Account Sets form

Sage ERP Accpac Inventory Control 6.0

previous page next page

$image\field_bt.gif$ Account Sets Form

The Accounts Set form appears when you select I/C Setup > Account Sets. This form lets you define groups of general ledger accounts to which you post Inventory Control transactions. By creating more than one set of control accounts you can:

Maintain separate inventory control accounts for different types of inventory items.
Use different inventory valuation methods for different groups of items.

You can use just one account set for all your inventory items, or you can have as many as you need. For example, you may wish to use separate account sets for items assembled in different areas or items obtained from different suppliers.

Before using

Editing account sets

You can change all of the information in an account set except the identifying code. To change the code, you first add an account set with the code you want to use, then delete the account set with the code you do not want.

Deleting account sets

You can delete account sets only when they are not assigned to inventory items.

If you want to delete a code that is assigned to an inventory item, you must first assign a different account set to the inventory item, then delete the unwanted code.

Specifying different account segments for locations

Note: Sales, returns, and COGS accounts are specified in categories � not in account sets

Account sets do not specify all of the accounts that are used with an item. You specify the following account codes for sales and COGS with inventory categories. Sage ERP Accpac Order Entry uses the Sales account and Returns account � Inventory Control does not use them:

Sales
Returns
Cost of Goods Sold
Cost Variance
Damaged Goods
Internal Usage

Click the Field List button at the top of this topic for information about fields on the Account Sets form.

Click here for hints on using forms.