in what order do inventory transactions cost on the same day

AI generated answer (using internal Slack threads):

Based on the conversations, the order of inventory transactions cost on the same day is not explicitly mentioned. However, there are several points related to inventory transactions and their impact on the General Ledger (GL) and financials: 1. Inventory Worksheet Adjustment: This method is used to revalue inventory items without changing quantities. However, the GL impact seems to be based on the current day's inventory value, which can cause overstatements if some items have been sold since the adjustment date. 2. Inventory Adjustment: If there is a 3-day window in history with no inventory transactions, you can bring inventory to 0 on a day (e.g., Friday) backdated with an inventory adjustment. Then, on the next business day (e.g., Monday), bring the inventory back up to stock at the correct value. This method requires a full calendar day at 0 on hand for it to work. It will change the financials in that period, and an appropriate expense account or a holding account is needed for both inventory adjustments. 3. Special Order: This method is suggested for recognizing inventory in dropship transactions. In NetSuite, you would still need to receive the item before you can record the fulfillment. The Purchase Order (PO) would still be linked and allocated to the Sales Order (SO), but you will need to receive the PO so the items can be fulfilled/shipped. Remember, these methods have implications on your financials and should be used considering your specific business needs and accounting practices. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******