Master Records > Inventory > Inventory Reports

There are various costing methods available in the Inventory Control module. Two of which are the First-In-First-Out (FIFO) and the Last-In-First-Out (LIFO) costing methods.

The FIFO/LIFO Item Listing function allows you to generate a report that shows information on inventory items using the FIFO or LIFO costing method. This report is useful for reviewing the values of inventory items using FIFO and LIFO inventory valuation.

To generate the FIFO/LIFO Item Listing report, perform the following procedures:

1.Access the FIFO/LIFO Item Listing function from the Cost Listings group under the Reports main menu in the Inventory Control module.

2.Click the List box button next to the Configuration field; then, select the report configuration that you want to use.

3.Select the report sorting option by clicking the List box button next to the Sort By field. Choose from the following options:

•Item #

•Item Class

•Product Line

•Warehouse

4.In the Layout field, click the List box button to select the report layout you want to use in generating the report.

5.In the Report Configuration area, define the desired report filters. You may mark the Individual checkbox if you want to generate the report for a single record and enter the appropriate value in the adjacent field; otherwise, select in the Filters area the desired criteria in generating the report.

6.Select which inventory items to include in the report:

•All Selected Items

•Items Used in Invoices/Sales Orders

•Items Used in Purchase Orders

•Items Used in Work Orders

Note: To generate a report on inventory items designated for use in customer invoices, sales orders, purchase orders and work orders, you must activate the corresponding module..

7.Select which items you want to show in the report:

•FIFO and LIFO Items

•FIFO Items Only

•LIFO Items Only

8.Choose the items you want to include in the report, depending upon the status:

•Active and Inactive Items

•Active Items Only

•Inactive Items Only

9.Click the Preview or Print button to preview or print the report. Click the Configure tab to return to the report configuration page.

The FIFO/LIFO Item Listing function also provides you with the flexibility to perform the following:

•Set up user-defined report macro

•Set up user-defined sort option

•Set up user-defined report layout

•Include notes in the printed report

•Export the report to various supported file formats

•Send the report as attachment to an email

•Include time and printed by information

•Drill-down on certain fields in the report:

oItem #

AccountMate displays the Item Profile when you double-click an item number in the report.

FIFO/LIFO Item Listing

FIFO/LIFO Item Listing

See Also