This search shows the standard cost item in a particular work order which have no Inventory cost revaluation yet. To create the saved search, follow the steps below: Navigate to Lists > Search > Saved Searches > New Click Item Search Title:Enter Search Title Click Criteria tab Click Standard subtab Filter: Select Type Type: Select any of Assembly/Bill Of Materials, Inventory Item Click Set Select Costing Method Costing method: any of Standard Click Set Click Summary subtab Set… Continue reading Saved search to show the standard costing item in a work order with no Inventory cost revaluation
Author: Salini R
Inventory Cost Revaluation considered in recording Production Variance
The Inventory Cost Revaluation considered by the system for recording of variances is effective as of date of Work Order Close. The Inventory Cost Revaluation effective as of Work Order Completion is the record used in recording the cost of the asset but the recording of the variance is based on Work Order Close date. As a best practice, ensure there are no open work… Continue reading Inventory Cost Revaluation considered in recording Production Variance
Components Association with Operations
Manufacturing Work In Process (WIP) feature helps to assign and issue components at the operation level for items you assemble. Associating components with specific operations can benefit operations that take a long time to complete. Some components may not be required when the work order starts. Therefore, it is not ideal to issue all assembly… Continue reading Components Association with Operations
Warning while deleting standard cost item.
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.
No Purchase Price Variance Posting for 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
Error message when creating Work Order from an Intercompany Sales Order
Error message: You can add inventory, assembly, of kit/package items only to intercompany transactions generated from Purchase Orders when creating Work Order from an Intercompany Sales Order To build a Work order record from the Intercompany Sales Order created from Intercompany Purchase Orders: 1. Edit Intercompany Sales Order 2. Under Items tab > unmark CREATE WO checkbox > click Save 3. On the Intercompany… Continue reading Error message when creating Work Order from an Intercompany Sales Order
Inventory Adjustment Estimated Unit Cost
When adding New Quantities via Inventory Adjustment on a New Location, the Est. Unit Cost will default to Zero. 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… Continue reading Inventory Adjustment Estimated Unit Cost
Set Default Email Attachment Type as PDF
Navigate to Home > Set Preferences Click Transactions tab. Printing: Transaction Email Attachment Format: Select PDF Click SaveNote: The change will apply to user level only. Currently, applying the preference to a company-level is not yet available on the system but you can set the preference on a role-level.
Create a budget using previous year’s actuals.
When you create a budget from the actual results of a previous year, NetSuite copies the values for account types and budget categories you specify. If you are replacing values in the new budget, the process deletes the existing budget before copying values to the new budget. This copying ensures that the new budget is… Continue reading Create a budget using previous year’s actuals.
Budgets gets removed once accounting period feature is enabled.
When user enable Accounting Periods feature, a message is prompted: “When you change Accounting periods, you won’t be able to see your current budgets. Are you sure you want to change the feature?” Clicking Ok will remove the existing Budget records as the Accounting Period will be a mandatory field of Budget records once the… Continue reading Budgets gets removed once accounting period feature is enabled.