Inventory value represents the total monetary value of the cost of products in stock. It is calculated as: (Quantity of products in stock × Cost per product).
Viewing Inventory Value
Go to the Homepage, where the inventory value appears in the data section on the right side of the screen.
Click on the Branches field and check the box (✔) next to the branch(es) you want to view the inventory value for.
The inventory value will be displayed for the selected branches.
For more detailed information, navigate to:
Reports > Inventory > Inventory Value.
You can filter by product name or branch for specific details.
FAQ
1. What operations affect inventory value?
Inventory value is calculated as (quantity of product × product cost). Any changes to the quantity or cost will directly affect the inventory value.
2. Why doesn't inventory value change when selecting a specific time period on the homepage?
Inventory value is not affected by the selected time period. It always reflects the current value of products in stock.
3. Why does the inventory value show as negative?
A negative inventory value typically occurs when the "Allow Sales Below Zero Quantity" option is enabled, and sales are made despite insufficient stock.
To resolve this: disable this option and correct the product quantity in inventory using purchase invoices.
4. I entered an incorrect cost for a product, and the inventory value is now incorrect. How can I fix it?
To correct the inventory value:
Delete the product with the incorrect cost.
Re-add the product with the correct cost.
The inventory value will be recalculated automatically based on the updated quantity and cost.