Is there any way to change the income account on an item if it has already been used in closed periods without reopening and changing those periods? Only workaround I could find is changing the name of the old item then inactivating it and creating a new item with the same name assigned to the new income account.

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that changing the income account on an item that has already been used in closed periods without reopening and changing those periods is not possible in NetSuite. The system does not allow modifications to the income account of an item, especially if transactions exist over closed periods. The recommended workaround is to inactivate the current item and create a new one with the desired income account. For open periods, you could use an allocation schedule which reclassifies the income account of the inactive item to the income account of your new item. Please note that reopening closed periods to make such changes could have significant implications on your financial reporting and audit trail, and is generally not recommended. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******