This chapter is all about creating reports to make managing inventories easier. We've seen that companies with incorrect inventory on the books face a significant loss or gain in the accounting numbers when the inventory valuation is corrected. The impact is not only on taxes but on the appearance to lending institutions as well. They might believe that perhaps, your business is not being as well managed as it could be. Fortunately, you can avoid this type of situation by knowing when your inventory changes and why.

The name of this module is inventory control. It's meant to help you take control of your inventory. It is not called Inventory "Set It and Forget It". As inventory managers, control is critical, as both the Sales Order Processing module and the Purchase Order Processing module can affect your inventory with increases and decreases. If those users make an error, it affects your quantities and valuation.

There is no magic pill...