Sage 50 Peachtree Maintain Inventory Items and Last Unit Cost

Sage 50 Peachtree Maintain Inventory Items and Last Unit Cost guide

Sage 50 has earned respect as an easy to use desktop accounting software tool for new or old small and medium size organizations. In fact, well established organizations are also using it. It can be armored up to do larger projects too. The popular uses of this software include account payable and receivables, cash flow, timely payment of bills etc. It has been developed keeping the accounting and finance industry needs in mind. At the same time, many numbers of users can use it. Besides, there are forward-looking features like inventory management and module-level security too.

Sage 2018 of Sage 50 U.S. Edition was released on July 12th. The updated brand new version has important improvements which will be multipurpose for any Sage user.

Understanding Inventory Items and Last Unit Cost in Sage 50 Peachtree

Normally, the last unit cost of products should be tracked before you buy for resale – whether these products are kept in inventory or they are taken for circumstantial jobs. For setting this up, a new inventory item has to be created. The ‘Maintain Inventory’ window has to be used. The most crucial field in this window is the ‘Item Class’. The ‘stock item’ has to be selected if one wants to track the most recent price paid. By selecting ‘stock item’, the user can know when this item was purchased. The price has to be recorded in the ‘Last unit cost’ field on the inventory screen to make it smoother. This wonderful feature allows the user to speedily and accurately look up what was paid for that particular entity or item.

Read More : To Create an Inventory or Service Item Record in Sage 50

Can Stock Items be Returned at the Same Cost as When they were Sold?

That is not possible. Sage 50 applies the cost that the last unit cost is for an inventory item when it was returned so that there are no issues or confusion.

This problem or error code is quite usual in case of Sage accounting products. The options available for supporting this problem are by self-service or paid support options. Sage Experts are there at Accounting Advice to resolve your Sage issue to assure minimal downtime and proceed in running your business. Firstly, try resolving the issue yourself by looking for a resolution. For more detailed explanation about Inventory item Last Unit Cost in Sage 50, get in touch with the Sage 50 tech support team at Accounting Advice. You will be glad by the quick assistance.

Also Read : Peachtree Sage Writing Error Repair

Final Words

So, there you have it friends, these are some of the facts, features and other related aspects regarding SAGE 50 PEACHTREE MAINTAIN INVENTORY ITEMS AND LAST UNIT COST. However for further details, be sure to visit us at and you are sure to be surprised with the details offered.

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Frequently Asked Questions (FAQs)

Is it possible to Change the Last Unit Cost in Sage 50?

Yes, for this you simply need to:
1. Click Select the item that comprises of the prices you want to change 
next click Open. 
2. Go to the General tab of the Maintain Inventory Items screen
3. Now select the arrow button next to the item’s sales price. 
4. The Multiple Price Levels window will be displayed. 
5. Finally Type over existing prices with the changes you want to make.

How can one Maintain the Inventory Items in Sage 50?

For this you need to use the Beginning Balances option within the General tab in Maintain Inventory items. Within the beginning balances, you need to select an item and enter how many of the items you have on hand when you first start using Sage 50, along with how much the items cost you to purchase.

Is it possible to Reduce the Inventory Cost?

Yes this can be done in the following manners:
1. Avoid Overstocking: Instead of this, invest in trying out the latest products and looking for new opportunities to grow your business.
2. Get rid of your Deadstock: You need to return obsolete inventory to the supplier, bundle it together and sell it at a discounted price or donate it to free up the space in your warehouse.
3. Reduce supplier Lead Time: You need to reduce the amount of time between shipments, you will be able to reduce how much stock you have on hand.
4. Choose better Inventory Management Software: This will help centralize the control of your inventory and automated processes.

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