Check out Oracle NetSuite upcoming events and conferences here
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!
Attention: Customers with NetSuite Electronic Bank Payment (EBP) SuiteApp, version 2020.2 QA (ID 315896) must UPDATE (do NOT uninstall) their bundle to the Production version 2022.1 (ID 416781) by December 31, 2022. Note: If users fail to manually update the Electronic Bank Payments SuiteApp within the given time window, this version of the SuiteApp (ID: 315896) will be deprecated and the account will not be updated to Leading version (2022.1) of the Electronic Bank Payments SuiteApp. Please refer to the campaign email sent to impacted customers for more information.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Update your Profile with your Support type to get your Support Type badge.
The live webinars are back! Join us on December 8, 2022 11AM - 12PM PST and learn how to Automate Key Business Process Using Set Field Value Workflow Action. For more details, click on this link.

NetSuite Admin Tip: Incorrect Average Cost

edited Aug 31, 2022 6:58AM in NetSuite Admin Corner 2 comments

Users may encounter having incorrect average costs for their items. Causes of this scenario may vary from business to business.

Here are some tips on what we can do:

I. To check the cause of the behavior, we can do it through the help of different inventory-related reports such us, but not limited to, Inventory Valuation and Inventory Activity Detail.

II. Identify the type of Inventory to know the possible approach in resolving. Is it serialized or non-serialized?

III. To resolve,

a.) we can use the Adjust Inventory (Transactions > Inventory > Adjust Inventory) for serialized items. We just have to zero out the quantity first and then bring them back with the correct unit cost.

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!


This Week's Leaders

This Month's Leaders

All Time Leaders