Week 3: Did you know? Series of the Week
Weekly, the Dynamics GP team will be posting a ‘Did you know?’ series. We’ll give tips, tricks, and general comments around features and functions that already exist in Microsoft Dynamics GP. This week we will focus on the HITB.
Our challenge to you is…how much do you really know about Dynamics GP?
The Historical Inventory Trial Balance (HITB) report shows your inventory value as of a specific date or date range and the value of the five different quantity types.
If you want to use this report, you will need to use the HITB reset tool for Microsoft Dynamics GP 10.0, Service Pack 2.
Not sure if you want to use this report? The report shows your inventory value as of a specific date or date range. You can use this report to tie your inventory balance to General Ledger based on a specific date. So, yes, you do want to use this report.
What does the IV Reset Tool do? In order to track historical inventory information a new table was added in Dynamics GP 10.0, Service Pack 2. The tool will populate this table and it will also find a starting point where the value of your Inventory and General Ledger are the same.
Before running the tool, there is important information you must understand. You will want to complete the process on a test company first and I would recommend engaging with your partner to work through this process.
Well, that’s it for this week! Stay tuned next week where we will ask you again…Did you know?