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Inventory Item with quantity of seven and Total Value equal to zero.
We use costing method FIFO. We use bins. We use multi locations. Somewhere we have messed up when we started with NetSuite. Our inventory item values were not entered correctly. A large number of our inventory items are showing a total value of zero but have positive inventory quantities. This is making our cost of goods value incorrect then my profit margin all messed up. We cannot tell what our margins are on P/L statements or on invoices. Can someone tell us how to correct the Total Value of Inventory items to reflect correct values.
Thanks,
Johnny
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