Inventory value incorrect

Hi, Blair_38

Thank you for your prompt response.

Thank you for providing the requested screenshot. This will help us identify the root cause of the negative value you're seeing on your end. Please allow us to check on this, and we will update you as soon as possible.

Best regards,

Doreen

Hi Doreen,

I am not concerned about the negative value.  

The total value of the item is incorrect.  

It is showing that the item value is $7516.39. when it should be $1617.94.  

Hi, Blair_38

Thanks for your patience.

Please send us a screenshot of the item that is incorrect. To get the needed screenshot, kindly go to Inventory > Item List and then open the incorrect item, as we will need the details for the quantity on hand, the average cost, and the current value. Make sure to remove sensitive information before posting in the Forum.

Best regards,

Doreen

The screen shot has been provided twice previously.

It shows the current value at $7516.39.  This is incorrect.  It should be $1,617.94.

Hi, Blair_38

Kindly confirm if you are opening the item through the Item Register or through the Item List. We will need you to open the item through Inventory > Item List. A screenshot should show Quality On Hand, Current Value, and Average Cost. The screenshot should look like this as an example:

Best regards,

Doreen

There is currently no stock, so no value.

Prior to the last sale, the value was incorrect.  

Hi, Blair_38

The Item register- is to check all transactions that happened on specific item and date range to know what has been added and subtracted.

The Current value of item- is the value of the item from the moment it was made to the current date.

The current item value could be adjusted. To do this, go to Inventory > Adjust inventory > Look for the item > Adjust the current amount and then click Record.

Please let us know how it goes.

Best regards,

Doreen