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.
Don't miss out on our Question of the Week! You only have until tomorrow, October 23, 2025, 2PM ET to comment your answers and earn rewards! Click here for more details.
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
WIP Accounts
Hi
I have a question about the NetSuite help guide and field level help for WIP fields:
https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N2335987.html#procedure_N2336006
In the above screenshot, for point a.), I don't understand:
1 why would the WIP variance account only be available on actual cost or average cost assemblies?
Aren't variances also tracked for standard cost items?
2. I don';t understand the sentence, "this is used when the reconciliation amount cannot be returned to the asset account because the amount has been shipped"
- How does an "amount" get "shipped"?
- What is the "reconciliation amount" in this context and where or why would it be returned?
Tagged:
0