it to the PC, it would actually be a "repair or renewal" in which case it could be treated as an overhead ?
Who is online
Users browsing this forum: Amazon [Bot], Semrush [Bot] and 1 guest