what is the best way to handle a new company with 10k SKUs that is moving into NetSuite to get the cost/value for each item so that smart count wont recvie the invotry at zero

AI generated answer (using internal Slack threads):

The best way to handle a new company with 10k SKUs that is moving into NetSuite to get the cost/value for each item so that smart count won't receive the inventory at zero would be to use the Inventory Adjustment feature in NetSuite. Here are the steps to follow: 1. First, you need to zero out the inventory for all items. This can be done by creating an Inventory Adjustment and setting the Adjust Quantity By field to the negative of the current quantity for each item. This will set the quantity of all items to zero. 2. Next, you need to import the actual quantities and costs for each item. This can be done by creating another Inventory Adjustment and setting the Adjust Quantity By field to the actual quantity for each item and the New Average Cost field to the actual cost for each item. 3. Make sure to set the Adjustment Account to an appropriate account, such as Inventory Adjustment or Cost of Goods Sold. 4. Finally, you need to post the Inventory Adjustment to update the inventory quantities and costs in NetSuite. This process can be automated by using the CSV Import feature in NetSuite to import the Inventory Adjustments. You can create a CSV file with the item numbers, quantities, and costs, and then import this file into NetSuite. Please note that this process will affect the inventory valuation and the financial statements, so it should be done with care and preferably under the supervision of a NetSuite professional or an accountant. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******