Reconcile Inventory with the General Ledger to check the accuracy of material transactions that you have entered and posted in ProContractor.

1. Go to Material > Inventory and post all inventory batches.
   Refer to the following posting processes if needed:

   • Post inventory usage
   • Post warehouse transfers
   • Post stock receipts
   • Post inventory usage returns
   • Post inventory adjustments
2. Go to Materials > Reports > Inventory to General Ledger Reconciliation and run the report.
   Note: If using divisions, the report combines totals based on the selected inventory account.
3. If the report shows a difference, you may need to reconcile purchase order receipts or stock receipts:
   1. To reconcile purchase order receipts not yet invoiced, go to Vendors > Reports > Purchase Orders > Purchase Order Summary, run the report, and make any needed changes. Use these settings for the report:

      Field	Value
      Report Through Date	Use the month-end date that you are reconciling.
      Purchase Order Status	Committed
      Report	Both

   2. To reconcile unposted stock receipts, go to Materials > Inventory > Stock Receipts Posting Journal, run the report, and make any needed changes.
   3. Run the Inventory to General Ledger Reconciliation Report again.
      Note: If using divisions, the report combines totals based on the selected inventory account.
4. To account for any difference due to rounding, create a journal entry using the same month and year for the journal entry that you used for the reconciliation.
   Note: Without a correcting journal entry, the amount of the rounding error will remain out of balance and affect future reconciliations.