Balancing HITB Report with GL Trial Balance

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To change the way we balance inventory with our GL I successfully ran the IV HITB Reset Tool over the weekend. On Monday the HITB report and the GL Trial Balance were identical. After one day of work we show the GL Trial Balance to be lower than the value of the HITB report for the same date range and account. This is the problem we ran into when we tried to run Historical Stock Status vs. the GL Trial Balance. What steps do we do to find the differences in the GL Trial Balance and IV HITB report so when we make an adjustment at month end to balance them we have justification for it?

Thanks in advance,

Zach Ungerman

IT Manager/Dairy Specialists

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L Vail 65,271 on at

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RE: Balancing HITB Report with GL Trial Balance

Zach,

The HITB will track each item quantity change and the GL account in which that change was recorded. I would find the transaction and then look and see what the distribution accounts were. Then, check the account activity on the HITB. Does your Inventory Stock Status report match up to your trial balance? If it's easier, the HITB detail is stored in the SEE30303 table.

Leslie
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RE: Balancing HITB Report with GL Trial Balance

We have also recently used the HITB Reset Tool and would like to know what the steps should be. I have attempted to use the "Reconcile to GL" tool, but have had some trouble attempting to reconcile. Other than looking at un-posted transactions, I have not found a great system to reconcile them.

Any tips would be much appreciated.

Thanks,

TJ Simpson

Financial Analyst City of Brandon
Rosemary 10 on at

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RE: Balancing HITB Report with GL Trial Balance

Hi,

Did you ever find some answers to this?

Regards

Rosemary