Estimated Inventory Value Report
The Estimated Inventory Value report approximates the year‑end cost of goods for your inventory when activity has already been recorded in the new tax year. It uses current on‑hand inventory, invoices, and inventory orders to estimate the prior‑year wholesale cost of goods. For an accurate estimate, ensure all invoices and inventory orders are entered, and your on‑hand inventory counts are current before running the report. Before continuing, ensure your Default Discount is set.
From the Business Tools menu, select Reports.
- Under the Inventory section, double-click the Estimated Inventory Value report.
- From the preview window, click
to print (or 
to export as a pdf).
Understanding the report:
- (1) Current Inventory: the retail amount of inventory on the date the report was printed (amount added)
- (2) Customer Invoices: the total retail amount of products invoiced for the current year at the time the report was printed, excluding all Direct Ship and Guest Checkout invoices, as well as excluding any Shipping or Gift Certificates sold (amount added)
- (3) Loaned Product: the retail total of any loaned product (amount added)
- (4) Product Orders: the retail total of all received orders for the current year, excluding any Direct Ship or Guest Checkout orders (amount subtracted)
- (5) Borrowed Product: the retail total of any borrowed product (amount subtracted)
- (6) Estimated Inventory Value: the approximate wholesale amount (cost of goods) for the previous year, based on your Default Discount
