The On Hand Product Report gives the total value of all products currently on hand. If you need an accurate value for your accountant at year-end, you will need to print this on the LAST day of the year, before there is any inventory activity in the new fiscal year.
On Hand Product Report includes:
- Average Cost column which is the current average cost of each product listed
- On Hand Cost column which is the average cost multiplied by the quantity on hand
- Total at the bottom of the report which is the total value of the On Hand Cost column
The information on this report is only applicable to the date and time it is generated.
The report is sorted first by Product Line, then each Inventory Group with associated products underneath. The information contained on the On Hand Product report is only as good as the day it is generated. Be sure to generate the report on the day where an accurate inventory value is needed.