Almyta Systems Homepage
Forum Home Forum HomeSBS and AID Software packagesSBS/AID Inventory Control
  New Posts New Posts RSS Feed - Inventory Value
  FAQ FAQ  Forum Search   Register Register  Login Login

This site is dedicated to Almyta Systems Inventory Software

Inventory Value

 Post Reply Post Reply
Author
Message
AFP View Drop Down
Newbie
Newbie


Joined: 15 Feb 2013
Points: 2
Post Options Post Options   Thanks (0) Thanks(0)   Quote AFP Quote  Post ReplyReply Direct Link To This Post Topic: Inventory Value
    Posted: 15 Feb 2013 at 6:20am
How do I find what the value of my inventory is?  Exactly how is the inventory value calculated?  Is there a report?  The reason I ask is this:  I went to item master, reports, more reports, units in stock and then used the sum function in the price paid column.  I got a total.  The problem is that I have also been tracking the inventory by hand while learning the program.  The beginning inventory value equals the AID value.  The sales and purchase calculations equal the AID value.  When I calculate by hand the beginning inventory + purchases - sales  there is a value difference in the AID program.  Why? 
Thanks.
Kim
Back to Top
Debra View Drop Down
Senior Member
Senior Member


Joined: 22 Aug 2011
Points: 535
Post Options Post Options   Thanks (0) Thanks(0)   Quote Debra Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2013 at 7:23am

Setting aside the "Charges Paid", how do you count sales? If you count price from sales orders, this would not be correct. The formula should be

[Current Value]=[Starting Value]+[Cost of  Received  Goods]-[Cost of Sold Goods], 

where the Cost of Received Goods  is  a purchase order price of goods bought and 

the  Cost of Sold Goods  is a purchase order price of sold products. 

Back to Top
HarryLee View Drop Down
Newbie
Newbie
Avatar

Joined: 22 May 2013
Location: India
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote HarryLee Quote  Post ReplyReply Direct Link To This Post Posted: 22 May 2013 at 4:13am
Originally posted by Debra Debra wrote:

Setting aside the "Charges Paid", how do you count sales? If you count price from sales orders, this would not be correct. The formula should be

[Current Value]=[Starting Value]+[Cost of  Received  Goods]-[Cost of Sold Goods], 

where the Cost of Received Goods  is  a purchase order price of goods bought and 

the  Cost of Sold Goods  is a purchase order price of sold products. 



Once try the given method and its the best information. Good job.
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 10
Copyright ©2001-2011 Web Wiz Ltd.

This page was generated in 0.125 seconds.