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.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
No Limits. Just possibilities.
Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
Try Intelligent Payment Automation – Fee Free For Your First Month

Intelligent Payment Automation, powered by BILL (aka Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.

The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.

For more information, visit this thread.
Community Articles: What Topic Should We Cover Next? Your idea could be our next feature—drop your suggestion now and spark the next big discussion!

Estimated Total Value on Inventory Adjustment - calculations for standard costing method

edited Oct 16, 2020 1:33PM in Ask A Guru 1 comment

I hope you can help me please

Having set up standard costing, I have entered items data and location standard cost on the inventory records

Item ABC632 for example

I have a qty on hand of 24 and the location standard cost is 3.19608696 (therefore total value is 24 x 3.19608696 = 93.98608704)

I make an inventory adjustment using  Transactions>Inventory>Adjust Inventory - accessing the Inventory Adjustment form. On the IA form, I can see that the system has rounded up the cost per unit to 2 decimals places. The current value for the starting qty of 24 as above is rounded to £93.99 (not displayed to 7 decimal places, which is what I expected to happen give that stanard cost is being used)

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 1 (Jan-Mar 2026)

This Week's Leaders

This Month's Leaders

All Time Leaders