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Where can we set inventory valuation?
Hi @all
We are using advanced manufacturing features and standard costing. How can I find out what Inventory Valuation Method we are using in NetSuite? Are we using, Periodic, perpetual, Average, LIFO or FIFO?
I know we are using "Standard" for the Inventory Costing Method. I was able to find that in the Accounting Preferences but I was not able to find the Inventory Valuation Method under Accounting Preferences. I also looked in my Cost Of Goods Sold Variances-Inventory Cost Revaluation Account- chart of account and it does not show what method it is using.
Any suggestions
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