Inventory valuation

What the report shows

The valuation report adds up what your belongings are worth, which is useful for insurance. It also shows which items are missing the information needed to give them a value.

Create a report

1. Go to Menu → Reports → Inventory valuation report.
2. Under Report scope, choose everything, one Site, or one Area.
3. Tick any options you need. See below.
4. Choose how to sort the report and the Output format: a printable landscape report, or a CSV file.
5. Tap Create valuation report.

Options and filters

• Include high-risk Things only.
• Include Things normally not included in valuation, such as cars that are insured separately.
• Show individual Contents and Show Parts and their separate costs. Parts are shown but not added to the total.
• Only Things missing valuation details: finds Things with no value, or a value with no date.
• Things at minimum calculated value: finds Things whose estimate has dropped to the Category minimum.
• Out of warranty; valuation over a year old or undated: finds values that may be out of date.

Good to know: If you tick more than one filter, the report shows Things that match any of them. Leave them all off to see everything.

How values are chosen

• A current value that you enter always wins over an estimate.
• If you have not entered one, ThingzSafe estimates a value from the purchase price, the age of the item, its warranty and the Category minimum.
• Things without enough information are labelled Needs valuation.
• Prices are for one item. Totals are worked out from the quantity.
• Turn on New for old valuation in Menu → App → App settings to use the purchase price as the replacement estimate when no current value is entered. It does not look up the current shop price.

Contents, Parts and exclusions

• A Category can add the value of Contents to the Thing that holds them. Parts costs are kept out of the normal total.
• Some Categories, such as cars, are normally left out. You can include them with the report options.
• The report shows how many Things were left out and what they are known to be worth. Check the scope, so a subtotal is not mistaken for the value of everything you own.

AI lookup and the inventory report

The inventory report totals the values in your records, including its configured estimate rules. Pro’s AI replacement lookup is a separate tool that searches comparable prices. It updates a recorded current value only after you accept a proposal. Learn about AI replacement valuations.