Hello everyone,
I have a very specific question about inventory valuation in Sage 50 UK. I need to add a large batch of multivitamin emergency biscuits (with a shelf life of 25 years) to my inventory. These biscuits are used as a safety stock (for preparation, not for regular sale).
How should this type of product be accounted for in the software? Should this “resilient” stock, whose shelf life far exceeds the fiscal year, be assigned to a specific nominal account?
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Safety stocks with very long best-before dates
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brucedenney
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- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
Re: Safety stocks with very long best-before dates
Nut and bolts last forever. They go in stock nothng specail about the life of a product.
You could put them in theri own stock category so you can devalue them by 1/25 each year so in th elast year they are wrth nothing.
Then again if they are not being resold they have no resale value so should not be given any value at all.
It all depends on the finer details, why are you doing this?
You could put them in theri own stock category so you can devalue them by 1/25 each year so in th elast year they are wrth nothing.
Then again if they are not being resold they have no resale value so should not be given any value at all.
It all depends on the finer details, why are you doing this?
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