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Products and services settings

Created on  | Last modified on 

Summary

Enter the default settings and preferences for your Products and services in Sage Accounting.

Description

To save time before creating your items, consider entering default settings and preferences. These settings include price names, ledger accounts, product weights, and service rates.

Resolution

Access Products and services settings

After setup, the system automatically enters details when you add a product or service to a transaction.

  1. From Settings, go to Business Settings. 
  2. Select Record and Transactions Settings.
  3. Scroll down to Products and services.

NOTE:

We set the decimal places to two, which is the maximum in Sage Accounting.

Explanation of Products and services settings

Product Prices

  • Choose default price names or create your own
  • Activate or deactivate product prices

Default Product Ledger Accounts

  • Choose the default nominal ledger account for selling products
  • Choose the default nominal ledger account for purchasing products

Default Stock Ledger Accounts

  • Choose the default nominal ledger account for purchasing stock

Weight Settings

  • Choose the default unit of measure: Metric, Imperial (UK), or Imperial (US)
  • Choose the default measurement: Kilogram, Gram, or Tonne

Service Rates

  • Use default rate names or create your own
  • Activate or deactivate rates. You can override this in individual product and service records if needed

Default Service Ledger Accounts

  • Choose the default nominal ledger account for services

Sort Order for Product/Service Menus

  • Sort the order of items displayed by either Description or Item Code