Question

1. Describe the different methods of adding a new supplier in Sage 50.

2. How do you make corrections to a sales invoice after posting? What do you enter? What does Sage 50 do?

Answer 1

1) The different methods of adding a new supplier in Sage 50 are

• Continue. Create a purchase invoice for this new supplier without adding the supplier to your company records.
• Quick Add. Add just the supplier's name to the record. You can always add or change that supplier's contact information after processing the bill.
• Full Add. Enter a complete supplier record.

2) After a posted sales invoice has been partially or fully paid, you cannot correct or cancel it from the posted sales invoice itself. Instead, you must manually create a sales credit memo to void the sale and reimburse the customer, optionally managed with a sales return order.

Sage 50 Accounting provides two ways to correct transactions: by adjusting and reversing them.

The adjustment feature allows you to correct transactions after they have been processed, without having to record two entries in your company ledger. Sage 50 Accounting automatically reverses the original transaction and enters the corrected transaction in one step, behind the scenes.