Forum Stats

  • 3,679,561 Users
  • 57,508 Discussions
  • 190,780 Comments

Discussions

Check out Oracle NetSuite upcoming events and conferences here
Cheers to 1️⃣0️⃣ years of #SuiteWorld! 🎉 We’re celebrating by extending the Super Saver Pass AND launching the digital On Air experience TODAY! Whether you join us in-person or digitally, we can’t wait to make even more memories with you. https://lnkd.in/dGpPpmUV
Webinar | COSTING 101: Learning the Basics of Inventory Costing webinar was a success! Please take a minute to fill out this short survey. For those who missed it - Don't worry! Here's the link to the recorded session!
NetSuite Support Assistant: A quicker way to get answers to your basic NetSuite questions
The NetSuite Support Assistant is a convenient chatbot SuiteApp that provides quick responses to your basic questions directly from your NetSuite Account.
Click NetSuite Support Assistant Now Available for more details.
Release Preview 2021.2

If you would like to receive a 2021.2 Release Preview account, please opt -in to take advantage of the Release Preview access period to prepare and become familiar with the new NetSuite capabilities. For details, see Requesting a Release Preview Account.

If you receive a Release Preview account in 2021.2, you can access it several weeks before your production account is scheduled for an upgrade to the new release of NetSuite. Notifications with details about Release Preview availability are sent to the account administrators as described in Release Preview Notifications. Release Preview availability information is also posted on the New Release portlet.

WEBINAR Q&A: If there is enough stock, then is doing direct invoicing a bad practice?

Hormese Paul
Hormese Paul Member, forum_userscommunity_users Posts: 134 Red Ribbon
edited Sep 2, 2021 11:54PM in NSC Webinars 192.188.170.87

Full Question: If there is enough stock, then is doing direct invoicing a bad practice? Will Allow Overage of items and Allow Uncommitted items preference cause troubles to costing of items?

Asked by: @Hormese Paul

Answers

  • Jack Daryl Espiel-Oracle
    Jack Daryl Espiel-Oracle Community Manager, forum_netsuite_mod, ORACLE_EMPLOYEE Posts: 726 Bronze Trophy

    This question would be answered by one of our gurus so stay tuned!

    Thank you!

    -Jack

  • Joy Noreen Magoling-Oracle
    Joy Noreen Magoling-Oracle Member, forum_netsuite_mod, ORACLE_EMPLOYEE Posts: 477 Bronze Trophy

    Hello @Hormese Paul,

    Thank you for joining yesterday's webinar and for actively participating in the polls and Q&A portion!

    To answer your question, doing direct invoicing when there is enough stock is not necessarily a bad practice. It will still depend on how businesses process sales.

    On the other hand, for Allow Overage on Item Fulfillments and Allow Uncommitted, yes, these allow users to go underwater sales and that will result to COGS Adjustment. Thus, users should be extra cautious if these preferences are in use.

    With this, we can take additional measures to avoid underwater sales such as enabling Inventory Level Warnings. For your reference, you can visit SuiteAnswer Id 28025 - Setting the Inventory Level Warnings Preference. This may be helpful in both instances.  

    I hope this answers your question!


    Thanks and regards,

    Joy