Ageing vs Inventory Value Report

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Posted on by Tpee

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Good day Experts,

Kindly advise, what are the typical reasons for the Inventory value differences between the on hand value on the "Inventory Ageing Report" and the value on the "Inventory Value Report"?

I have a situation where the Trial Balance and the Inventory Value report are matching/balancing (when excluding direct posting to GL inventory accounts), but now wondering why Ageing Report does not match Inventory Value report values.

So I would like to know the following:

1. What are the typical reasons for the mismatch between Ageing and Inventory Value Reports and if these two reports should ideally be the same (ran for the same period)?

2. What are the technical differences between the two reports that would signify the discrepancy in value?

Thanking you for your assistance.

Regards,

Tpee

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