converting Other Charge for Purchase to inventory item. will this affect pervious periods?

AI generated answer (using internal Slack threads):

Converting an 'Other Charge for Purchase' to an 'Inventory Item' in NetSuite will indeed have an impact on your previous periods. This is because the nature of these two item types is fundamentally different. 'Other Charge for Purchase' items are typically used for non-inventory charges, such as shipping or handling fees, and they do not affect inventory quantities. On the other hand, 'Inventory Items' represent goods that are held in stock, and transactions involving these items will affect both inventory quantities and the associated inventory asset accounts. When you change an 'Other Charge for Purchase' to an 'Inventory Item', any transactions in previous periods that used this item will now be treated as if they involved an inventory item. This could potentially change the balance of your inventory asset accounts for those periods. However, it's important to note that this change will not retroactively affect the General Ledger (GL) impact of those transactions. The GL impact of a transaction is determined at the time the transaction is posted, based on the item type and other transaction details at that time. Changing the item type afterwards will not change the GL impact of past transactions. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******