does group average costing casue any issues and will it pass average costs to other locations

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that the use of group average costing in NetSuite does not inherently cause issues. However, it is important to note that the system does not automatically generate journal entries to balance the inventory value across all locations. This process needs to be manually initiated by going to Lists > Accounting > Balance Location Costing Group Accounts. As for the question of whether group average costing will pass average costs to other locations, it seems that the system does calculate location average cost when a transfer order is created. The location average cost is calculated systematically after the transaction entry, provided that the 'Use Item Cost as Transfer Cost' option is ticked on the Transfer Order. However, the choice between average costing and standard costing largely depends on the specific needs and circumstances of the business. Some users have found that average costing provides a more realistic overview for sales, purchase, and accounting, even with low transaction volumes. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******