Hi, Susan,

The Item Valuation report is functioning as it should.

If you run the report using the same date as the 'system' date (not the session/log on date), the report is based on all transactions in history and reports (among other things) the Actual Cost, Recent Cost, Selling Price and Standard Cost.

If you run the report backdating it to March 31st, the report calculates out all transactions in history from the system date backward until it reaches the first transaction in history having the date requested for the report (eg. March 31st). The format for the report is a little different as it is impossible to backdate and calculate certain information. Therefore, only the Avg. Unit Value and the Actual Cost are reported.

It can only report on transactions that actually exist in transaction history.