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How to clear an inventory item when there is no stock, but there is a value
An inventory adjustment was done in July last year for transactions that were in 2023. However, due to the cost field being rounded in the inventory adjustment, this left a value of against the item. What is the correct way of handling this? I need to make the value 0. A journal entry? An item receipt then item…
Why is there Inventory Value when there is no inventory?
I don't understand why there would be a value if I do not have any inventory of these items.
Inventory Item > Purchasing/Inventory > Locations: Value Zero with a Nonzero Standard Cost
We recently added a new Location and created a new Planned Standard Cost Version. We ran a Planned Standard Cost Rollup, and then Revalue Standard Cost Inventory. We then transferred an Inventory Item with a Planned Standard Cost of $311.99 to the new location. However, the Value for this Item in the new Location is…
Zero Inventory with Values
I am finding few of my items with Zero quantity but still have a value attached. I am not sure if it's an issue with the costing method or if NetSuite haven't calculated the COGS. Is there anyway I can check to find out what's going on ?

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