Month: February 2023

A warning message appears when you attempt to delete an item that has a standard cost, either active or historical. This is done to help preserve the integrity of the data used to evaluate items’ inventory costs. For example, this happens when the unit cost of an item is found in inventory revaluation transactions and… Continue reading Warning while deleting standard cost item.

If an item uses Standard Cost as Costing Methodand the purchase price of the Item on a Purchase Order is different than the Item’s Standard Cost, the Item Receipt posts the difference to the Purchase Price Variance (PPV) account specified on the item record. If the GL impact of the item receipt posts the entire amount to Accrued Purchases Account (Inventory Received Not Billed) account and not to… Continue reading No Purchase Price Variance Posting for Standard Cost Item

A subtotal item can be inserted on any line of a transaction and will subtotal the items above it, up to the next subtotal line. This allows you some added flexibility when calculating discounts. If you want to calculate a discount on the entire transaction, you can enter a subtotal line and then enter a… Continue reading Subtotal Items

Go to Transactions > Customers > Issue Credit Memos > List (Administrator). Click Edit next to the memo you want to apply. On the Items subtab, check the Auto Apply box next to the Unapplied field if you want NetSuite to apply the credit amount to the oldest invoices or cash sales due. Click the Apply subtab to apply the credit toward a specific… Continue reading Apply a Credit Memo on the Credit Transaction