How do i transfer inventory items for company use on sage 50 2023 student version

In Sage 50 (2023 Student Version), transferring inventory items for company use—like office supplies, sample products, or internal use—requires recording the reduction in stock without a customer sale. Since the student version has limited features, here’s a simple workaround using Inventory Adjustments:

To transfer inventory items for company use on sage 50 2023 student version, call at 1-866-238-5180.

🔹 1. Open Sage 50 and go to: You can also call at 1-866-238-5180 for instant solution

Inventory & Services > Inventory Adjustments

🔹 2. Create a New Inventory Adjustment

• Click “Adjust Inventory” or “New” depending on your version.

🔹 3. Enter the Adjustment Details

• Date: Use the current date or the date of internal use.

• Reference: Type something like Internal Use, Office Supplies, etc.

• Inventory Item: Choose the item you are using.

• Quantity: Enter the amount you are removing (e.g., -5 if you’re using 5 units).

• GL Account: Select an expense account like "Office Supplies", "Internal Use Expense", or create one if needed.

• Reason: Add a note like “Transferred for internal use by marketing.”

🔹 4. Save the Adjustment

Click Save or Post to record the entry.

If you don’t have an appropriate expense account yet:

• Go to Chart of Accounts

• Create a new account like:

  • Account #: 5760 (or any unused number)

  • Description: Internal Use of Inventory

  • Class: Expense

Because this allows you to:

• Reduce stock quantity

• Track where inventory is going

• Record the cost as an expense for company use

• Some advanced features (like inter-warehouse transfers or departments) are disabled.

• You can only work with the sample or practice companies.