Use inventory valuation reports to place value on products over time. These reports provide information so you can make educated decisions about your purchasing or pricing based on inventory devaluation. Some inventory valuation reports are required for tax reporting purposes.
The Inventory Valuation Report enables you to generate a report, either summary or detailed, which displays the value of the products in a price line, a series of price lines, or all price lines within one or more branches.
The Layered Inventory Valuation Report enables you to examine the devaluing of old inventory on a layered FIFO (first in first out) basis. You define the aging periods (buckets) and the percentage that the value of the products is reduced over that many months (write down).
The LIFO Inventory Valuation Report calculates the value of your inventory as of a defined date and compares that value to what it would be if the same inventory were valued at a previous cost. The report is used primarily for tax purposes.
See Also: