The Estimated Inventory Value report approximates the year‑end cost of goods for your inventory when activity has already been recorded in the new tax year. It uses current on‑hand inventory, invoices, and inventory orders to estimate the prior‑year wholesale cost of goods. For an accurate estimate, ensure all invoices and inventory orders are entered, and your on‑hand inventory counts are current before running the report. Before continuing, ensure your Default Discount is set.
From the sidebar navigation, click 
Reports.
- From the Inventory section, click the Estimated Inventory Value report.
- In print preview, select the print button
, or on a mobile device, tap the export button
to export and download as another file type, such as PDF. - When finished, select the Close button to return to Reports.
Understanding the report:
- (1) Current Inventory: the retail amount of inventory on the date the report was printed (amount added)
- (2) Customer Invoices: the total retail of products invoiced for the current year at the time the report was printed, excluding all Direct Ship and Guest Checkout invoices, as well as excluding any Shipping or Gift Certificates sold (amount added)
- (3) Product Orders: the retail total of all received orders for the current year, excluding any Direct Ship or Guest Checkout orders (amount subtracted)
- (4) Estimated Inventory Value: the approximate wholesale amount (cost of goods) for the previous year, based on your Default Discount