different adjustment accounts on a inventory adjus...
# ask-stanley-ai
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different adjustment accounts on a inventory adjustment netsuite
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AI generated answer (using internal Slack threads):
In NetSuite, when you make an inventory adjustment, it impacts your General Ledger (GL). This is because the adjustment needs to have an account to balance against the inventory going down. Typically, the contra account is an opening balance account. The asset account is driven by the item master. When you perform a positive inventory adjustment, the asset account set on the item master will be debited. The account selected in the inventory adjustment transaction, which should be the opening balance account, will be credited. If you have multiple items and need to adjust the inventory, you would need to change the asset account for each item. However, it's important to note that inventory adjustments will always have an impact on the balance sheet as inventory is booked through Other Current Asset Accounts. If you're using the Warehouse Management System (WMS) and need to change the adjustment account when creating inventory, you can do so from the location record. There's an adjustment account on the location record that you can modify. ****** 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: 0.861141801
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.842174
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.840709329
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