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Reconciliation Differences After Inventory Period Close

Avatar photoCustomer April 30, 2020 at 10:15 am

After closing our inventory period, we found discrepancies between the cumulative accounting entries and the valuation reported on-hand. How can I use Blitz Report to detail these ‘out-of-balance’ differences?

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    • Support May 1, 2020 at 8:29 pm  

      You should run the CAC Inventory Out-of-Balance report. This report shows differences between the cumulative inventory accounting entries and the onhand valuation of subinventories and intransit stock locations, compared against the period end snapshot.

    • Avatar photoCustomer May 3, 2020 at 7:48 am  

      I only want to report differences that exceed $100. How can I configure the sensitivity of the report?

    • Support May 3, 2020 at 8:34 pm  

      Use the mandatory parameter ‘Minimum Value Difference’. By default, it is set to one, but you can enter a larger value like 100 to restrict the output to significant differences. To see all differences, enter a value of zero (0).

    • Avatar photoCustomer May 5, 2020 at 2:48 pm  

      Since this relies on the period close snapshot, what parameter must I provide to specify the period?

    • Support May 5, 2020 at 9:31 pm  

      The ‘Period Name (Closed)’ parameter is mandatory, as it specifies the closed inventory accounting period you wish to report.

    • Avatar photoCustomer May 6, 2020 at 8:29 am  

      Is there a report to check if our inventory periods were properly summarized after being closed?

    • Support May 6, 2020 at 4:21 pm  

      Yes, run the CAC Inventory Periods Not Closed or Summarized report. It finds periods that are open or closed but not summarized, which impacts efficient month-end reporting.

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