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SuiteWorld 2025 registration is officially OPEN
SuiteWorld is the largest annual gathering of the NetSuite community! It will be held in Las Vegas on October 6-9, 2025. Our customers and partners look forward to SuiteWorld every year as a place to hear the latest from NetSuite, get hands-on learning, and connect with each other. Register now!
SuiteWorld is the largest annual gathering of the NetSuite community! It will be held in Las Vegas on October 6-9, 2025. Our customers and partners look forward to SuiteWorld every year as a place to hear the latest from NetSuite, get hands-on learning, and connect with each other. Register now!
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Now, you can stay up-to-date with the latest discussions, helpful tips, and important announcements, all delivered straight to your inbox. Whether you’re looking to catch up on what you missed or just want a quick overview, our email digest has you covered. To learn more and to subscribe, click here.
NetSuite 2025.2 Release Notes - This document summarizes the changes to NetSuite between 2025.2 and the previous release.
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.
NSC | Inventory Worksheet Balance and Report Mismatch
Scenario
User receives inventory through accounts payable by entering items directly, without using purchase orders or three-way matching. Inventory adjustments are made via Inventory Worksheets with the Transaction Order set to "Last Transaction in Day." However, when AP enters invoices and updates the average cost, NetSuite revalues inventory and Cost of Goods Sold (COGS) in prior periods, which they want to avoid.
Solution
To prevent NetSuite from altering prior periods when entering invoices:
- Close Accounting Periods Monthly
- Currently, periods are only locked, not closed, allowing changes to old transactions. Closing periods monthly (Setup > Accounting > Manage Accounting Periods) will prevent backdated entries and modifications to past data.
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