Merchandise reports can provide complete information about the status of your goods. This includes an analysis of what is on hand, in transit, on order, or on layaway. It includes what has been received, sold, transferred, or adjusted, and the defined Min/Max levels for any time period.

For example, you can run a report that lists your inventory items grouped by department and vendor, and includes both the current on hand and net sales for the last 30 days for each item. This is the kind of information that tells one to re-order, transfer, or mark down in a timely manner.