1. A method for dynamic configuration of a load balancer in as virtual network environment, the method comprising: configuring load balancing rules using virtual machine (VM) inventory objects; transforming the configured load balancing rules by replacing the VM inventory objects in the configured load balancing rules with associated Internet protocol (IP) addresses using one of an IP address management (IPAM) table and a network address translation (NAT) table; and sending the transformed load balancing rules to the load balancer for load balancing network traffic between a plurality of VMs running on at least one host computing system in at least one computing network.