Before attempting to compare the GL Account Values to any of the Valuation reports (example Inventory Valuation, Unreconciled Receipt, etc. . ) throughout the system you need to make sure that the following has been done.
- Have a backup data set created, that you can have restored and configured as your Test Database for Analysis.You have to do this because inventory is a moving target on your live system.
- All AP Debit Memos Approved
- All Invoices need to be Released to AR
- All Credit Memos Approved
- All AP Reconciliations transferred to AP
- ALL transactions Released/Posted to the GL
- At this point in time you should be able to compare the Valuation Reports to the corresponding GL Account # Values.
|