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!
Adjust Inventory Worksheet Problems
This is extremely bizarre and i am not sure why NetSuite woudl behave in this way. Anyhow here is an example
Made simple for the maths
You have an inventory of 1 item worth $100.00
You adjust that inventory item to be worth $90.00 (for whatever reason)
Therefore the difference is $10 which say we charged to "Inventory Depreciation"
However Netsuite credits $90 to the "Inventory Depreciation"
It seems NS believes we have suddenly gained $90.00 worth of stock.
My understanding (and the way this worked in QuickBooks) was it should charge the difference between the old value and new value to the selected account. so in this case $10.00 charged to "Inventory Depreciation"
0