Articles tagged #ESTIMATE
Articles tagged
#ESTIMATE
Unable to Link Quote to Opportunity
Scenario
A user wants to link their existing quote record to the opportunity record.
It is standard behavior that users cannot link opportunities to existing quotes. To link opportunities to quotes, users need to use the Create New menu from opportunities.
It is standard behavior that users cannot link opportunities to existing quotes. To link opportunities to quotes, users need to use the Create New menu from opportunities.
Solution
- Navigate toTransactions>Sales>Create Opportunities>List
- OpenOpportunityrecord
- ClickSalestab
- ClickQuotessubtab
- ClickNew Quote
Estimates are set to a Processed Status when No Transactions are Associated
There are two instances why an Estimate shows as processed without any related transactions.
Set Document Status on Estimates
User wants to set the Document Status of Estimates based on their Probability.
Item Record > Set Item Defined Cost Value to a Null Value
Unable to setItem Defined Cost Valueto a Null Value.
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.
Difference Between the Two Status Fields in Estimates
The Status field with field ID: entitystatus represents the stage of advancement in the negotiation.
Forecasting Preferences
You can set your company forecast preferences atSetup > Sales & Marketing Automation > Sales Preferences.
Cost Estimate Types in NetSuite OneWorld
In NetSuite OneWorld accounts, cost estimate types are calculated according to the following: