Sage Line 50 tutorial is designed for book-keeping software, in this blog we will teach you how to use this software. In sage line 50 blog you will learn about how to install and operate Sage Line 50 and how to install on network.

Entering Your Product Opening Balances

In order to keep accurate product levels, you should enter the opening balances for each stock

To enter your opening balances for your products

1. From the Sage Line 50 toolbar, click Products.

2. Select the product codes for which you want to enter opening balances, then click Record.

3. Click the O/B button attached to the 'In Stock' box.
The Opening Product Setup window appears.

4. In the Opening Product Setup window enter the opening balances as follows:

'Ref' The reference for the opening balance, for example, O/BAL.

'Date' The date for the opening balance.

'Quantity' The quantity of the product that you currently have in stock.

'Cost Price' The unit price at which the opening stock is valued.

5. To record these details, click Save.

Note: If you have selected several product record codes from the Products window, use
the previous and next buttons to move between product records to enter their opening

When you save the opening balance for a product, Sage Line 50 posts an ‘Adjustment In’
transaction, which appears on the product reports. The valuation report shows the
opening stock quantity at the cost price you entered.


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