Forum Discussion

Verdant's avatar
Experienced Cover User
7 days ago

Inventory Categories and Value subtotals

I want to create a report that tells me not just what my total inventory value is, but what particular product type subtotals there are.    For example, I sell cushions from varying brands. I just ...
  • gavin12345's avatar
    7 days ago

    Hi Verdant 


    The only way to reliably do this in MYOB is as you had it before - utilise separate Inventory Asset accounts - The Inventory Value Reconciliation (IVR) Reports will give you correct totals - provided you manage inventory properly. You need to understand that using 'I Inventory' in MYOB requires regular monitoring and adjusting to ensure the IVR stays 'balanced' otherwise the data becomes meaningless, and any value reports generated will likewise be meaningless. Get an inventory specialist to guide you.