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
Memo Cost of Sales Adjustment on Item Receipt
Hi all
Maybe this question has been asked by several of our colleagues, but I need a simulation for this, because this affects the cost center
on 01/12/2023
Transaction Cash sales -5 from department sales, but on 01/12/2023 qty on hand its 0
on 02/12/2023
transaction item receipt either transfer order or receipt item on PO for 10 item with rate $100 fromd epartment inventory
i want know what journal entries occur, and how is the stock recognized?
is journal when receipt on 02/12/2023
db inventory $1000 department inventory
cr accrued purchase $1000 department inventory
and system will automatic journal for adjusment to make item will be -5
db COGS 50
Regards,
R. Dieka Pribadi G. E.,
Tagged:
0