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Products and services settings

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Summary

Set up products and services default settings and preferences in Sage Accounting.

Description

To save time before creating your items, you might want to enter default settings and preferences.

Default settings include price names, ledger accounts, product weights and service rates.

Resolution

Once set up, the details will be entered automatically when adding the product or service to a transaction.

  1. From Settings, then Business Settings, select Record and Transactions Settings.
  2. Scroll down to Product & Services.

Products & Services settings explained

Product Prices

Use the default price names or create your own. Make product prices active or inactive

Default Product Ledger Accounts

  • Sales Account - Select the default nominal ledger account for selling products
  • Purchases Account - Select the default nominal ledger account for purchasing products

Default Stock Ledger Accounts

Purchases Account - Select the default nominal ledger account for purchasing stock.

Weight Settings

  • Default Unit of Measure - Select Metric, Imperial (UK) or Imperial (US)
  • Default Measurement - Select Kilogram, Gram or Tonne

Service Rates

Use the default rate name or create your own. Make rates active or inactive. You can override this in the individual product and service records if you need to.

Default Service Ledger Accounts

  • Sales Account - Select the default nominal ledger account for services
  • Sort order for Product/Service menus - Sort the order of items displayed by either the Description or Item Code