general ledger Reports

Daily Inventory Value

Last Revised: 02/05/14

Daily Inventory Value compares the General Ledger inventory account with the calculated inventory value (quantity on hand x cost/cost unit). The report in this application lists the variances between these two totals. The General Ledger value should agree with the inventory value each day. The operator should run this report at least one a month to determine that inventory transactions are being posted correctly.

The operator must specify the From G/L Posting Date, the To G/L Posting Date, and the format.

Format Options
1. Dates where variance changed	The listing contains the date where any variance changed, the inventory cost, the G/L balance, the variance, and the changes in variances.
2. Dates with any variance	The listing contains the date, the inventory cost, the G/L balance, and the variance, including any variance changes.
3. List all dates	The listing contains all the dates of inventory cost showing the G/L amount and the QOH amount, including any variance in the items.