Improving Business Central's Basic Functionality
The Inventory to G/L Reconcile report has been a standard tool within Microsoft Business Central for many years, providing essential support for accounting and finance teams. This report helps reconcile the detailed Item Ledger Entries with the General Ledger at the close of each accounting period.
While effective in reconciling the inventory sub-ledger with the General Ledger, the original report lacked enhanced visibility into expected costs. Now, the new Advanced Inventory to G/L Reconcile report has been optimized to offer improved visibility into cost types and a more intuitive layout, making reconciliation more accessible and effective for users.
What's New in the Advanced Inventory to G/L Reconcile Report?
The enhanced report offers valuable upgrades to assist users in reconciling data accurately. Here are some of the key improvements:
New Columns for Greater Visibility
Purch. Returns Shipped not Invoiced – Highlights the value of purchase-related expected costs.
Sales Returns Received not Invoiced – Provides insight into the value of sales-related expected costs.
WIP (Work in Process) – Displays the interim work-in-process value, giving a clearer view of partially completed work.
These additional columns give users a better understanding of the inventory-related costs that need reconciliation.
Improved Report Layout and Color Coding
The columns within the report have been carefully reorganized and color-coded to provide a clearer view of how various data points interact.
Value not yet posted to the G/L is now located on the far left and marked in red to signal that not all costs are fully reflected in the General Ledger.
Total Expected Cost is bolded to highlight the aggregation of expected costs.
Total Actual Cost (previously labeled as “Invoiced Value”) and Inventory Valuation have also been reorganized and bolded to represent the grand total for each row, helping users quickly interpret values.
Color-coded captions make it easy to differentiate columns and understand the relationship between various cost metrics in reconciling report activity to the G/L Account.
Benefits of the Advanced Inventory to Reconcile G/L Reconcile Report for Business Central
This enhanced report not only simplifies the inventory reconciliation process but also offers valuable clarity for accounting teams by:
Improving cost visibility across multiple categories
Offering a more organized and color-coded layout
Highlighting costs that have not yet been posted to the General Ledger
Providing a clearer path to accurate end-of-period financial reporting
Accessing the Advanced Inventory to G/L Reconcile Report App
Still don't have the app? Don't worry, accessing the new Advanced Inventory to G/L Reconcile report app is easy!
Click the below image and follow the on-screen instructions.
