Creating a Location Costing Group
Create a location costing group record to track the locations associated with that group.
To create a location costing group:
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Go to Setup > Accounting > Location Costing Groups.
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Enter a Name for the group.
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Optionally enter a Memo. Later, you can search for the text you enter.
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If you use NetSuite OneWorld, in the Costing Group Currency field, select a currency to limit the subsidiaries available for the costing group.
Note:You can add locations to the costing group with restrictions. The location must be associated with a subsidiary that has the selected costing group currency as their base currency.
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Click the Location subtab.
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In the Select column, check the box next to each location you want to be a member of this group.
The location list on the location costing group record is filtered by your permission to access each location and subsidiary.
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Click Save.
The location costing group you created appears in the Costing Group field on item records.
Add Locations to a Location Costing Group
You can assign a location to a location costing group in two ways:
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On the location record, select the appropriate location costing group.
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On the location costing group record, select the location.
A location can be assigned to only one location costing group. Locations are not required to be assigned to a location costing group.
A new or existing location can be assigned to an existing location costing group, but there are restrictions. There must be no transactions associated with the location for any items using the group average costing method.
Assign new locations to a location costing group when the new location is set up, before entering transactions associated with that location. After a location record is assigned to a location costing group, it can be removed from the group, but there are restrictions. There must be no transactions associated with the location for any items with the group average costing method.