Industry Type
When you select your industry type in the New Company
Wizard, a list of accounts is created for your business, specific to your
industry.
Changing your industry type does not
affect the accounts that were created when you originally set up your
company. Use the Modify
Accounts wizard to make changes to accounts.
Specifying an industry type, customizes
some features to work more closely with your industry:
- A
collection of industry-specific reports appears in a sub-menu of Reports in the Home window.
- Industry-specific
accounts are added to your Chart
of Accounts. For example, if you run a motel and choose Accommodation
as your company type, Sage 50 Accounting will add Inventory expense and
asset accounts for Linen, Rugs, and Glassware, and Revenue accounts for
Dining, Conventions, and Banquets.
- The default terms used for customers, sales, vendors, purchases, payments, orders, and quotes are customized to your industry. If these defaults are not suitable in your business, you can choose one of the many alternate terms.
What do you want to do?
Change your industry type