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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
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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!
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Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
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.
Inventory with Zero Value
Hi,
I'm new to NetSuite and found some issues that we need assistance with. When we were reconciling our inventory, we noticed that the inventory value was reconciling, but our units were very off. In doing further research, we identified that there were sales (item fulfillment) that had no GL impact (zero COGS), where as some did. A large majority of these type of transactions occurred the month after our implementation of NetSuite and our WMS.
Basically, our employees in the DC found items not counted during implementation, and had them setup in NetSuite and our WMS, but they set them up without a cost. As a result, we've had transactions with zero value. Also, we currently use average cost to value our inventory.
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