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Discover new innovations across NetSuite with 2026 Release 2
■ NetSuite 2026.2 Release Notes
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■ NetSuite 2026.2 Release Notes
■ NetSuite SuiteApps Release Notes
■ NetSuite Sneak Peeks
■ Release Preview Guide
■ Release Preview Test Plan Template
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
Inventory Revaluation
Hi,
We have NetSuite integrated with a third-party application called 'HighJump'.
We maintain the Inventory master data in NetSuite and using 'Average Cost' for item costing. We have identified a few issues with the Average Cost and decided to do Stock Revaluation. We have a Matrix Lot Numbered Item structure set up in the System and not sure how to do it and any impacts of the evaluation.
Could you please advise us if we can perform revaluation to correct the Average costs and by having the accurate reporting our inventory levels?
Thanks and Regards,
Venkat Ramayanam
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