NetSuite enables you to update the purchase price on selected items to the price on the most recent purchase of that item. This price reflects the most recent transaction for the item added to inventory. For example, a purchase receipt, inventory transfer, or inventory adjustment. This does not include item returns or assembly unbuilds. You… Continue reading Updating Item Purchase Prices
Tag: last purchase price
Last Purchase Price on Item Record
Accounting Preferences> Items/Transactions> Inventory Enable this preference to include the landed cost amount for the last purchase price. Item costs displayed on item records include landed cost. Gross Profit transactions apply the last purchase price including landed cost. Purchase orders and other transactions default to use the last purchase price including landed cost when no default… Continue reading Last Purchase Price on Item Record