Articles tagged #ADJUST
Articles tagged
#ADJUST

CSV Import on Inventory Adjustment Throws an Error: "You cannot create an inventory detail for this item"

When importing a CSV File to create or update anInventory Adjustmentrecord, an error: "You cannot create an inventory detail for this item" can be encountered when the item you are importing is not aSerial/Lot Numbered Itemor does not use bins.

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Resolve Error: "Invalid item reference key xxxx" in CSV Import of Inventory Adjustment

User received an error message on the CSV file forInvalid item reference key XXXXafter following the usual process of importing transactions such as Inventory Adjustment.

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Cumulative Translation Adjustment-Elimination (CTA-E)

The Cumulative Translation Adjustment-Elimination (CTA-E) account is a general ledger equity account required for processing intercompany eliminations in organizations that operate in multiple currencies. NetSuite adds CTA-E to your chart of accounts when you enable the Automated Intercompany Management feature. CTA-E has two purposes:

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Cost of Sales Adjustment on Bill Credit

Cost of Sales Adjustmentis not always equal to the amount ofItemsbeing returned in theBill Credit.

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Bill Credit GL Impact on Cost of Sales Adjustment

When you create aBill Credit with Item/s (Standalone or from Bill/ Vendor Return Authorization), you will notice that the GL Impact are as follows:

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Reviewing Negative Inventory

You can identify any negative inventory values that can be corrected by adjusting them to be positive. This process does not create a physical count. A physical count should already be completed before you begin this task.

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Inventory Adjustment > Click Inventory Detail > Enter Inventory Detail > The Total Inventory Detail must Be NaN

With Advanced Bin/Numbered Inventory Management enabled, create an Inventory Adjustment for an Inventory with Inventory Detail.

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Inventory Count Has No GL Impact

Inventory Count has no GL Impact

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Estimated Unit Cost in Inventory Adjustment for New Location (Multi-Location Inventory)

Scenario

When adding New Quantities viaInventory Adjustmenton a New Location, note that theEst. Unit Costwill default toZero. As there are no historical transaction yet for the Item on that Location, it is expected behavior that the Average Cost on that Location is Zero. Est. Unit Cost defaults to the Average Cost of the Item per Location and not the Average Cost on the Item Level. This means that the Item's Average Cost on the Item Level will not carry over to the New Location. The Average cost on the Item Level is the Average Cost of the Item across all locations. This is documented under the field help for the Average Cost on the Item. "This field displays the current average cost of the item across all locations. Using the weighted-average method, the average cost is calculated as the total units available during a period divided by the beginning inventory cost plus the cost of additions to inventory."

Solution

To be able to addCoston theItemon theNew Location, change theEst. Unit Coston theInventory Adjustmentfrom zero to a positive amount.

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Entering an Inventory Adjustment

The Adjust Inventory form enables you to change the quantity and value of an inventory item without entering a purchase order.

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How to Use the Adjust Inventory Worksheet

Go toTransactions > Inventory > Adjust Inventory Worksheet.

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Show Void Button On Inventory-affecting Transactions

Void button is only available on the following inventory-affecting transactions (inEDITmode) when the "Void Transactions Using Reversing Journals" preference is disabled:

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