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!
Inventory Valuation in Netsuite - Purchase Price, Last Purchase Price, Balance Sheet & P&L COGs
Is there a way to back adjust the COGs based on last purchase price without overriding all COGs based on default settings, which is FIFO and last price is not showing up on reports
Inventory purchase price issues:
1. Invoices were backdated after inventory stock receipt date. The Invoice did not pick up the COGs. Is there a way to back adjust the COGs based on last purchase price without overriding all COGs based on default settings, which is FIFO?Below is an example of this occurrence:
2. Inventory reports do not report Last Purchase Price
The Last Purchase Price is not showing up on the Inventory Reports:
0