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Reconcile/fix Inventory Received Not Billed

edited Oct 23, 2013 11:31AM in Accounting / ERP 20 comments

Each time we receive a PO, we increase "Inventory Received Not Billed".

Each time we bill a PO, we decrease "Inventory Received Not Billed".

Sometimes (quite often actually) we get vendor price changes -- usually upwards. We adjust prices on the Vendor bill. As a result, our "Inventory Received Not Billed" account is constantly shrinking... going more and more negative.

Should I fix this with a GL Journal? In the past, Netsuite has advised me against using a GL journal to change any inventory account values, as the reporting will be permanently messed up.

Is this a problem anybody else has?

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