LIFO V APPRECIATION

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PartsDanager
Posts: 203
Joined: Wed Mar 09, 2022 8:27 pm

LIFO V APPRECIATION

Post by PartsDanager »

hello,

doing year end. We don't take appreciation month to month, so I get the year's total from the MGR report each month when I do reconciliation.

My LIFO report showed a +3997.61
My appreciation YTD (dec) was 11424.65

I thought these were essentially the same thing. Am I missing something?
MSInventory
Posts: 115
Joined: Mon Apr 03, 2017 9:45 pm

Re: LIFO V APPRECIATION

Post by MSInventory »

Make sure the appreciation# isn't including "manual" appreciation update -vs- "Factory update.
"The worst thing a Parts Manager can do is to fall in love with his parts."
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