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Action Required: Review and submit pending reconciliation matches before the NetSuite upgrade to avoid rework. After 26.2, unsubmitted matches will be unmatched. For more details, see SuiteAnswers 1047397

Item Cost not being recognized on Return Authorization

edited Dec 17, 2012 7:56PM in Accounting / ERP 9 comments

We have noticed that when we sell an item out of one inventory location followed by returning that item directly into a different location, if the average cost of that item in the returning location is $0, then the item is returned at a $0 value. We expected that the cost value would either be:

1. the cost at it was orginally sold in the sales transaction
2. the average weighted cost from the location it was sold from.
3. the average weighted cost for all locations.

but not $0.  This is throwing off all our inventory valuation and possible P&L.

Appreciate any feedback.

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