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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.
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NetSuite Admin Tip: Incorrect Average Cost
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.
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