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Discover new innovations across NetSuite with 2026 Release 2
■ NetSuite 2026.2 Release Notes
■ NetSuite SuiteApps Release Notes
■ NetSuite Sneak Peeks
■ Release Preview Guide
■ Release Preview Test Plan Template
■ 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
Allocating Purchase Price Variance
How do you allocate purchase price variances at the end of a period to COGS and Inventory?
We are using the standard costing method and generating PPV when the PO price for an item differs from its standard cost. This is an excellent way to identify items with rising costs. At the end of the period, however, for our financials to state income and inventory accurately, we need to prorate the PPV to COGS to accurately reflect the cost of sales and to inventory to accurately reflect the value of the inventory. Currently, the PPV shows as a line item below the gross profit line, and it includes variances generated for all purchases made
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