Inventory Valuation Report

Confirm the warehouse you are valuing and the company's inventory account.

1. 1
   Open Reports and select Inventory Valuation.
2. 2
   Choose a warehouse in Select warehouse, then click Search.
3. 3
   Compare remaining layer quantities and costs with the total value.
4. 4
   Open an unusual product or cost layer and compare it with its receipt and later stock movements.
5. 5
   Run the inventory account in General Ledger at the same cutoff and compare the total.

Remaining layer quantity multiplied by unit cost contributes to the reported value. A later receipt or adjustment can change a different cutoff.

The product's costing choice can be FIFO, FEFO, LIFO, or Average. Check that choice before comparing values; Standard costing is not offered in the product form.

WARNING: Reconcile transit, backdated movements and manual journals before concluding the valuation equals the GL.

Finance should compare this value with the inventory account at the same date and in the company currency.

Trace the product and movement before changing a cost or posting a manual journal.