Sage 50 Bill of Materials for inventory management of Sage 50

Sage 50 Bill of Materials Revisions

Bill of Materials Revisions in Sage 50

Revisions allow you to make changes to the bill of materials for assembly items that have been used in transactions. You can access the Revisions window by selecting the Revisions button, which is located on the Bill of Material tab of the Maintain Inventory Items window. The Revisions window lists all revisions that have been made to the bill of materials and the effective date for the revision. From this window, you can either create a new or edit an existing revision. The original bill of materials is always listed as Revision 0 and cannot be deleted.

Updates

Bill of Material – Revisions are valuable because they update the bill of materials without altering the original bill of materials. Any item built before the new revision date will be associated with the current assembly build. Revisions allow you to make slight changes to the bill of materials without requiring you to create a new Sage 50 inventory assembly.

Although you can use them in a number of ways, revisions are only intended to be used to make minor changes to the bill of materials. To help clarify what constitutes a minor change and to further explain when to use a revision as opposed to another assembly item, consider the following examples:

Sage 50 Bill of Material – Revision vs New

When to create a revision: You produce large quantities of an item and occasionally the options for that item change mid-stream. Let’s say that the screw that you are using for the item is no longer available or you want to use a different screw. By replacing this component only in the bill of materials, you create a revision. This allows you to produce an assembly item that may differ slightly, but is treated identically for inventory purposes.
When to create a new assembly item: You produce large quantities of an item and occasionally the options for the item change mid-stream. Let’s say that one of the components for the item has tripled in price.In this case, we recommend that you create a new assembly item instead of a revision. You should create a new assembly item when costs greatly increase or components change significantly.

Changes to the bill of materials are entered on either the Create a New Revision or on the Edit an Existing Revision window. This is dependant upon whether you selected the New or Edit button in the Revisions window.

Modifications

In this window, you can add and delete items, move items up or down on the component list. In addition, you cab change the quantity required. While you have a great deal of flexibility in what you can change. However, it is important to remember that revisions should only be used to make minor changes to the bill of materials.

When entering a revision, a ‘revision number’ is assigned to the revision and will be listed in the window. For reports that list the bill of materials, the corresponding revision number will also be listed on the report.This will help you keep track of which items should be included in the bill of materials.

Two other very important parts of a revision are the Effective Date and the Note. The effective date is important because it determines when a revision will be used by Sage 50 to build or un-build assemblies. Likewise, a note helps you identify the purpose of a revision. If a note is not entered, Sage 50 will automatically insert a generic note. This note includes the date, time, and the Sage 50 user who entered the revision.

To learn more about Bill-of-Material Revisions in Sage 50 and Sage 100, Accounting Business Solutions by JCS offers training classes. Both a Sage 50 Manufacturing and Sage 50 Inventory Management training classes. For Sage 50 support and training, call us today at 800-475-1047 or visit us www.jcscomputer.com.

December 24, 2018 Customer Service Sage 50 Accounting Comments Off

Quantity Discounts in Sage 50

How do you use Quantity Discounts in Sage 50? What are Quantity Discounts in Sage 50 used for?

The Maintain Quantity Discounts window allows you to set up discounts for items based upon the quantity sold. You can set up your inventory so that when a customer purchases a specified amount of an item, its sales price is discounted by a percentage or a set amount. For example, you could give customers a 10% discount if they purchase 50 or more of a certain inventory item.

When you set up a quantity discount, you can specify up to five different quantity ranges and corresponding discounts. For example, you could create a quantity discount that gives a 5% discount if 25 or more widgets are purchased, 10% if 50 or more widgets are purchased, 20% if 100 or more widgets are purchased (and so forth), until you’ve created as many quantity discounts as you need. You can create a unique quantity discount ID for each item in your inventory, or create one quantity discount and apply it to whichever inventory items you choose. For example, you could create a discount for a seasonal sale and apply the discount to your seasonal inventory items. You could also create a separate discount specifically for lawn mowers. Quantity discounts are available for stock, master stock, non-stock, service, labor, and assembly item classes.

After you set up the quantity discounts and apply them to inventory items, the sales prices will be automatically discounted on quotes, sales orders, sales invoices, receipts, credit memos (Apply to Sales tab), memorized quotes, and memorized invoices.

Note:Quantity discounts are calculated separately for each line of a transaction. If you create a quantity discount where purchasing 40 widgets discounts the widgets by 5%, all 40 widgets must be entered on the same line in order for the discount to be calculated.

When you sell items in multi-pack units, Peachtree checks to see whether the number of units in the multi-pack meets the criteria for a quantity discount. For example, if you create a quantity discount where selling six items gives customers a discount, selling one six-pack of the item (a multi-pack unit that you created) would be treated the same as six individual units. The customer will receive the quantity discount.

If you would like to learn more about Quantity Discounts in Sage 50 and Sage 50cloud, Accounting Business Solutions by JCS offers a Sage 50 Manufacturing/Sage 50cloud Manufacturing training class. For Sage 50 support and training, call us today at 800-475-1047 or email us at solutions@jcscomputer.com.

December 24, 2018 Customer Service Sage 50 Accounting, Sage 50c, Training Comments Off

Sage Software Sage 100 Month End Checklist, Sage 50 month end checklist, Sage 100 support, Sage 50 support

Sage 50 / Sage 100 Month-End Checklist for Sage Software

Sage 50 month end Checklist or Sage 100 month end checklist

One of the main benefits of using an accounting or an ERP system is the organizational advantages offered by these products. Whether you are using Sage 100 ERP or Sage 50 software, it is crucial to keep your monthly finances accurate and up-to-date. Never fall behind with our handy Sage 50 / Sage 100 Month-End Checklist!

