This Knowledgebase article will show you how to access system settings for Inventory & Services and modify module settings.

Before you make any changes to Inventory & Services settings, you must sign in with administrative rights in single user mode.

To access the settings, click on Setup from the home windows, select Settings, Inventory & Services. You will be able to see a list of setting options on the right pane of the screen.

• Options
  • Inventory Costing Method (only available in Premium or Higher version): you can choose either Average Cost or First in, First out(FIFO)
  • Profit Evaluation Method: you can evaluate profit on goods and services using either a Markup or Margin.
  • Sort Inventory & Services: enable you to specify,if the inventory items should, by default be listed by Numbers or Description.
  • Foreign pricing: choose either calculating prices using the exchange rate at the time of the sale or taken from the foreign price listed in the Inventory & Services record.
  • You can also select if the inventory level can drop below zero quantity.
    
• Price List (Premium or higher version)
  • Sage 50 automatically sets up three price lists for you: regular, preferred, and Web pricing. Each item or service record contains fields which allow you to enter a price for each of these preset price lists, if you want to use them.
  • In Premium or higher version, you can add, change, or remove additional price lists.
    
• Locations (Premium or higher version)
  • Allow you to track inventory items in multiple facilities.
  • Once a location gets used in a transaction, it cannot be removed or made inactive. Locations also cannot be turned off. If you want to edit location codes, be sure to do so before performing any transactions for them.
    
• Categories (Premium or higher version)
  • Use this feature to group related inventory and service items together.
    
• Names
  • Add additional information that will appear in the inventory and services ledger for each item.
    
• Linked Accounts
  • Link accounts for item assembly costs and adjustment write-off.