Process a Revaluation Transaction

You can process an inventory revaluation in two ways:

• Revaluing Standard Cost Inventory in Bulk

  Select an existing cost version record, and set the date those costs become effective. You can do this for all items associated with the cost version or only for select ones.

• Manually Entering an Inventory Cost Revaluation

  Select an item and enter standard costing details. When you submit, NetSuite creates a cost version record that become effective on the transaction date.

You can enter only one revaluation transaction per date for each item in a specified location.

Note:

Calculations use a decimal precision of seven places. For example, 9.87654321 is calculated as 9.8765432.

Related Topics

• Deleting a Revaluation
• Revaluation and Multi-Book Accounting
• Revalue Standard Cost Inventory

General Notices