An organized summary of your inventory levels at any time in an organization is called an inventory report. It shows details like the amount of stock that can be sold, the inventory in transit, and the inventory requirements. An inventory control system allows a business to manage its stock, covering purchasing, shipping, receiving, tracking, warehousing and storage, and reordering. To efficiently manage its inventory, every company keeps an inventory control system in place. Sometimes it’s critical to confirm each warehouse’s current stock status.
This report allows users to track the closing balance quantity and closing balance cost of stock accessible as on date per item in a specific location, while the standard Sage 300 ERP reports do not provide this information.
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Please refer below screenshot of the user interface for “Inventory As On Report”.
The filter criteria of this utility are as follows.
- From & to Item Number
- From & To Location
- From & To Account set
As you can see the below screenshot user needs to specify the ‘From’ and ‘To’ Item Number, From’ and ‘To’ Location, and ‘From’ and ‘To’ Account sets. Once the file path is selected then based on the same, the report will generate required data in Excel-based format.
Kindly review the details in the Output of report below.
According to the output above, we can see that the report for all locations shows the amount of closing balance quantity, and closing balance cost, along with the rate, inventory account, etc.
Therefore, a user can simply track basic information for such items in one report rather than having to verify transactions and multiple reports.
This report includes the following fields and can be altered according to the requirement/s.
- Item Number
- Item description
- Location
- Unit
- Closing Balance Quantity
- Closing Balance Cost
- Rate/Unit
- Account set
- Categories
- Inventory Account
Note: Filter criteria can be customized as per requirement.
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