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Inventory Valuation: This report provides a summary of the value of inventory on hand for each item, location, and variant. It shows the total quantity and value of each item and calculates the value based on the costing method used (FIFO, LIFO, average cost, etc.). The balance quantity and value in this report should match the on-hand quantity and value of inventory.
Status: This report provides an overview of inventory by item and location, showing the on-hand quantity, reserved quantity, and available quantity. It also shows the quantity and value of inventory that is currently being received, shipped, or on order. The balance quantity and value in this report could differ from the Inventory Valuation report because it takes into account any inventory that is currently in transit or in the process of being received or shipped.
Stock Movement: This report shows the movements of inventory items within a specified date range. It includes information about receipts, shipments, adjustments, and transfers. The balance quantity and value in this report could differ from the other reports because it only shows the transactions that occurred within the specified date range.
Stock Card: This report provides a detailed history of all the inventory transactions for a specific item and location. It shows the quantity and value of inventory for each transaction, as well as any related document numbers. The balance quantity and value in this report could differ from the other reports because it shows the transactions for a specific item and location, rather than a summary for all items and locations.
If the balance quantity and value differ between these reports even though the date range is the same, it could be due to various factors such as unposted transactions, differences in costing methods, transactions that were not included in the report, or incorrect data entry. It's important to review the reports carefully and compare the transactions to identify any discrepancies and make the necessary adjustments.
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