Inventory report
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What question it answers
“How much money do I have in merchandise?” Shows current inventory with its cost, its sale price, and the total value of what’s in stock.
When to check it
At month close, for accounting. And when deciding whether to buy more: seeing the value tied up in stock tends to change that decision.
Good to know
It doesn’t have a date range. It’s a snapshot of today, not a history. To see past movements, use Inventory movement.
The value comes from the cost price. If costs aren’t entered, the valuation isn’t useful.
You can filter by category, which is the practical way to value just one product line.
You can also filter by point of sale, if the business has more than one.