Reply To: Decimal places for Unit/Standard cost

  • Steven Chinsky MVP

    Member
    June 5, 2023 at 2:55 pm
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    Joseph,

    Adding to Dave’s reply… Most user would run Inventory Valuation report to reconcile Inventory to GL, but you should not use that report as it is wrong. You should be running the Inventory to G/L Reconcile report. This will show you the starting Inventory Valuation (dollars) and then your reconciling transactions (Received Not Invoiced, Shipped Not Invoiced, and Manufacturing Output where Production Order is still open). This will also show the G/L Entries posted for each Item and reconcile to the sub-ledger report you just ran.

    Try this.

    Steve

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