I have discovered that there is a issue with entries posted to G/L Inventory account whenever there is a Progress Entry Return done. The problem started when we upgraded from 7.4 to 2014-OCT. I tracked Manufacturing transactions with and without Progress Entry Returns prior to the upgrade and after the upgrade and there is a consistent problem. From 07/28/15 to current my Inventory Valuation report and G/L is approx. $34,000 off (G/L balance is higher than Inventory Valuation Report).
Has anyone else experienced this same problem? I have not found any posts that addresses this situation specifically.