inventory_revaluation_is_not_the_first_transaction_in_the_item_history_error_msg

AI generated answer (using internal Slack threads):

The error message "Inventory Revaluation is not the first transaction in the item history" typically occurs when you are trying to perform an inventory revaluation on an item that has already had some transactions against it. In NetSuite, the first transaction against an item sets the initial cost. If you try to perform an inventory revaluation as the first transaction, you will encounter this error because the system does not have an initial cost to revalue from. To resolve this issue, you need to ensure that the first transaction against the item is not an inventory revaluation. This could be a purchase order, an inventory adjustment, or any other transaction that sets an initial cost for the item. Once the initial cost is set, you can then perform inventory revaluations as needed. In the case where the error occurs during the month-end close process, you need to find the item where the costing status is 'In Progress'. Then, reopen the period and run the cost revaluation for that period. After that, you can re-close all the periods again. If running the process on period close doesn't resolve the issue, you can try making a temporary transaction with the item to kick off the item costing engine, then delete it. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******