Inventory Value

JST

Hi

What is the best report to calculate the Inventory Value on a specific date.

One consultant points to report 5808 another, says 5801 and while searching online most common is 1001.

I tried all 3 and all 3 give a different value?

Thanks for your feedback.

JST

No advice?

KTA8

As you said commonly 1001, you can check that agreggates value entries.

JST

Thx for the feedback @KTA8 .

But why are there 3 different values as all 3 reports should give the (same?) inventory value?

KTA8

JST wrote: »

Thx for the feedback @KTA8 .

But why are there 3 different values as all 3 reports should give the (same?) inventory value?

What inventory evaluation method do you have? Have you checked including expected cost in 1001?
If you've FIFO it should be the same

tomarsunil

hey
all three report will always give you same value.
best report for inventory valuation is 1001.