Inventory Turnover Report

As a business requirement, the Inventory Turnover Report is used to report Inventory transactions for a period or range of dates. You can use this to facilitate reconciliation between Inventory and the General Ledger for audit purposes and good business practice.

Inventory movement reports includes this information for a selected date range: opening balance, purchased quantity, internal transactions inbound/outbound, sales, and the closing balance. The report can be viewed in detail or summary format.

Transfer of inventory between locations may have excise duty implications.