Inventory Valuation Report

### Who It’s For
This report is for anyone who has to answer, with confidence, what your inventory is worth and why. It’s especially useful for bookkeepers, accountants, and owners of retail, wholesale, and light manufacturing businesses who need their financial statements to line up with what’s actually on hand. If you’ve ever been stuck reconciling “inventory value” from one month to the next, this is the report you’ll want open.

### What It Does
An Inventory Valuation Report ties your inventory balances to actual quantities and product costs. In plain terms, it helps you see what you’re carrying on the books and catch the things that make those numbers drift.

You can use it to:

• Validate inventory value based on current quantities in stock
• Understand how costs are applied to items so you can spot obvious mismatches
• Track inventory valuation changes over a period, not just at one point in time
• Review valuation by product, location (if you manage multiple warehouses), or other breakdowns GlassJar supports
• Support audits and internal reviews with a clear record of how value was calculated

### Use Cases

1. Month-End Close When Inventory Has Moved Fast
A small retailer sells through inventory faster than they expected. During month-end close, they run the Inventory Valuation Report and notice several items with value that doesn’t track with their sales. They cross-check those SKUs, correct the stock counts, and re-run the report. The inventory line in the financials now reflects reality instead of an assumption that inventory stayed still.

2. Investigating A Sudden Drop Or Spike In Inventory Value
An accounting team sees inventory value fall sharply from one month to the next. They don’t want to hunt through transactions for hours. They use the report to isolate which products caused the change, then review the related cost and quantity history. It turns out a pricing update didn’t apply consistently, and a few items were still valued using outdated cost. After adjusting, the valuation stabilizes.

3. Preparing For An Audit With Cleaner Support
A business with multiple products gets ready for an external audit. They need more than a single inventory total. The report gives them item-level clarity so they can explain how inventory value was calculated. They can show which items drove the totals, how costs were applied, and where the valuation differs from expectations. This makes audit work more straightforward, and it keeps back-and-forth emails to a minimum, even when the auditor asks “why.”

4. Checking Transfers Between Locations Or Warehouses
A company transfers stock between locations and later finds it hard to reconcile why one location’s inventory doesn’t match physical counts. They run the Inventory Valuation Report and filter down to the affected products and locations. The report makes it clear whether the quantities moved as expected and whether valuation followed the transfers. They fix any incorrect transfer entries immediately so the next close doesn’t carry the mistake forward, super important for confidence.

5. Spotting Cost Entry Issues After A Supplier Update
After a supplier changes unit pricing, a bookkeeper wants to confirm the new cost is actually being used. They compare the Inventory Valuation Report results before and after the update. If some items still show the old valuation method, they can correct the cost setup right away. That avoids the annoying scenario where your inventory value looks right until someone notices it’s wrong.