Balance Sheet not showing Stock

[bjt]

I'm using Sage Line 50 2007.

I know you have had a similar question to this before where you replied that a Stock code must have a cost price, all my stock codes have a cost price but none of my Supplier orders/deliveries show in the Current Assets section of my Balance sheet under Stock. What am I doing wrong?

I understand about Closing Stock procedures using 1001, 5200 & 5200 and I can carry out my closing stock chores using this but what about the stock purchases during the month/year.

My current stock is shown on the Products Module page under Quantity in Stock but not on the Balance Sheet.

The Balance Sheet shows Stock in the Demon data but that is not helping much.

I'm sure this is a very basic question and I have tried hard to resolve it myself with no luck.

Thanks

JohnT

[bjt]

Second line from the bottom should say Demo Date.

JohnT

[brucedenney]

Stock does not update the nominal automatically, you need to run the opening/closing stock wizard at each month end to make adjustments after doing the valuation.