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Adjust Inventory Worksheet Problems

edited Nov 26, 2019 8:43AM in Accounting / ERP 2 comments

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"

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