Friday, September 28, 2018

Reason why NetSuite Changes Costs on FIFO/LIFO Transactions

With our new costing engine, costing for transactions that include FIFO or LIFO item(s) is handled in the same way as serialized or lot numbered items.  Upon the save of a transaction, two things take place:

1.     The average cost is used when the transaction is saved

2.     The costing program runs and recalculates the correct FIFO or LIFO cost

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