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• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
Understand some accounting items and how to make changes
Hello All,
We have been using Netsuite for some time now and wish to make some changes, and I am not sure how to make the changes, or if there is an easy way. Some questions are below I am hoping people can help answer:
Inventory items:
-We are using AVERAGE for the costing method.
1) Does the AVERAGE price ever get reset? Say when the item reaches 0 and then starts again to average out?
2) Is it possible, without setting up new items to change from say AVERAGE to FIFO? Maybe via an export and import function?
-If I need to revalue inventory, what would be the best way / easiest way to revalue all the inventory? Would this be done on an Inventory Worksheet?
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