Inventory accounting is possible
posted 2018.05.10 by Clark Wilkins, Simplexable

I just finished weeks of work in a company dataset, perusing and auditing inventory transactions. The analytical tools were completely rewritten in v16.178 to show:

  • All non-performing inventory costs
  • Overcharged transfers of value from inventory
  • Items that left inventory, but costs remained to be transferred
  • Finished goods (work is done) vs. Work in Progress items
  • Source group current values
  • Inventory cost transfer validations
  • Composition of inventory costs

At the end of the process, I was able to account for all costs to the penny for 6715 separate inventory items. That's perfect balance, composition, and reconciliation. I'd argue you probably can't do that with any other software. That's INSIGHT.