Master Records > Inventory > Inventory Reports > Inventory Value Variance Report

The Inventory Value Variance Report provides information on the variance between the inventory transaction cost recorded in the Inventory Control module and the inventory amount posted to the General Ledger. The variance most likely occur when the cost decimal places set for the company is higher than the amount decimal places.

You can use this report to reconcile any discrepancies between the inventory balance in the subsidiary ledger and the total inventory cost posted to the General Ledger.

To generate the Inventory Value Variance Report, perform the following procedures:

1.Access the Inventory Value Variance Report function from the Reconciliation 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.

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 item and enter the appropriate value in the adjacent field; otherwise, select in the Filters area the desired criteria in generating the report.

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

The Inventory Value Variance Report function also provides you with the flexibility to perform the following: