SAGE $-50$

ASSIGNMENT $-1$

Setting Up and Managing Transactions in Sage $50$ for Northern Tech Ltd$.$

Introduction:

Northern Tech Ltd$.$ is a Canadian$-$based retail company specializing in the Electronics and Technology industry. The company operates in Techville, Ontario, offering a variety of high$-$tech gadgets and devices to its customers.

In this assignment, you will set up Northern Tech Ltd$.$ in Sage $50,$ including creating the company file, setting up inventory items, customers, and vendors, and recording purchase and sales transactions.

Task $1$: Setting up Northern Tech Ltd$.$ in Sage $50$

Use the following information to set up Northern Tech Ltd$.$ as a new company in Sage $50.$

Company Name: Northern Tech Ltd$.$ Address: $123$ Innovation Drive, Techville, Ontario, A$1$B $2$C$3$ Business Number $($BN$)$: $123456789$RT$0001$ Email:

info@northerntechltd.ca Phone Number: $(123)456-7890$ Fiscal Year Start Month: January Accounting Method: Accrual$-$Based

Task $2$: Setting up Inventory Items

Set up the following inventory items in Sage $50$ for Northern Tech Ltd$.$

$\backslash$table$[[$Item Code,Description,Sales Price$],[$PGX$100,$Polar Gadget X$100-$ High$-$Tech Gadget,$$200$