SageForum for UK versions of Sage 50- Help and support.

Sage 50cloud
Version 25.1.121.0

New to the world of Sage.
Plenty of experience with "large" ERP systems and integrated accounts packages.

Does this version of Sage perform, what I would call the following basic accounting entries?

a) Goods Received. Receive an item against a purchase order. Dr Stock CR Goods received not invoiced

b) Receive a purchase invoice. Cr Purchase Ledger Dr Goods received not invoiced

c) Stock movements (Let's go with sales first). Item sold/despatched. Dr Cost of Sales Cr Finished Goods

If Sage50 doesn't, do any of the larger packages?

Thanks

In the pro version...

Goods are received against purchase orders, when the goods are received a Goods In GI transaction is entered in the Stock Transaction history and the Stock level increased.

Sage50 does not make entries for stock adjustments in the nominal ledger. The way stock is managed from an accounting point of view is to do a single stock journal each accounting period, using the opening/closing stock wizard.

Purchase orders can be updated to the ledger to record the purchase invoice, to do this the goods must have been received and must not have already been invoiced, you can do a partial update where only some of the goods are received and the update can span several purchase orders. Again the stock valuation in the nominal ledger / financails is set at the end of the accounting period using the opening closing stock wizard.

When goods are despatched on a sales order they are removed form stock with a Goods Out GO transaction. Where goods are invoiced directly the stock movement happens when the invoice is updated to the ledger. Again the stock valuation in the nominal ledger / financails is set at the end of the accounting period using the opening closing stock wizard.

Thank you.

What about Sage 100 / 200 / Manufacturing / any others - do they update the nominal/general ledger with each transaction?

Rather than the single journal at the end of the month?