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JASON4's avatar
JASON4
Contributing User
5 years ago
Solved

inventry reconciliations value report out of balance

Hi what causes the Inventry value to go our of balance? And how do can I fix?
  • Neil_M's avatar
    Neil_M
    5 years ago

    Hi JASON4 

     

    On a purely functional level an inventory out of balance occurs when the inventory control account balance differs from the total value of the on hand items. Generally speaking this will be caused by transactions incorrectly assigned to the inventory control account.

     

    Our help article Receivables, payables or inventory out of balance, steps through the causes in more detail as well as how to resolve the different causes

Neil_M's avatar
Neil_M
Former Staff
5 years ago

Hi JASON4 

 

On a purely functional level an inventory out of balance occurs when the inventory control account balance differs from the total value of the on hand items. Generally speaking this will be caused by transactions incorrectly assigned to the inventory control account.

 

Our help article Receivables, payables or inventory out of balance, steps through the causes in more detail as well as how to resolve the different causes

JASON4's avatar
JASON4
Contributing User
5 years ago

Hi I have another question, Why on my Stock journal there are Void transcations? I belive this is part of why my reconsiliation is still out?

  • Neil_M's avatar
    Neil_M
    Former Staff
    5 years ago

    Hi JASON4 

     

    Generally speaking a void transaction is a transaction where both sides are $0. As these transactions would have no dollar value they shouldn’t be causing an out of balance against the inventory control account.

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