On-hand Balance

On-hand balance is the quantity of an item physically in stock according to the system. It is displayed in different summation levels; the balance per item and facility is the highest level and the balance per balance identity the lowest level.

The on-hand balance can be divided into different categories for quantities are no longer available and for others that are being processed or are rejected.

The on-hand balance is often used for planning issues and acquisitions, as well as for inventory valuation.