Standard Costing: Field Label Change from "Item Standard Cost" to "Item Default Cost"

This notice applies to customers who are using Standard Costing in your NetSuite account. When your account is upgraded to 2024.1, there will be a label change.

What is Changing?

The label "Item Standard Cost" is being changed to "Item Default Cost" on the Item Record to avoid confusion with the label "Item Standard Cost", as the field value is not the item's financial standard cost. Within Standard Costing, where the same field is primarily consumed, it is referred to as "Item Default Cost".

Required Actions

There are no required actions by the Administrator for this update. Note that we will not be renaming these fields on any custom forms. We will only be changing the field label on these non-customizable and/or default forms: