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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!
Adjust Inventory with COGS entries
I currently have negative on-hand in my inventory and needed to adjust it to zero. When I did an Adjust Inventory for this item, I selected an inventory count variance for the Adjustment GL account.
Sample:
Item A has current on-hand of -50 with -526.61 value. On the adjust inventory transaction, I then entered 50 to zero out the on-hand and placed 526.61 as new value.
When I looked at the GL Impact, it created a COS adjustment in addition to the adjustment gl entry I selected. I do not understand why COS adjustment was created and at what cost?
I filed a case with NS already but haven't received a satisfactory answer to this.
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