Why would a GL correction happen to cause an Item ...
# ask-stanley-ai
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Why would a GL correction happen to cause an Item to be 0 on hand but a negative dollar value on hand?
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AI generated answer (using internal Slack threads):
****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** A GL correction that causes an item to be 0 on hand but a negative dollar value on hand could be due to several reasons: 1. Inventory Costing Calculation: If an inventory costing calculation is currently scheduled or in progress, the values on the inventory report may be incorrect until this calculation completes. This could cause discrepancies in the inventory value. 2. Backdated Transactions: If there are any backdated transactions still processing in costs, this could affect the inventory value. NetSuite goes through all related transactions for those items and recalculates the GL impact, which could result in a zero on hand but a negative dollar value. 3. Negative Inventory: If the item had negative inventory at the time the transaction was created, the GL impact for those lines could be blank, which could result in a zero on hand but a negative dollar value. 4. Inventory Received in New Location: If an inventory item is received into a location where it hasn't previously existed, it could be held in the system with a $0 value. This $0 value then stays with the inventory item throughout the rest of its movements, causing discrepancies in the inventory value. 5. Costing Method: The costing method used on the item (FIFO or average cost) could also affect the inventory value. If NetSuite is considering that you bought/increased inventory for $0 whenever those items were put in stock, it could result in a zero on hand but a negative dollar value. Please review your inventory transactions and costing calculations to identify the cause of this issue.
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.852123618
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.835795224
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.834826708
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