New to NetSuite | Inventory Transactions 103: (Part 1) Inventory Adjustment vs Inventory Worksheet

In our previous articles, we explored Inventory Transfer (New to NetSuite | Inventory Transactions 101: Inventory Transfer) and Transfer Order (New to NetSuite | Inventory Transactions 102: Transfer Order), which are both used to move inventory from one location to another. This time, we are shifting our focus to transactions used to correct or update inventory records.

When actual stock on hand does not match what is recorded in the system, businesses need a way to bring the system back in line with reality. This is where Inventory Adjustment and Inventory Worksheet come in. While both are used to update inventory, they work differently and are designed for different situations.