Is Last Purchase Price affected by most recent PO or Item receipt? Does a PO that hasnt been received affect Last Purchase Price

AI generated answer (using internal Slack threads):

The Last Purchase Price in NetSuite is affected by the most recent Item Receipt, not the Purchase Order (PO). This is because the PO is a non-posting transaction, meaning it does not affect the inventory balance or the Last Purchase Price. The Item Receipt, on the other hand, is a posting transaction and does affect the inventory balance and the Last Purchase Price. If a PO has not been received, it will not affect the Last Purchase Price. The Last Purchase Price is only updated when an Item Receipt is posted. This could be from a Return Authorization or an Inventory Adjustment, not just from a PO. When it comes to updating the purchase price on a PO, it's important to note that this will not automatically update the cost of items on sales orders or in profit and loss reports. The Sales Order is also a non-posting transaction, and it's the Item Fulfillment that records the Cost of Goods Sold impact. If you want to update the cost of items on sales orders, you would need to update the Item Fulfillment. It's also worth noting that once an Item Receipt is posted, you can only remove items; you cannot add more items to it. If you need to add more items, you would need to post a second Item Receipt. It's not best practice to go back and change past Item Receipts, as they are posting transactions and could cause changes in your past financial statements. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******