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Ian Dobbins Red Ribbon

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  • You can start with the built-in Inventory Valuation Report (Reports --> Inventory Items --> Inventory Valuation). However this report has some limitations. First, the categories are based on the item type (i.e. inventory item, assembly, etc) and not on the GL account (i.e. raw materials, WIP, finished goods). So, if you…
  • Simply enter an inventory adjustment. I suggest posting to a "equipment maintenance" income statement account. That will relieve inventory and properly record how the materials were used in a single step. Do not invoice inventory to yourself. That will inflate your sales and your auditors will force you to correct it.
  • Stradis Healthcare uses RF-Smart, a WMS solution for NetSuite. As a medical manufacturer, all of our products are lot numbered and expiration dated. Even with that complication, even entry-level workers can perform cycle counts easily. The warehouse staff performs 100% of their work on CT50 or 75e scanners. RF-Smart is not…