Discussions

Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more

Convert item from inventory item to expense

edited Jun 14, 2013 2:00PM in Accounting / ERP 2 comments

From time to time we take items out of our inventory to use in our shop for production - products like cans of lubricant or tubes of sealant. When this happens we do an inventory transfer to take the items out of stock.

The problem is that this doesn't cover the entirety of what's happening. If the item was not something that we stocked (kept on hand for sale to customers) and had to be ordered for use in our shop then the item would be purchased and expensed to a "Shop Supplies" expense account.

How do I both: a) transfer the item out of stock and b) hit my shop supplies expense account for the cost of the item?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 4 (Oct-Dec 2025)

This Week's Leaders

This Month's Leaders

All Time Leaders