Viewing Inventory Value

The Inventory Value window displays the current value of your inventory and allows you to view the value recorded at the start of previous months.

Important:  Millennium calculates the inventory value by multiplying the average cost of each product by the on hand quantity and adding the value of all products together.  The average cost for a product is the average of the product's cost on every purchase order receipted into Millennium.

Note:  Millennium calculates the inventory value automatically on the first day of each month when someone accesses Millennium.  For example, if you access Millennium for the first time in January on the third, Millennium calculates the inventory value on January 3.

1. Select Inventory > Inventory Value.

The current value of retail items, professional supplies, and all products on hand displays.

2. Complete the following as necessary:

• View the inventory value recorded on a previous date

  1. In the Date Selection field, select an inventory value record.

  The inventory value recorded on the selected date displays.

   

• Print a graph of the inventory values recorded during a specific year

  1. Click Value Graph.

  The Reports & Graphs window displays.

  2. Select the year for which to view data.

  3. Click Print.

  The Page Setup window displays.

  4. Click OK.

  The Print window displays.

  5. Select a printer.

  6. Click Print.

   

• Print a report with the value of each product in inventory on a specific date

  1. Click Print.

  A print preview displays.

  2. Click the Print button on the toolbar.

  The Print window displays.

  3. Select a printer.

  4. Click Print.

   

related links

Counting Inventory

Model Quantity Wizard

Slow Moving Inventory Wizard

Inventory Turns Wizard