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• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Inventory Revaluation
Hi,
We have NetSuite integrated with a third-party application called 'HighJump'.
We maintain the Inventory master data in NetSuite and using 'Average Cost' for item costing. We have identified a few issues with the Average Cost and decided to do Stock Revaluation. We have a Matrix Lot Numbered Item structure set up in the System and not sure how to do it and any impacts of the evaluation.
Could you please advise us if we can perform revaluation to correct the Average costs and by having the accurate reporting our inventory levels?
Thanks and Regards,
Venkat Ramayanam
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