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11 The difference between Online and Offline of posting type in Inventory & Billing Settings

Scenario: The solution below is explaining the difference between Online and Offline of posting type in Inventory & Billing Settings. Solution: 1. Online Posting - Saved transactions are directly posted to GL Accounts in the Accounting system. No editing…

12 The difference between Perpetual Inventory System and Periodic Inventory System

Scenario: The solution below is explaining the difference between Perpetual Inventory System and Periodic Inventory System. Solution: 1. Perpetual Inventory System -> Inventory and Cost of Goods Sold accounts are updated continuously during the period.…

13 To activate the Tax

Scenario: The solution below shows the way to activate the Tax during add entry. Solution: Go to Control Panel > Settings > Accounting Settings > Others, at Enable GST/VAT set to "Yes" and click on Save.

14 To assign user rights to the user to use the journal for data entry

Scenario: The solution below shows the way to assign user rights to the user to use the journal for data entry. Solution: 1. Go to Maintenance > Accounting > Journal. 2. Double click on the Journal. 3. Click on User Rights tab. 4. Tick the check box…

15 Types of costing method available in the system for stock valuation

Scenario: How many types of costing method available in the system for stock valuation? Solution: There are three types of costing method available in the system for stock valuation: 1. Fixed Cost - Costs that do not get changed when purchase price differs.…

16 What is the database entity in Sage 50? Featured

Scenario: What is the database entity in Sage 50? Solution: Sage 50 database is designed with independent database entity model. It is separated into two individual entities as master database and company database . Master database is separated to enable…

17 What is the different between Periodic Inventory system Vs Perpetual Inventory system?

Periodic Inventory System Perpetual Inventory System (New) è Inventory and Cost of Goods Sold values are calculated at the end of the period during generation of financial statements è Inventory and Cost of Goods Sold accounts are updated continuously during…

18 Why is it difficult to reach Sage via the helpline?

Thank you for calling Sage. Unfortunately we are experiencing heavy call traffic. This has overwhelmed our phone lines despite having a significant number of lines and agents. We sincerely apologize for this inconvenience. Nonetheless, to expedite matters,…