You data file has a discrepancy in the Inventory Asset account:
Note: The Client Data Review (available in the Accountant's Edition of QuickBooks) includes a tool to help resolve this issue.
The Balance Sheet report draws information from the accounts, whether they are associated with items or not. The Inventory Valuation reports, however, draw information from items only. This means that Transactions using inventory items show on both reports, but transactions without inventory items show only on the Balance Sheet report.
Some examples of transactions that will show on the Balance sheet but not the Inventory Valuation reports are as follows:
To identify transactions that are causing the discrepancy:
If inventory adjustments are dated in the future, change the date range to include all future adjustments, and then re-run the Inventory Valuation report.
An example of this situation is where an item is made inactive, but still has a non-zero value (with or without a Quantity on Hand). This value is included in the Balance Sheet because it affects the Inventory Account but it is not included in the Inventory reports because it is inactive.