Any ideas on where to look first to reconcile end of month inventory to GL balance?
Answer
Month end inventory valuation reports to GL rec
Best answer by bryanb39
I like to pull up Account Details for the inventory accounts and filter to show the GL Module. That’s usually how much it’s off. If there are no GL Journal Entries and it somehow got out of balance, you may just have to recalculate the inventory value.
It should always stay in balance if no manual Journal Entries are created.
But like RoyceLithgo said, the Inventory Valuation Report will give you the Subledger totals to see if they match the GL.
+6I like to pull up Account Details for the inventory accounts and filter to show the GL Module. That’s usually how much it’s off. If there are no GL Journal Entries and it somehow got out of balance, you may just have to recalculate the inventory value.
It should always stay in balance if no manual Journal Entries are created.
But like RoyceLithgo said, the Inventory Valuation Report will give you the Subledger totals to see if they match the GL.
https://www.fiverr.com/acudatica
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.