Understading/Learning to read Inventory Valuation Report

[LCKellam]

I have been given the responsibility of maintaining the Inventory Valuation Report - as a new Mas90 user and also coming from a mfg. company who did not utilize an inventory this is all very new to me. My boss cannot seem to make heads or tails of it either so I am totally lost. I have searched the tutorial and the sage homepage unsuccessfully to learn how to read this report and how to make adjustments & why adjustments would be needed.

Any insight would be greatly appreciate on the matter!!

Thanks!!!

 

[BigLouie]

First question, have you been to the inventory class at a local Sage training center?

The inventory valuation report is a live report. It shows the valuation as of the moment it is printed. It should not be used to balance to the GL at the end of the month. You should be using the Inventory Trail Balance.

The report is fairly straight forward. As it's name implies it is the valuation, or how much is on hand at that momement.

If you do not even know how to make adjustments or when, it is time to go to class before you and your boss make a mess of inventory. A little training now can save on having to pay a reseller to clean things up later.