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WIP Accounts

edited Jun 2, 2025 2:54PM in Ask A Guru 4 comments

Hi

I have a question about the NetSuite help guide and field level help for WIP fields:

https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N2335987.html#procedure_N2336006

In the above screenshot, for point a.), I don't understand:

1 why would the WIP variance account only be available on actual cost or average cost assemblies?

Aren't variances also tracked for standard cost items?

2. I don';t understand the sentence, "this is used when the reconciliation amount cannot be returned to the asset account because the amount has been shipped"

  • How does an "amount" get "shipped"?
  • What is the "reconciliation amount" in this context and where or why would it be returned?
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