To Enter your Opening Balances for your Products
1. From the Sage Line 50 toolbar, click Products.
The Products window appears.
2. Select the Product codes for which you want to enter opening balances, then click Record. The Product Record window appears, showing the Details tab.
3. Choose the O/B button that is attached to the In Stock box.
The Opening Product Setup window appears.
4. In the Opening Balance Setup window, enter the opening balance details, as described below:
If you have selected a non-stock item or a service item, you cannot enter an opening balance for this product.
5. To accept these details, click Save or to return to the Product Record window without saving, click Cancel.
If you selected several product record codes to work with from the Products window, use the Next or Back buttons to move between product record codes to enter their opening balances.
When you save the opening balance for a product, Sage Line 50 posts an Adjustment In transaction, which appears on the product reports. The valuation report shows the opening stock quantity at the cost price entered.
You can enter the following product opening balances:
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