GoldFinch Inventory Valuation helps organizations understand inventory value and the transactions that affect it. Inventory quantities, costs, purchasing, manufacturing, sales, warehouse activity, and accounting information can remain connected in Salesforce.
This integrated approach gives operations and finance teams a shared view of inventory activity while supporting financial reporting, reconciliation, and management analysis.
Connect Inventory Quantities and Costs
Inventory valuation combines two essential types of information:
- The quantity of inventory owned by the organization
- The cost assigned to that inventory
GoldFinch maintains inventory quantities and related cost information as products are purchased, received, produced, transferred, adjusted, consumed, and sold.
Business benefit: Connecting quantities and costs helps organizations understand both the physical and financial significance of their inventory.
Track the Value of Inventory Activity
Inventory value can change through different business activities, including:
- Purchase receipts
- Additional or landed costs
- Manufacturing consumption and output
- Inventory adjustments
- Product shipments and sales
- Returns
- Cost corrections
- Warehouse or intercompany activity
GoldFinch maintains transaction history to help authorized users understand how inventory quantities and values have changed.
Business benefit: Traceable inventory activity supports more efficient research, reconciliation, and financial review.
Support Consistent Inventory Costing
Inventory costs can be maintained according to the organization’s configured costing policies and business processes. The right approach depends on the nature of the products, purchasing practices, manufacturing operations, accounting policies, and reporting requirements.
Business benefit: Consistent costing methods improve comparability across transactions and reporting periods.
Organizations should determine their accounting policies and valuation methods with their accounting professionals. GoldFinch supports the configured business process but does not replace professional accounting judgment.
Include Additional and Landed Costs
Inventory cost may include more than the supplier’s product price. Depending on the organization’s accounting policies and GoldFinch configuration, additional costs may be assigned to inventory, such as:
- Freight
- Duties and tariffs
- Brokerage
- Insurance
- Handling
- Other acquisition-related charges
These costs may be assigned or accrued through applicable purchasing and accounting processes.
Business benefit: Including relevant acquisition costs can provide a more complete view of inventory investment and product profitability.
Manufacturing Cost Visibility
For manufacturers, inventory valuation can reflect the costs associated with components, ingredients, packaging materials, intermediate products, and finished goods.
Production activity can connect material consumption with the resulting output. Depending on the organization’s configuration, other applicable production costs may also be incorporated into product costing.
Business benefit: Manufacturing cost visibility helps organizations analyze production performance, finished-goods value, and product margins.
Inventory Value by Location and Dimension
Authorized users can review inventory quantities and values using relevant dimensions, which may include:
- Item
- Item category
- Warehouse
- Bin
- Lot
- Company
- General ledger
- Reporting date
Business benefit: Detailed analysis helps organizations understand where inventory investment is concentrated and identify unusual or changing balances.
Historical Inventory Valuation
GoldFinch reporting can help authorized users review inventory quantities and corresponding values as of a selected historical date, subject to the organization’s data, configuration, and transaction history.
Historical reporting can support:
- Period-end review
- Financial analysis
- Inventory reconciliation
- Audit support
- Trend analysis
- Management reporting
Business benefit: Historical visibility helps finance teams explain how inventory balances changed across reporting periods.
Connect Inventory with Accounting
When you use GoldFinch Accounting, posted inventory activity can connect to the general ledger based on the organization’s accounting setup.
This connection can support financial processes involving:
- Inventory assets
- Purchases and accrued liabilities
- Cost of goods sold
- Manufacturing activity
- Inventory adjustments
- Additional or landed costs
- Intercompany activity
- Period-end reporting
Business benefit: Connecting operational and accounting records reduces duplicate data entry and makes it easier to investigate differences between inventory activity and financial balances.
Inventory Reconciliation
Inventory reconciliation compares operational inventory information with the related accounting balances. GoldFinch provides transaction history and reporting information to help authorized users with this review.
Regular reconciliation may help identify:
- Unposted transactions
- Incorrect transaction dates
- Unexpected cost changes
- Quantity discrepancies
- Account-mapping issues
- Timing differences
- Incomplete period-end activity
Business benefit: More timely reconciliation helps organizations identify issues earlier and improve the reliability of financial reporting.
Reporting and Analytics
Salesforce reports, dashboards, and GoldFinch data can help organizations analyze:
- Inventory quantities and values
- Inventory value by item or category
- Inventory value by warehouse
- Historical inventory positions
- Inventory adjustments
- Cost changes
- Additional and landed costs
- Manufacturing costs
- Inventory turnover
- Slow-moving or excess inventory
- Product margins
- Inventory and general-ledger balances
Business benefit: Connected reporting helps operations, finance, purchasing, and management evaluate inventory investment and make better-informed decisions.
Key Business Benefits
GoldFinch Inventory Valuation helps organizations:
- Understand the financial value of inventory
- Connect inventory quantities with related costs
- Maintain traceable inventory transactions
- Support consistent inventory-costing practices
- Incorporate applicable additional and landed costs
- Improve manufacturing cost visibility
- Review inventory values by item and location
- Support historical and period-end reporting
- Improve coordination between operations and finance
- Simplify inventory-to-ledger reconciliation
- Analyze margins and inventory investment
- Reduce reliance on disconnected spreadsheets
- Manage inventory and accounting information on Salesforce
Learn More
Inventory valuation depends on each organization’s accounting policies, costing methods, operational processes, transaction timing, and system configuration.
Authorized GoldFinch customers can access detailed costing setup, posting logic, reconciliation procedures, field definitions, and troubleshooting resources. Sign in to GoldFinch Clientcare or contact GoldFinch Support for assistance.
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