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NSC | Understanding the Pros and Cons of Allowing Negative Inventory in NetSuite
Scenario A company is evaluating whether to allow negative inventory in NetSuite so warehouse teams can continue fulfilling and shipping orders even when receipts or inventory updates have not yet been entered. This often happens in high-volume environments where: sales orders are fulfilled before receipts are processed…
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WEBINAR REPLAY | Protect Your Margins With Production Costs You Can Trust
Outdated bill of materials (BOMs) costing and incomplete production data leads to inaccurate cost of goods, and ultimately erodes profitability. In this virtual event, you’ll see how to build accurate production costs so you can catch margin erosion early, explain variances quickly, and close with confidence. You’ll learn…
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No GL Impact on Second Work Order Completion After Additional Work Order Issue (Average Costing) Qu
Hi Experts, I am facing an issue related to Work Order costing and GL impact in NetSuite and would appreciate your help in understanding the system behavior. Scenario: Costing Method: Average Cost Work Order Quantity: 2 Transaction Sequence: Work Order Issue 1 – Issued components for quantity 1 Work Order Completion 1 –…
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[GROUP AVERAGE COST] Ran the BLCGA but Nothing is Posted
Hi GURUS, We are having an issue here where we have ran the BLCGA but nothing is posted. (We are expecting a Journal Entry should be posted) The Item have stock for 2 Locations and below is the information showing under the Item Record: Location A = x10 Quantity, Total Value $75, Average Cost $7.5 Location B = x10…
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NSC | Cost Accounting Status Stuck at “Pending” Status
Scenario: The user noticed that the Cost Accounting Status column in the Item Record is stuck in “Pending” status and is unsure whether this means the system is still actively calculating costs or if the process has stalled. Solution: A “Pending” status in the Cost Accounting Status field typically means that costing…
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Cost of Sales Adjustment
Hello, I understand why NetSuite posts Cost of Sales Adjustment, it is when, the inventory is underwater and there are cash sales (in our example) is generated. Eventually through Inventory Adjustment and/ or Item Receipt this gets added back to the respective location and system posts this. We have a unique situation…
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which timezone is costing schedule run in?
Hi guys, I'm wondering that the start time and end time we set in costing schedule are based on which timezone? It is based on system's timezone (PST) or data center's timezone or company's timezone
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Inventory Costing Process status
When closing an accounting period, I sometimes get a popup that says 'inventory costing process still running'. I don't feel like anything has happened that would still be in process. Is there a way to know how long that will be or see what transactions are pending processing or to monitor that process somewhere?
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NSC | Work Order Completion Projected Value changed by -System-
Scenario User wants to know why there was a change in Projected Value of a Work Order Completion made by -System-. Additional information: Costing Method of Assembly Item: Average Costing Method of Component Items: Lot Numbered Solution The first thing to check is the Schedule Inventory Costing preference in the account.…
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How To Update Average Cost For All Inventory Item
I want to update the inventory cost for stock on hand items by monthly, which transaction I need to do. Existing items are more than 5000, that may be possible or not. If possible, which functions I can do?