You can get to this part of the system by clicking Reports in the blue Admin Toolbar, then clicking on the Inventory Value report.
Your Inventory Value Report is one we recommend you work with once a month, at the least. With this report, you do not configure a Date or Date Range; when you run it, it will calculate the current value of the Locations, Departments, and/or Vendors you have set in your Filters. Click the Run Report button to have the system show you your current inventory value. In the summary, you will see the Value (the total Cost of what you paid for the inventory), the total Retail Value, and the Quantity of total items you have in stock. All of this is broken down for you in line items for each Department in your results.
We also added the ability to run year-end reports for recent years, as needed. Use the drop-list in front of the Yearly Report download button to choose the year you want, then click the button to download the export. We plan to add the ability to do monthly downloads the same way in the future, but for now, please continue to manually run your monthly report and download the Export as described below.
You can Print or Export your results, as you like. The printed output will show the Department view that you see above, but the Export will have the Summary as well as line items for each of your products, with full information about each item's Cost and Retail Price and Quantity in stock. This output can help you identify any items that still need to have Cost values entered for them, if you're missing any. It is very important that all of your items have Cost values in place since this report can then be used to report your inventory value to your various tax authorities. We recommend running your Inventory Value Report and saving the Exported file once monthly, since you will not be able to look historically at your inventory value.