serialized item with costing method specific and l...
# ask-stanley-ai
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serialized item with costing method specific and locations with WIP checkbox have a disabled wip and scrap account
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AI generated answer (using internal Slack threads):
Based on the conversations, it seems that the Work in Progress (WIP) account is a part of the inventory costing process in NetSuite. It is used to track the cost of items that are in the process of being manufactured but are not yet completed. When an item with a specific costing method is serialized and located with a WIP checkbox, the WIP and scrap account associated with it are disabled. This is because the costing method and the WIP checkbox determine how the cost of the item is calculated and tracked. If the WIP checkbox is checked, the cost of the item is tracked in the WIP account until the item is completed. If the WIP checkbox is not checked, the cost of the item is not tracked in the WIP account. However, it's important to note that changes in the WIP account can occur due to various factors such as changes in the assembly build, operational costs, or changes made by the NetSuite cost engine. These changes can be viewed in the line level history at the work order line level history option. In terms of transferring inventory cost to a WIP account until an asset goes into service, it would likely involve adjusting the inventory cost of the item and then transferring that cost to the WIP account. However, the exact process may depend on the specific accounting practices and policies of the organization. ****** 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: 0.821954489
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.817445159
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.815070629
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