Why doesn't our Balance Sheet GL account 1300 Inventory Control match the IC Inventory Valuation Report for the same dates? At fiscal year end we are required to give this number to our accountant and we also provide monthly reports for insurance purposes broken down by location. I thought the Balance Sheet IC number on a particular date (i.e. Jan 31, 2010) would match the IC/Item Valuation for the same date, but it doesn't. Can anyone help?