calculating inventory quantity opening and closing balance using saved search

AI generated answer (using internal Slack threads):

To calculate the inventory quantity opening and closing balance using a saved search in NetSuite, you can create a Transaction Saved Search. Here are the steps: 1. Navigate to Reports > New Search > Item > click "Create Saved Search". 2. In the Criteria section, add 'Posting' = True. This ensures that only posted transactions are included in the search. 3. Add a Formula (Numeric) field. For the formula, enter:

case when {account.number} = '(insert your item asset account)' then 1 else 0 end

. This formula will return 1 for transactions related to your item asset account and 0 for all other transactions. 4. Add 'Date' to your Available Filters. This allows you to filter the search results by date. 5. In the Results section, add 'Item' (Group) and 'Quantity' (Sum). This will group the results by item and sum the quantities for each item. This saved search will show the on hand running balance for items at all locations. To get the opening and closing balance for a specific period, you can filter the search results by date. For more complex scenarios, such as accommodating for different locations and transaction types, you may need to modify the formula and add additional criteria to the saved search. There are also resources available online, such as the Prolecto Cumulative Saved Search Tally Challenge blog post, that provide detailed examples and explanations of how to create more complex saved searches. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******