I've been using the Historical Stock Status Report as the monthly inventory reconciliation report. We use average pricing for inventory. Is there a better report to give month end valuation of inventory?
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Of course there, I would not recommend considering the historical stock status report especially with average costing. Have you considered deploying the HITB tool to build up the historical inventory trial balance report, HITB Essentials Series – HITB Reset Tool Deployment
I have worked with several clients having average costing, the historical stock status just can't be tied to general ledger especially when cost adjustment is included along with the ripple effect.
If you have not considered deploying the reset tool, i don believe it is the time to consider the deployed and ensure that your inventory will tie to general ledger.
Your feedback is highly appreciated,
Yes. The regular Stock Status. Make sure you run it on the last day of the month. Or, better yet, implement the Historical Inventory Trial Balance. It is the most accurate report if you need to run a report as of a prior date.
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André Arnaud de Cal...
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