Hello,
Why do we need Inventory valuation reports?
1) Management wants a report for data analysis and decision making. This report tells us a total Quantity, cost, quantity on hand, average cost, asset value.
2) Inventory value and quantity may decrease or increase
3) Theft, date of expiry and actual inventory
4) Inventory effects on our accounts.
5) Inventory is the backbone of any business
I will help you with,
1) Purchase order
2) Receive inventory and create a bill
3) Vendor payment
4) Physical inventory worksheet
5) Adjust the inventory count and value of the inventory
6) Create a summary and detailed valuation report
I am providing accounting and bookkeeping services. I have a Master of Commerce degree and over 6 years of experience in Audit and Accounting.
You also get free advice and consultation from me at any time. I am at your service. Feel free to contact me.