Inventory Valuation report issue

anasabbas · ‎April 16, 2022

Hi friends,

I need to understand how (asset value) calculated in Inventory Valuation report and (calc. Avg).

is there any resource explain this topic or is there anyway to contact with developer team to ask them?

online chat did not useful for me previously.

thanks in advance for all

GlinetteC · ‎April 16, 2022

Hi there, anasabbas.

I can help share with you how QuickBooks Online Asset Value and Calc. AVG.

QuickBooks uses the weighted average cost to determine the value of your inventory and the amount debited to COGS when you sell inventory.

Here's how it's calculated in QBO:

QTY on Hand x Calc. Ave = Asset Value

Asset Value/Qty on Hand= Calc. Ave

I've added some resources related to inventory for additional reference:

You can also visit our Intuit Developer site if you have other concerns.

I'll be right here if you need more help managing your inventory in QBO.

Cannot add "inventory valuation reports" do our newly made custom roles. Add checkboxes are enabled for Reports > inventory reports