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Read on for the latest updates including:
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• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
Standard Costing GL Impact at Work Order Completion – Variance Handling for Labor
Details:
We’re using Advanced Manufacturing with WIP and Routing and Standard Costing enabled.
For a purchased inventory item, we have Material and Landed cost categories. Upon PO receipt, the GL impact behaves as expected:
- Dr. Raw Materials Inventory (Material amount)
- Cr. Accrued Purchases
- Dr. Raw Materials Inventory (Landed cost amount)
- Cr. Landed Cost Absorption
This part is working well.
Where I’m stuck is the GL impact at Work Order Completion for an assembly item.
We’re using three cost categories: Material, Labor (in routing), and Overhead (on BOM). Currently, when a work order is completed, the system posts:
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