Make New Accounts in Sage 50 – Instructions

Make New Accounts in Sage 50: Overview

You can undoubtedly make new records in Sage 50. If you made your graph of records utilizing one of the business types recorded in the “New Company Setup Wizard,” then, at that point, you probably have a full diagram of records which will give you every one of the records important to maintain a business. Be that as it may, you might need to add, erase, or rename explicit records in the default graph of records. You will likewise have to enter “opening adjusts” for your records, also. This should be possible utilizing the “Keep up with Chart of Accounts” window. You can open this window by choosing “Maintain| Chart of Accounts… ” from the Menu Bar.

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In the “Keep up with Chart of Accounts” window you add, rename, and erase accounts. You additionally use it to enter opening adjusts for accounts and get ready record spending plans. Notice the toolbar at the highest point of the window. It contains buttons that permit you to add, alter, and erase accounts from your organization document’s graph of records. Utilize the “Nearby,” “New,” “Rundown,” “Save,” “Save and New,” “Erase,” and “Change ID” buttons to alter the records.

Underneath that toolbar, you can utilize the “Record ID” drop-down to recognize the record by ID. The record ID can be up to fifteen characters long and alphabetic or potentially numeric. You can utilize the “Change ID” button to change account IDs. The “Portrayal” field shows a depiction for the record. You can likewise utilize the “Inert” checkbox to make the chose account dormant.

Notice every one of the records that seem when you click the “Record ID” drop-down. Snap on any ID to choose it from the rundown. To see a posting of the multitude of records inside your outline of records, click the “Rundown” button in the window’s toolbar to open up a different record list in another window.

Make New Accounts in Sage 50 – Instructions: An image of the “Keep up with Chart of Accounts” window in Sage 50.
Make New Accounts in Sage 50 – Instructions: An image of the “Keep up with Chart of Accounts” window in Sage 50.

You will likewise see a little window show up at the right half of all the “Keep up with” windows, like this one. This side window is the “Arrangement Advisor” board. This board shows you data about the reason and potential employments of whichever field you as of now have chosen inside the “Keep up with” window. You can fall the board by tapping the “X” in the upper-right corner. You can tap the fell board to grow it again and show the field data.

To make new records in Sage 50, click the “New” button in the toolbar, if necessary. Then, at that point, enter the Account ID to provide for the record, the portrayal of the record, and afterward select the record type. We should take a gander at the data that we should give Sage 50 to add records to the diagram of records.

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The primary thing that you should furnish Sage 50 with is a record number. Sage 50 permits the utilization of both alphabetic and numeric characters in its record numbers. You should set up a record numbering framework that is both methodical and sound. The record numbering framework you apply ought to be simple for others to both utilize and comprehend. In a conventional General Ledger, individual records are numbered and set into numeric reaches like the records displayed in the accompanying table. This can be a useful aide for setting up account numbers in Sage 50.

Sage 50’s example organizations use account numbering plans like the ones represented in this table. As you make new records in Sage 50, remember a couple of rules about the ID Codes:

They can contain up to 15 characters.
You can adjust account IDs after they have been made.
You can alter account portrayals whenever.
Spaces between characters are permitted.
Record numbers are arranged sequentially: numbers first, then, at that point, letters.
Records numbers are not case-touchy.
There must be one Retained Earnings account.

Whenever you have entered a record ID, type a portrayal of the record into the “Depiction” field. Depictions can be changed whenever. From that point forward, dole out the record to one of Sage 50’s record types by utilizing the “Record Type” drop-down. They are: “Records Payable,” “Records Receivable,” “Aggregated Depreciation,” “Money,” “Cost of Sales,” “Value doesn’t close,” “Value gets shut,” “Value Retained Earnings,” “Costs,” “Fixed Assets,” “Pay,” “Stock,” “Long haul Liabilities,” “Different Assets,” “Other Current Assets,” and “Other Current Liabilities.”

Make sure to tap the “New” button each time before you add another record in the “Keep up with Chart of Accounts” window and to likewise tap the “Save” button in the wake of making each new record to save it into the rundown. On the other hand, you can save a stage in this interaction by just tapping the “Save and New” button, all things being equal.

Make New Accounts in Sage 50: Instructions

To open the “Keep up with Chart of Accounts” window, select “Maintain| Chart of Accounts… ” from the Menu Bar.
The toolbar at the highest point of the window contains buttons that let you adjust the records.
Underneath that, the “Record ID” drop-down recognizes accounts by ID number.
The “Change ID” button allows you to change chosen account IDs.
The “Portrayal” field shows a record’s depiction.
The “Dormant” checkbox allows you to inactivate chosen accounts.
To choose a current record, click the “Record ID” drop-down.
Then, at that point, click any record ID to choose it.
To see a rundown of every one of your records, click the “Rundown” button in the window’s toolbar to open a record list in another window.
The little board at the right half of all “Keep up with” windows, similar to this one, is the “Arrangement Advisor” board.
This board shows data about the at present chosen field inside the “Keep up with” window.
To implode the board, click the “X” in its upper-right corner.
Assuming you need to grow it, click the full board.
To add new records in Sage 50, click the “New” button in the toolbar, if necessary.
Type a record ID into the “Record ID” field.
Type a record depiction into the “Portrayal” field.
Select a record type starting from the drop at the right finish of the “Record Type” field.
Snap “Save” in the window’s toolbar to save your changes.
Snap the “New” button in the window’s toolbar to make another new record.
Get back to stage 15, above, and afterward rehash the means until you enter every one of your records.
On the other hand, click the “Save and New” button to solidify stages 18 and 19 in this interaction.
Snap the “Nearby” button in the window’s toolbar to close it.