NetSuite Costing Methods: Let’s delve into the common costing methods available in NetSuite: Average Costing: It is calculated as the total units available during a specific date range, divided by the beginning inventory cost plus the cost of additions to inventory. This method employs the moving average method, averaging costs over the period. In the… Continue reading NetSuite Costing
Tag: costing
Cost of Sales GL adjustments by system
Scenario – The item costing method is FIFO and the system is causing GL changes and the direct cause cannot be pinpointed. In the Item Fulfillment transactions, the system changes the GL impact due to a change in the costs. There are various reasons for the cause of the change. With our current costing engine,… Continue reading Cost of Sales GL adjustments by system
How fixed asset module can be used for job costing
How fixed asset module can be used for job costing