Sage 50 / Sage 100 Month-End starter Checklist: Get the full version of month end checklist here

Enter your sales and purchase invoices for the month.
Enter all monthly payments and receipts from check stubs and paying-in slips.
Enter direct debits, ACH transfers, checks, and so on from your monthly bank statements.
Reconcile bank accounts for the month, including credit cards.
Enter journals or run wizards for accruals, prepayments, depreciation and so on.
Depending on where you live and your payment schedule, calculate, file, and pay your monthly state and federal employment and sales taxes.
Run Aged Debtors and Aged Creditors reports for the period.
Run Profit and Loss and Balance Sheet for the period.
Run month-end wizard (Tools→Period-End→Month-End).

Sage Software certified consultant

If you need help learning how to use these helpful Sage 50 / Sage 100 month-end features, call the certified Sage consultants at Accounting Business Solutions by JCS today! Our experienced, professional staff offers a full range of Sage software consulting services, including Sage 100 support, Sage 100 classes, Sage 100 data repair, Sage 50 support, Sage 50 classes, and Sage 50 data repair for all years and versions of your particular Sage product. Our nine locations, which include Detroit, MI, Chicago, IL, Charleston, SC, St. Louis, MO, Mandeville, LA, Dallas, TX, Naples, FL, Atlanta, GA, and Sacramento, CA, are conveniently located throughout the United States to serve you better. We also offer remote assistance and in-house help. Get help with your Sage 100 or Sage 50 software by calling 800-475-1047 today, by emailing us at solutions@jcscomputer.com, or by filling out our contact form. Your success is our goal! get your month end checklist here

September 27, 2018 Customer Service Sage 100, Sage 100c Sage 300c, Sage 50 Accounting, Sage 50c Comments Off

Sage 50 Manufacturing Demo

Find Sage 50 Manufacturing Demo

Discover the Advanced Features in Sage 50 Manufacturing!

Call now – Send an email – find promotional pricing

Learn why Sage 50 Manufacturing is a great solution if you’re a smaller manufacturer with simple manufacturing processes. Sage 50 can be personalize during the initial setup and is easy to use. This powerful Software covers all the important areas your business needs to help you organize your operations and support your back office accounting. (formerly Sage Peachtree Premium for Manufacturing)

What are the Top Features Found in Sage 50 Software for Manufacturing?

Sage 50 Manufacturing is made up of four main sections.

Sage 50 Inventory Module:

The first step is to set up each individual stock item before they can be added to a finished item bill of materials. There is 1 warehouse available in Sage 50. Each Sage 50 inventory item can be assigned to a single bin location. The choices for classifications for a Sage 50 inventory items are stock, assembly, serialized stock or serialized finished assemblies.

Sage 50 Bill of Materials:

Sage 50 manufacturing is intended for small & developing manufacturing businesses. The Sage 50 Bill of Materials allows users to produce detailed bills of materials for finished items to be made. The Sage 50 bill of materials can include a range of components with any number of sub-assemblies. Each assembly has an option for revisions and a date that revisions are effective.

However, each sub-assemblies needs to be built individually before the finished item is built. Sage 50 does not have the capabilities of automatically using nested bill of materials. Once each sub-assembly is manually built, the final assembly can be completed and the total cost for the finished item is available.

Sage 50 Work Tickets:

The Work Tickets form can be customized and used to provide a printable document with a list of components and simple steps needed in the process. By using Sage 50 Work Tickets you can also view alerts helping to determine if there is not enough stock to complete finished items. It offers all the functions needed for manufacturing firms who work within a repetitive manufacturing cycle. Historical transactions can provide and estimate of profitability for previous finished items. These can be used as a basis for newly created client quotes.

Sage 50 Work Tickets What If:

A user can specify more or fewer finished items that will be made. Then based on the total needed it can indicate if there is enough stock on hand to complete the quantity needed. The ‘what if’ estimate looks at the requirements of the bill of materials, uses the settings to include purchase orders and sales orders to calculate the availability of items.

Sage 50 Assemblies:

If Work Tickets are not required a simple Assembly process within Sage 50 can be used to complete finished items, roll up the cost of all the components and deplete the raw materials quantity on hand from stock. This is intended for small business manufacturing companies that are engaged in continual batch manufacturing with quick turn around time.

Get A Sage 50 Software Manufacturing Demo

Offering the ability to manage material with limited labor tracking in a production environment along with cost roll-up capabilities for profitability by customer and inventory item as soon as the finished item is completed.

Sage 50 Premium Manufacturing has been retired from the Sage 50 product line with the release of version 2015.
Sage Premium Manufacturing functionality is now part of Sage Quantum.

Learn more – call to schedule your Sage 50 Manufacturing Demo

800-475-1047 solutions@jcscomputer.com

www.jcscomputer.com

A Sage 50 Manufacturing Demo normally takes 45 – 60 minutes of time. During the demo we can help answer your Sage 50 questions:

Once a demo is completed you will understand if it has the functionalities for your manufacturing facility.

Why use Accounting Business Solutions by JCS?

Accounting Business Solutions has over 35 years of accounting and business knowledge as well as proficient technical background. Find the training and support your business needs and deserves working with a proficient expert Sage 50 consultant. You can work with the same consultant to help you master your Sage Software. Call and use online tools for those occasional questions you need help with so you can understand best practices. Learn how to manage your company information and books. Sage Timeslips Demo

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October 27, 2016 Customer Service Sage 50 Comments Off

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