Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
Copy Inventory items
As many know you cannot change a GL account for an inventory period (due to closed period)...looking into this in other posts, they all say you need to create a new inventory item with the new GL account, and inactivate the old..
none of the posts say how this copying affects the average cost..
say we have an inventory item that has an average cost of $5 that took into account hundreds of transactions..if a new good was received at $10...it might calculate the average cost to $5.25 (no impact)
but if we create a new inventory item and give it a standard cost of $5 and we add a new receipt at $10, the calculated average cost would be $7.50 (huge impact)
Tagged:
0