IN netsuite how do you write off existing inventor...
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IN netsuite how do you write off existing inventory items?
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AI generated answer (using internal Slack threads):
In NetSuite, writing off existing inventory items can be done through the Inventory Adjustment feature. This feature allows you to adjust the quantity and value of items in your inventory. Here are the steps to do it: 1. Navigate to Transactions > Inventory > Adjust Inventory. 2. In the Adjustment Account field, select the account you want to adjust. This should be an expense account where you want to write off the inventory. 3. In the Adjustment Location field, select the location of the inventory items you want to write off. 4. In the Items subtab, click New Line. 5. In the Item field, select the inventory item you want to write off. 6. In the Adjust Qty. By field, enter the quantity of the item you want to write off. This should be a negative number. 7. In the Unit Cost field, enter the cost per unit of the item. 8. Click Add. 9. Repeat steps 4-8 for each item you want to write off. 10. Click Save. Please note that this will decrease the quantity of the item in your inventory and increase the expense in the account you selected. Also, make sure to consult with your accountant before making any adjustments to your inventory. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.845154
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.838817716
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.83718586
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