Item Record Management
NetSuite 2026.1 includes the following enhancement to item record management features:
Use Item Cost as Transfer Cost Preference Now Supports Standard Cost Items on Transfer Orders
You can now set the Use Item Cost as Transfer Cost preference on transfer orders for items that use the Standard costing method. This enhancement automates item cost calculations when transferring standard cost items between locations or subsidiaries, ensuring accurate general ledger (GL) postings and variance accounting.
Use this preference for transfer orders and intercompany transfer orders that contain items with the standard costing method. When you set this preference, NetSuite uses the item's standard cost at the source location as the transfer cost. This enhancement ensures accurate cost differences are posted to Purchase Price Variance (PPV), reduces manual effort, and improves your financial reporting.
Advanced Pricing: Price Rules
With the new Price Rules feature, pricing managers now have greater flexibility and control over pricing in NetSuite. Price rules let you automatically apply price levels to sales transactions based on specific criteria such as customer, item, or date range. Using price rules helps ensure that your pricing strategy remains up to date.
Each price rule can specify:
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Rule name and description
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Price level
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Start and end dates
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Customers or customer groups (static or dynamic)
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Items
For example, you can create a price rule that applies a specific price level to all roller skate sales for ACME Inc. during January. When the criteria in your rule match a sales transaction, NetSuite automatically defaults to the specified price level.
To get started, enable Advanced Pricing by going to Setup > Company > Enable Features. On the Transactions subtab, in the Sales section, check Advanced Pricing. You can then manage your Price Rules by going to Lists > Accounting > Price Rules. Here you can view existing rules or create new ones by clicking New.
The following areas in NetSuite aren't currently compatible with Advanced Pricing and should only be used when Advanced Pricing isn't enabled:
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Price Lists
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Customer Center and SuiteCommerce
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Pricing Search in NetSuite's saved searches
You should wait until support is added before using these areas with Advanced Pricing enabled. In all cases, the features recognize customer pricing only as defined on the customer record, and don't support customer pricing defined by price rules.
Price rules give you control over when and how price levels are applied, making it easier to tailor your pricing to business needs.
Cost-Plus Pricing
Pricing managers can now set up Cost-Plus (Cost+) pricing at the price level.
The price level record has been enhanced with new pricing methods. Selecting a pricing method of Markup/Discount keeps existing functionality unchanged. Selecting the new Cost+ method lets you pick a cost basis and set a markup or discount percentage.
You can base Cost+ pricing on:
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Average Cost: Uses the Average Cost field from the inventory item.
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Cost for Pricing: A new item record field where you can set a custom cost, ideal for items without standard costing or with volatile prices.
Create and manage price levels by going to Setup > Lists > Accounting.
The item record has also been updated for Cost+ pricing. The Discount % column is now Pricing Method, letting you see at a glance whether a price level uses a discount or Cost+ pricing for each item.
Advanced Pricing: Transactions and Reports
You can now use price rules on all major sales transactions in NetSuite, including:
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Sales orders
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Cash sales
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Estimates
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Invoices
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Credit memos
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Return authorizations
When you add items to a transaction, NetSuite automatically checks for prices with applicable rules based on the items, customer, and transaction date. NetSuite also checks for prices that are configured directly on the customer record. If it doesn't find a price, NetSuite uses the item's base price.
To start using price rules, enable Advanced Pricing by going to Setup > Company > Enable Features. On the Transactions subtab, in the Sales section, check Advanced Pricing. You can then manage your price rules by going to Lists > Accounting > Price Rules. Manage price levels by going to Setup > Lists > Accounting.