Inventory reports are documents or system-generated summaries that show the current status, movement, and value of stock (goods or materials) in a business. They help businesses monitor how much inventory they have, what items are selling, what needs restocking, and whether there are any discrepancies.

Common types of inventory reports:
Stock on Hand Report
– Shows the quantity and value of items currently available in storage.
Stock Movement Report
– Tracks inflows (purchases, receipts) and outflows (sales, issues, transfers) of stock.
Stock Valuation Report
– Provides the financial value of inventory, usually based on methods like FIFO, LIFO, or Weighted Average.
Stock Issues Report
– Lists items that have been taken out of stock for sales, production, or internal use.
Reorder Report
– Highlights items that have reached their minimum stock levels and need replenishment.
Audit Log / Stock Adjustment Report
– Records changes made to inventory balances, such as corrections, write-offs, or theft/loss adjustments.

Purpose of inventory reports:
Ensure accurate stock levels.
Improve purchasing decisions.
Prevent stockouts and overstocking.
Support financial reporting and audits.