C
Cindy de Lange
I have found that there is a difference in inventory quantities if I switch between the Modern and Classic View for Inventory Valuation Summary report.
THE OVERALL INVENTORY COST REMAINS THE SAME, THE QUANTITY ON HAND CHANGES AS WELL AS THE AVERAGE COST PER PRODUCT/SERVICE.
I have worked through the below troubleshoot steps with no resolution.
  • Review Adjustments: Go to Vendors > Inventory Activities > Adjust Quantity/Value on Hand to check if any adjustments were made incorrectly or incompletely.
  • Verify Dates: Ensure the adjustment date is accurate and within the report's date range.
  • Examine Report Filters: Confirm that the Inventory Valuation Summary report filters are set up correctly. Check the date range and other filters that might be excluding certain transactions.
  • Balance Sheet: The Balance Sheet also reflects inventory value. Compare the inventory value on the Balance Sheet to the Inventory Valuation Summary to identify any discrepancies.