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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Inventory Balance Shee...
Finance | Project Operations, Human Resources, ...
Suggested Answer

Inventory Balance Sheet and Historical Trial Balance Report Do NOT Match

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Posted on by debs.0824 10

Good Morning All,

I've taken over in our Inventory Department. To be honest with you all, I don't have much experience in Accounting... The accounting department came to me stating that every month (for the past 2 years, longer than I've even been here) their Inventory Balance Sheet and the Historical Trial Balance Report for our inventory *DO NOT* match. I've been told that they should match!

So I have little understanding of Accounting and I have to figure out what I can do, as an inventory keeper, to correct these numbers... Please help :( 

For example:

Inventory Balance sheet: $402,187.91

Inventory Historical Trial Balance Report: $405,952.55

Categories:
Microsoft Dynamics GP
I have the same question (0)
  • Becky Berginski Profile Picture
    Becky Berginski on at

    Go to Tools | Routines | Financial | Reconcile to GL.  Set the Module to Inventory, enter your Inventory Account under the Accounts. Place the dates you are trying to reconcile and an address for the Output file. Press Process. This will create an Excel spreadsheet that will show you all unmatched and match journal entries. From there you need to investigate the unmatched journal entries to determine why there is a difference. 

    pastedimage1668116557867v1.png

  • debs.0824 Profile Picture
    debs.0824 10 on at

    This helps me a TON!!!

    I have the report exported to excel. Do you know any possible reasons why an inventory transaction would be unmatched?

  • Suggested answer
    Lisa at AonC.com Profile Picture
    Lisa at AonC.com 921 Super User 2025 Season 2 on at

    Here is a document that may provide some insight into situations that are at issue:

    learn.microsoft.com/.../inventory-value-not-match-inventory-balance

    Since you see unmatched documents, you'll want to research them.

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