Potential Conflict Inventory VS GL report

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Posted on by Nikhil More

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I have run the Potential Conflict report for GL Vs Inventory. Can anybody explain me from where this value is coming from. What does this values and discrepancy exactly tells you. and also in the same report below I can see some transactions details with comments and values, whats those values are that values related to above values. (Image blow)

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Community member 9 on at

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Potential Conflict Inventory VS GL report

Hello,

The Potential Conflict report compares the GL balance with the Inventory balance. The values in this report indicate any discrepancies between the two balances. It helps identify potential conflicts or errors in the accounting records. The transactions details with comments and values below the report provide more information about specific transactions that may have contributed to the discrepancies. These values are related to the above values and help pinpoint the specific transactions that need further investigation. ZaxbysListens

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saurabh bharti 15,039 Moderator on at

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Potential Conflict Inventory VS GL report

Hi Nikhil,

This report is to help us finding out the difference between trial balance and Inventory value. Generally both should exacty match due to sub ledger concept.

Many times they don't match due to several reasons , now find out those conflict this report is used. Now here it tells which item of GL entry has problem and not posted correctly which should have gone to proper subledger- Ledger

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Nikhil More 331 on at

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Potential Conflict Inventory VS GL report

Thank you @saurabh Bharti Sir, I have understood the root of cause. The posting profiles are incorrectly mapped. I am not able to find the solution to resolve this discrepancy for already posted transactions???

Passing direct GL entry will not solve the problem I think. Please suggest some solution.

Thank You

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Community member 2 on at

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Potential Conflict Inventory VS GL report

The Potential Conflict Inventory and the GL (General Ledger) report are two different tools or reports used in different contexts.
The Potential Conflict Inventory is a tool or assessment used in conflict resolution or management processes. It is designed to identify potential sources of conflict within a group or organization. The inventory typically includes a series of questions or statements that individuals respond to, allowing for the identification of areas where conflicts may arise. The purpose of this inventory is to proactively address and manage potential conflicts before they escalate.
On the other hand, the GL report is a financial report that provides a summary of the transactions recorded in the general ledger of an organization. It includes information such as account balances, revenue, expenses, assets, and liabilities. The GL report is used for financial analysis, decision-making, and compliance purposes. It helps stakeholders understand the financial health and performance of the organization.
The Potential Conflict Inventory is used to identify potential conflicts within a group or organization, while the GL report is a financial report used for analyzing the financial status of an organization. They serve different purposes and are used in different contexts.

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