Introduction to products and services

Products and services records let you reuse item details and manage optional stock tracking in Sage Accounting. They help you create consistent transactions, speed up entry, and improve reporting accuracy.

What products and services are

Products and services are reusable records. They store the description, price, VAT rate, and optional stock settings for the items you buy or sell.

Why they matter

By using products and services it:

• saves you re-typing details on every transaction
• helps you build professional, consistent invoices
• feeds accurate values into your reports

Where you use them

Products and services are only available in Standard and Plus Accounting tiers.

You can add products and services to these transactions:

Sales	Purchases
Quotes & Estimates	Purchase Invoices
Sales Invoices	Purchase Credit Notes
Sales Credit Notes

View or create records

Open Products and services from the main menu to see every record in a sortable list. You can also create a new record on the fly when you enter a transaction. Select Add new item when the drop‑down appears.

About stock tracking

If your Accounting tier includes stock tracking, mark an item as Stock. This setting lets you record quantities, received low-stock alters and block sales when an item is out of stock. 

For a deeper look at how stock and non‑stock items affect your reports, see Difference between stock and non‑stock products.

Next steps

Ready to try it? Create your first products and services record, then add it to an invoice.