V8 - Reconciliation tools overview


 

SOS Inventory provides tools to help you compare your SOS Inventory value to that of your QuickBooks asset accounts.  Additionally, SOS provides tools to ensure that SOS Inventory transactions affecting quantity/value have correctly posted to QuickBooks to update the asset (and other) accounts.

 

The reconciliation process in SOS assumes that a matching starting point can be established—a point in which the inventory value in SOS Inventory matches the asset accounts in QuickBooks. This will be the starting date of your reconciliation, as with balancing a checkbook. You might need to adjust historical values as of a certain date to establish an initial starting point.

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