The inventory value reports are separated for Sales Inventory
and Rental Inventory.
The inventory reports list the current inventory value, unless the
By Date option is selected.
Reports include:
By Date option:
These programs can calculate the Inventory Value as of a date in
the past using the Inventory Adjustment records, Warehouse
Receipts, and the Detailed Revenue History (Sales History INSH) to
reconstruct the inventory quantities as of a selected date.
When the By Date option is selected, the inventory
QUANTITY is reconstructed as at a prior date, but the INVENTORY
VALUE will not necessarily be correct for either sales or
rentals.
This is because the value is calculated by multiplying the Quantity
at the prior date, by the Average Cost currently in
the Sales Inventory or Rental Inventory, and this average cost is updated
each time a product is purchased and received into stock.
If there is no value in the sales product reports, check the
Cost Type defined in Sales Inventory for
that item.
For sales products flagged as Zero Cost, no average cost
will be recorded as the assumption is that the stock has been
expensed upon purchase, and therefore no inventory value for
reporting purposes is required.
Note: When sales parts are used on a W.O., these reports respect the date issued from the product detail line, rather than the invoice or W.O. header date.
Serialized Sales:
If your firm has serialized sales items, Sales
Inventory Value Report provides the option to lists the
serialized inventory as a separate report from the non-serialized
inventory.
It also lists each serial # and cost. The cost can be average cost
or the serialized cost on each serial # record.
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