Discussions
We'd love to hear your thoughts on the Latest updates in the NetSuite Support Community (UI/UX edition) – December 2025. Your feedback is important to us—please let us know what you think or any suggestions you may have in the comments!
Calculation of Estimated Total Value when using Standard Costing
I wonder if you could help me out here please?
Here's my problem:
I have set up standard cost of 3.91608696 for an inventory item
I use the Inventory Adjustment Form (Transactions>Inventory>Adjust Inventory) and I enter an adjust qty of 5
I am expecting NetSuite to calculate Estimated Total Value thus: 5 x 3.91608696 = 19.5804348
If this is rounded to 2 decimal places, I should see 19.58 in the Estimated Total Value field
But I am actually seeing 19.60 (2 pence difference)
Can someone explain why NetSuite is doing this please?
If this occurs for thousands of items over the course of a year, the stock value may be materially under or over stated and the auditors may not provide financial sign off
Tagged:
0