Estimated Inventory Value Report
Running the Inventory Listing by Category report at year-end is crucial before entering sales or inventory for the next tax year. When the report is run, only the current inventory value can be obtained. If any invoices or inventory orders have been entered for the new year, the Estimated Inventory Value report will give a close estimate for the previous year.
- From the sidebar navigation, click
Reports. - From the Inventory section, click the Estimated Inventory Value report.
- From the print preview form, click
to print, or if using a mobile device, click 
to export and download as another file type, such as PDF. - When finished, click
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 amount 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