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Clarification on Overriding Default Expense Account for Non-Inventory Items (PO / Vendor Bill)
Hi , I would like to clarify whether NetSuite provides any native configuration options or technical solutions to control or override the default GL account mapping (Expense Account) for Non-Inventory Items during transaction entry (e.g., Purchase Order, Vendor Bill). Business Scenario For some subsidiaries, our…
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Updating Item Income Account with Transactions in Closed Period
Hi, We’re trying to update the Income account on an item, but NetSuite blocks this since transactions already exist in a closed posting period. Our need is slightly different: We want to update the income account on an item(that has historical transactions), but without reopening the closed period. Has anyone found a way…
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Need Help: Assigning Different COGS to Same Item for Construction vs Repair
Hi everyone, has anyone faced a situation where different COGS accounts need to be assigned to the same inventory item based on different business types within the same subsidiary? Looking for advice or alternative solutions. Scenario: We’re using the same inventory item across both our Construction and Repair businesses,…
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Can You Change an Item's Expense Account Per Transaction?
Hello— We are in a scenario where we use the same item for two cases: Drop-shipping the item to the customer Using the item as a component for a Work Order/Assembly Item build. However, the expense account should be different for each case: When drop-shipping the item (from a Sales Order), we want to use our Purchased…
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Why are Inactive Items and Accounts allow posting?
HI There I wanted to confirm what the expected behaviour is if an item is inactive and so is the associated GL account? Example A bill credit was created from a bill transaction: This was created on the 23/5/2023: The item ("Opening Balance Item-AP") was already inactive at that point: And so was the GL account the item…
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NetSuite Admin Tip: Guide on Using Permissions and Preference on Editing Item Record Accounts
There are instances when you need to restrict some users or certain roles from having the ability to set or edit Accounts in the Accounting Subtab of the Item Record. This is to ensure that only authorized users can make changes to the Item Record Accounts and to avoid unintended changes at the same time. Sample Item…
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The G/L impact of a transaction in a closed period cannot be changed.
Trying to change the default expense account on a non-inventory item and get the above error. How can an item's default account be changed?
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COGS Accounts - Changing default account(s). Can I have multiple?
Hello, I am charged with straightening out our inventory. We have several issues going on: Changing Default COGS account(s) - We recently update our chart of accounts. When this was done, they didn't change the defaults for the internally generated costing transitions do they continue to post to the incorrect accounts. The…