Convert DacEasy Company - Default Accounts and Costing Method

How Do I...

This window allows you to select specific default accounts to be used in the company you are converting to Sage 50. In addition, you will be asked to select a default inventory costing method.

We recommend that you select accounts that you used most often in DacEasy as your defaults for Sage 50. By selecting defaults, you can save data entry time. Select or enter a default account number for the following accounts:

Sales Account
Inventory Account
Cost of Sales Account
Salary/Wages Account
Retained Earnings Account
Expense Account
Purchase Discount
A/R Account
A/P Account

Note: Note: The accounts that listed in the look-up list are your accounts from DacEasy.

For the default inventory costing method, you can choose one of the following costing methods:

FIFO (First In, First Out)—Select this method if you want the cost determined by assuming that the oldest items are to be sold first.
LIFO (Last In, Last Out)—Select this method if you want the cost determined by assuming that the newest items are to be sold first.
Average—Select this method if you want the cost determined by the average price of all items.

If you had a default costing method set up in DacEasy, a comparable default will be selected, but you can change it if you like. If you used standard costing in DacEasy, the costing default is set to FIFO.

When you have finished making your selections, click Next to continue.

What do you want to do next?

Continue with DacEasy Conversion