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Problem: The Inventory Value Reconciliation report shows an out of balance amount Background: Items that are kept in inventory have a Quantity on Hand value and a Current (monetary) Value, and are associated with an Inventory, Asset account. The value of the Inventory Asset account should equal the total of the Current Value of all the items associated with the Inventory Asset account. If the value of the Inventory Asset account does not equal the sum of item Current Value amounts, they are said to be Out of Balance. Causes: Incorrect Inventory Account Opening Balance When initialized, the opening balance of the Inventory Asset account was not set to match the sum of all item Current Value amounts. Inventory Adjustments Adjust Inventory transaction(s) were recorded where the allocation account is the same as the item Inventory Asset account. This has the effect of adjusting the Item Current Value without adjusting the value of the Inventory Asset account.