Inventory Value

JSTJST Posts: 3Member
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.

Answers

  • JSTJST Posts: 3Member
    No advice?
  • KTA8KTA8 Posts: 301Member
    As you said commonly 1001, you can check that agreggates value entries.
  • JSTJST Posts: 3Member
    Thx for the feedback @KTA8 .

    But why are there 3 different values as all 3 reports should give the (same?) inventory value?
  • KTA8KTA8 Posts: 301Member
    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
  • tomarsuniltomarsunil indiaPosts: 24Member
    hey
    all three report will always give you same value.
    best report for inventory valuation is 1001.
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