When viewing an inventory summary report to see the totals for each inventory account at a specific date, the totals do not agree to the balance sheet accounts - any inventory adjustments made through general journal are not reflected in the totals, but when you drill into the specific accounts, then they are there...need to get the inventory summary report to agree to the actual account balances??? Please help
Hi Shannon!
I know we just spoke on the phone, but I wanted to make sure the answer was put here too!
The date on the reports were one day apart, accounting for the difference. By moving the date of the inventory report, we were able to make the two reports balance with each other.
Those dates are very important, especially at year end!
Hopefully that solved all your issues, let me know if you come across anything else!