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.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
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.
SuiteWorld October 6 - 9, 2025: Agenda Builder is live!

Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!

Check out this thread to learn more!
Going to SuiteWorld? Connect with SuiteGurus—Your NetSuite Product Experts!

Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.

NSC | Inventory Transfer > GL Impact on Reports

edited Aug 22, 2025 9:52PM in Accounting / ERP

Scenario

In NetSuite, an inventory transfer is intended to simply move inventory from one warehouse to another without affecting the Profit and Loss (P&L) statement. User noticed that some inventory transfers are behaving incorrectly, acting as if they were item fulfillments. Specifically, these transfers are debiting the Asset account and increasing Cost of Goods Sold (COGS), which is not how they should function—ideally, they should not impact the P&L at all. This unexpected behavior is causing significant issues with the cost calculation of their finished products, making it difficult to maintain accurate financial records.

Solution

The General Ledger (GL) impact you’re seeing in these inventory transfers stems from the value or rate assigned to each location in NetSuite. Since the location feature is enabled, the system automatically allocates the rate and value specific to each warehouse involved in the transfer. This allocation is what’s driving the P&L impact, and it becomes especially noticeable when you run inventory reports that include these location-specific rates.

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