Sage 50cloud accounting is a robust cloud-based solution that helps smaller manufacturers and retailers with inventory management. Its flexible reporting tools help businesses make informed decisions about their business.
After completing the post-conversion checklist, you’ll receive an email from Dataswitcher confirming that your data file has been uploaded and processed. Once this process is complete, you can begin using QuickBooks Online.
Creating a BOM
Creating a BOM is an important process that can be used to track the components of a product. It is also a useful way to record the costs of manufacturing the finished product. BOMs are available in a variety of formats and can be used in many different ways. Using a BOM can save time and money by ensuring that the correct items are ordered and received on time.
A BOM is a list of all the component parts and subassemblies needed to manufacture a final product. It is a critical tool for businesses that make products that require assembly. It can be used to reduce production times and improve profitability. In addition to tracking components, a BOM can also include labor and machine overheads. It can also help with planning, resource scheduling, and work ticket tracking.
To create a BOM, select the inventory item and check the “Block BOM to this Item” box. You can also specify the unit of measure, version, and date that you want to use for the BOM. You can also add a note to the BOM to record any known future changes.
To make changes to the BOM, click the Revisions button. This will display a window with a listing of existing revisions for the assembly. You can change any of the Item IDs currently on the BOM, or click Clear All to start with an empty list. You can also set the date that you want to use for the new revision.
Creating a sub-assembly
Managing multilevel bills of materials using spreadsheets is challenging. A good solution is Sage 200 Bill of Materials (BOM). It is a comprehensive inventory module that includes raw materials, assemblies, sub-assemblies and parts along with their quantities required for assembly. It can also include operational items such as labour and machinery, costing and scheduling. Its flexibility allows it to be used on its own or in conjunction with Sicon Manufacturing modules such as Work Orders and Material Requirement Planning.
Each stock code that makes up a component or sub-assembly needs to be set up as its own product record. Then a BOM can be created to link these products together. The result is a tree structure that starts with the finished good/parent item at level 0 and branches out to the individual components or sub-assemblies. The resulting indented bill of materials is easy to read and understand for the user.
Another feature of BOMs is that they can be revised. This can be important if the options for an item change mid-stream, for example when a new screw becomes available. A revision will have an effective date and a note so that any assembly transactions entered after this date will use the revised version of the BOM. This can help save 25-50% in inventory carrying costs such as insurance and floor space.
Creating a sub-component
Creating a sub-component allows you to use the same parts in different locations within a product. This can help you save time and money during assembly. This feature can also be used to make a single component into multiple variations. The process is similar to combining an existing component into a new one. To do so, you must enter a number that represents the total quantity of each variation. Once the quantity is entered, you can click “Add Component” to add it to your BOM.
The process of identifying the right part for a job is often difficult, especially when you’re working with complex assemblies. To minimize errors, you should provide a detailed description of each component and subcomponent. This information will help you identify the right part faster and more accurately. It will also help you save time, money and increase productivity.
In addition to describing the parts and their functions, a manufacturing bill of materials should record the components’ production phase. This will ensure that you have accurate purchasing assets and can establish safety stock and reorder points. It will also help you plan and predict project timelines.
If you need more advanced BOM functionality than the standard Sage 50 features, consider using an add-on. These add-ons allow you to easily view and analyze BOM’s by component, calculate current pricing and check BOM’s against incomplete purchase orders. They also support importing BOM’s from an Excel spreadsheet or CSV file.
Creating a stock item
Sage 50 is the perfect solution for companies that need to manage inventory items and services. It also provides a robust accounting framework that can support complex and sophisticated business processes. In addition, it supports multiple currencies and allows for a wide variety of transaction types. However, this flexibility can also be a challenge to work with. For example, if you need to set up different product configurations or pricing options, you may find it difficult to keep track of all of your inventory items.
When creating a stock item, you must enter the starting balances of all of the inventory items that make up the new stock item. You can do this by using the Maintain Inventory Items window or entering them manually. You can also choose to enter them all at once if you prefer.
For assembly items, you must also enter the final unit cost and serial number information. If you’re importing from Tradebox, be sure to tick the Process BOM Transfers box. This enables Tradebox to upload the potential quantity available for the end product back into the marketplace based on the free stock levels of the individual subcomponents.
Once you’ve entered the required information, you can save the new stock item. This will create a new bill of materials in the Inventory Items screen. You can then link the new stock item to a parent product in the Inventory Items screen, or you can use the drop-down menu at the top of the screen to select the desired parent.