Yes but unfortunately it is showing on my Balance Sheet as a separate line item which is why I need to clear it up. Makes me think maybe the item list isn't correct at all.
Hi BNS, the inventory value reconciliation report shows each asset account separately. For that account, does it show a stock total of nil and a GL amount, therefore the same amount as out of balance? If so, just write off the GL value to cost of sales.
Hi Mike. Thanks again for replying.
The inventory value reconciliation report shows a value for the asset which agrees to the GL amount in the report (so no out of balance amount). This also agrees to the Balance Sheet of course. The Item List Report however, shows zero on hand and zero value so I can't process an inventory adjustment or a sale to clear the amount in the Balance Sheet. If I process a journal to clear it from the Balance Sheet, then I will have an out of balance amount on the inventory value reconciliation report.
Is it something that MYOB needs to log in and fix?
