best way to move on hand inventory from 1 GL account to another

AI generated answer (using internal Slack threads):

Based on the conversations, the best way to move on-hand inventory from one GL account to another in NetSuite is through the use of Inventory Transfers or Inventory Adjustments. However, it's important to note that both of these actions will have an impact on your GL. For Inventory Transfers, the overall impact on the account is zero since you would be debiting and crediting the same amount from two different locations. However, if you had a negative position on inventory in one location before the transfer was made, NetSuite does hit the sales account to make up for that. For Inventory Adjustments, you need to have a contra account to the inventory assets. The adjustment has to have an account to balance against the inventory going down. The contra account is typically an opening balance account. On the item master, you set the Asset account which will be debited when doing the positive adjustment. When performing the inventory adjustment, you select the Opening Balance account which will be credited. Please note that both adjustments and worksheets are GL impacting transactions. It's recommended to let your adjustments drive your accounts then perform reconciliation if needed. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******